MEMSCAP S.A. Reports Consolidated Unaudited Earnings Results for the Third Quarter Ended September 30, 2016; Provides Sales Guidance for Fourth Quarter of 2016
October 26, 2016 at 01:30 am EDT
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MEMSCAP S.A. reported consolidated unaudited earnings results for the third quarter ended September 30, 2016. For the quarter, total revenue was EUR 2.8 million against EUR 3.0 million a year ago. The Group's net and operating earnings are at break-even level for the third quarter of 2016 versus an operating loss at EUR 0.1 million and net earnings at break-even level for the previous quarter and compared to net and operating profits at EUR 0.2 million for the third quarter of 2015. The quarterly consolidated EBITDA amounted to EUR 0.2 million for the third quarter of 2016 leading to a cumulative EBITDA steadily increasing at EUR 0.9 million for the nine-month period ended September 30, 2016.
The third quarter of 2016 confirmed the solidity of the avionics and optical communications activities of the Group that compensated a temporary weaker demand on the medical and biomedical market segment during the last months. Considering its current order backlog, MEMSCAP expects an increase of its sales over the fourth 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 S.A. Reports Consolidated Unaudited Earnings Results for the Third Quarter Ended September 30, 2016; Provides Sales Guidance for Fourth Quarter of 2016
MEMSCAP 
