MEMSCAP S.A. Announces Consolidated Earnings Results for the First Quarter Ending March 31, 2017
April 21, 2017 at 01:30 am EDT
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MEMSCAP S.A. announced consolidated earnings results for the first quarter ending March 31, 2017. Consolidated revenue for the first quarter of 2017 was €2.9 million, slightly higher than consolidated sales for the first quarter of 2016 at €2.8 million. Consolidated revenue for the first quarter of 2017 benefited from the robustness of the avionics segment as well as the recovery in sales of the medical segment initiated in the previous quarter. The company reported operating and net losses at €0.3 million for the first quarter of 2017 compared to break-even operating and net earnings for the first quarter of 2016.
Memscap is the leader in designing, manufacturing and marketing components, modules, systems and solutions based on micro electro-mechanical systems (MEMS). MEMS combine semiconductor micro-electronics with micro-manufacturing technology to make entire systems contained on one chip. The group organizes its activity around 3 core sectors:
- standard products: integrating the design and manufacture of sensors and multifunctional measurement systems for the areas of medicine, biomedicine, aerospace industry and defense;
- customized products: including the design and manufacture of MEMS components, the intellectual property licenses granting and customers cooperation projects for the custom-made development and production;
- dermo-cosmetic pole: integrating the operations and management of the group's assets related to the areas of dermatology and cosmetology, including the Ioma brand.
MEMSCAP 
