Ionics, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 15, 2021 at 07:32 pm EDT
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Ionics, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 18.092 million compared to USD 10.683 million a year ago. Net income was USD 811,000 compared to net loss of USD 498,000 a year ago. Basic earnings per share from continuing operations was USD 0.001 compared to basic loss per share from continuing operations of USD 0.001 a year ago. Diluted earnings per share from continuing operations was USD 0.001 compared to diluted loss per share from continuing operations of USD 0.0006 a year ago. For the half year, total revenue was USD 33.142 million compared to USD 21.654 million a year ago. Net income was USD 1.213 million compared to net loss of USD 1.065 million a year ago. Basic earnings per share from continuing operations was USD 0.002 compared to basic loss per share from continuing operations of USD 0.001 a year ago. Diluted earnings per share from continuing operations was USD 0.0015 compared to diluted loss per share from continuing operations of USD 0.0013 a year ago.
Ionics, Inc. is a Philippines-based holding company. The Company, through its subsidiaries, is engaged in product design and electronics manufacturing, precision-engineered plastic injection molding, core-technology venture capital investment, property holdings and management. The Companyâs subsidiaries include Ionics EMS, Inc., Ionics Properties, Inc. (IPI), Ionics Circuits, Limited (ICL) and Iomni Precision, Inc. (Iomni). Ionics EMS, Inc. offers a range of services, including original design manufacturing, engineering, supply chain management and reverse logistics in the fields of computer and peripherals, telecommunications, automotive, consumer, medical and industrial. IPI owns and manages land and buildings and other structures for the Company. ICL is engaged in venture capital investment in core technologies globally for glimpses of future techscapes. Iomni is involved in molds engineered plastic products and parts through injection with high degrees of complexity and precision.
IONICS, INC. 
