Integrated Micro-Electronics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 07:22 pm EST
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Integrated Micro-Electronics, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 340.75 million compared to USD 351.24 million a year ago. Net loss was USD 1.6 million compared to net income of USD 0.806 million a year ago.
For the nine months, sales was USD 1,032.64 million compared to USD 1,042.1 million a year ago. Net loss was USD 85.26 million compared to USD 4.71 million a year ago. Basic loss per share from continuing operations was USD 0.0386 compared to USD 0.0021 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. 
