Memex Inc. provided earnings guidance for the third quarter and nine months ended June 30, 2016. The company expects to achieve revenue of $919,000, representing an increase of 104% over the same period a year ago, and 61% higher than second quarter of 2016. Revenue growth was driven by both new customer wins and follow-on orders. Gross margin is expected to be approximately 72.5%, up from 50.4% a year ago. For year-to-date, the company expects sales of $2.1 million eclipsed the $2 million level for the first time in the company's history, with one quarter still remaining in the fiscal year.