Micron Solutions, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 14, 2019 at 01:47 pm EDT
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Micron Solutions, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was USD 4.892 million compared to USD 5.320 million a year ago. Operating loss was USD 381,463 compared to operating Income of USD 117,891 a year ago. Net loss was USD 470,958 compared to net income of USD 33,681 a year ago. Basic loss per share from continuing operations was USD 0.16 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. For the half year, sales was USD 9.577 million compared to USD 10.439 million a year ago. Operating loss was USD 788,830 compared to operating Income of USD 26,755 a year ago. Net loss was USD 989,731 compared to USD 145,966 a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 0.05 a year ago.
Micron Solutions, Inc. is a diversified contract manufacturing organization (CMO). The Company, through its subsidiary, Micron Products, Inc., produces medical devices, military, and consumer components and assemblies requiring precision machining and custom injection molding. The Company provides design, engineering, quality and regulatory across the Companyâs three product lines: machining, thermoplastic injection molding and sensors. It machines components for implants and instruments for medical devices, including large joint replacements, wrist plates, rib fixation plates, and screws. Its custom thermoplastic injection molding services meet the needs of customers who require clean room molding, in-cycle vision inspection, assembly and packaging to tight tolerances using engineered materials. Its other value-added services include pad printing, ultrasonic welding, stamping, laser marking, clean room molding, clean room assembly, specialty coatings, plastic machining and others.
MICRON SOLUTIONS, INC. 
