Memscap, S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 29, 2020 at 01:30 am EDT
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MEMSCAP, S.A. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was EUR 2.7 million compared to EUR 3.5 million a year ago. Operating loss was EUR 0.1 million compared to operating Income of EUR 0.2 million a year ago. Net loss was EUR 0.1 million compared to net income of EUR 0.1 million a year ago. For the half year, total revenue was EUR 6.1 million compared to EUR 6.6 million a year ago. Operating loss was EUR 0.1 million compared to operating Income of EUR 0.1 million a year ago. Net loss was EUR 0.2 million compared to EUR 0.1 million a year ago.
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. Net sales (excluding sold businesses) break down by area of activity as follows:
- avionics and medical (88%): design and manufacture of multifunctional sensors and measurement systems for aeronautics and medical sectors;
- optical communications (11.1%): design and marketing of variable optical attenuators (VOAs) for the communications market, based on a fabless organization;
- dermocosmetics (0.9%): operation and management of the Group's assets in the dermatology and cosmetology sectors, primarily the Ioma brand.
Net sales are distributed geographically as follows: Europe (52.9%), the United States (38.5%), Asia (7.8%) and other (0.8%).