Micron Solutions, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 02:19 pm EST
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Micron Solutions, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 4.331 million compared to USD 5.001 million a year ago. Operating loss was USD 379,867 compared to operating Income of USD 11,442 a year ago. Net loss was USD 506,977 compared to USD 77,171 a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.03 a year ago. For the nine months, sales was USD 13.909 million compared to USD 15.441 million a year ago. Operating loss was USD 1.168 million compared to operating Income of USD 38,197 a year ago. Net loss was USD 1.496 million compared to USD 223,137 a year ago. Basic loss per share from continuing operations was USD 0.52 compared to USD 0.08 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. 
