MEMSCAP, S.A. Announces Non-Audited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
April 24, 2018 at 01:30 am EDT
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MEMSCAP S.A. announced non-audited consolidated earnings results for the first quarter ended March 31, 2018. Consolidated revenue for the first quarter of 2018 was €2.9 million compared to €2.9 million a year ago. Operating loss was €0.2 million compared to €0.3 million a year ago. Net loss was €0.2 million compared to €0.3 million a year ago. The Group's gross margin rate stood at 30% of the consolidated sales compared to 26% in the first quarter of 2017. This increase by 4 points was mainly due to the growth of the optical communications activities of the Group's US subsidiary, for which the company has its own intellectual property.
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.
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