Integrated Micro-Electronics, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 29, 2020 at 12:22 am EDT
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Integrated Micro-Electronics, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 312.440 million compared to USD 303.875 million a year ago. Net income was USD 9.107 million compared to net loss of USD 5.333 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.005 a year ago. For the nine months, sales was USD 788.619 million compared to USD 939.573 million a year ago. Net loss was USD 11.893 million compared to net income of USD 450,000 a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.0002 a year ago.
Integrated Micro-Electronics Inc. (IMI) is a provider of electronics manufacturing services (EMS) and power semiconductor assembly and test services. The Company operates through segments, including Philippines, Singapore/China, Bulgaria, Czech, Mexico, USA, and Japan. IMI exports printed circuit board assemblies (PCBA), flip chip assemblies, electronic sub-assemblies, box build products and enclosure systems. It also provides a range of solutions, including product design and development, test and systems development, automation, advanced manufacturing engineering, and power module assembly, among others. The Company serves diversified markets, such as the automotive, industrial, medical, storage device, and consumer electronics industries, and non-electronic products (including automobiles, motorcycles, and solar panels, among others) or parts, components or materials of non-electronic products, as well as to perform and provide information technology services.
INTEGRATED MICRO-ELECTRONICS, INC. 
