Micropac Industries, Inc. Reports Earnings Results for the First Quarter Ended February 27, 2021
April 13, 2021 at 03:49 pm EDT
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Micropac Industries, Inc. announced earnings results for the first quarter ended February 27, 2021. For the first quarter, the company announced sales was USD 4.050 million compared to USD 5.957 million a year ago. Operating loss was USD 374,000 compared to operating Income of USD 778,000 a year ago. Net loss was USD 301,000 compared to net income of USD 692,000 a year ago. Basic loss per share from continuing operations was USD 0.12 compared to basic earnings per share from continuing operations of USD 0.27 a year ago.
Micropac Industries, Inc. is engaged in designing, manufacturing, and distributing various types of microelectronic circuits, including solid state relays and power controllers, optoelectronic components, and sensor and display components and assemblies. The Company's products are used as components and assemblies in a broad range of military, space, medical and commercial systems, including aircraft instrumentation and navigation systems, satellite systems, power supplies, electronic controls, computers, medical devices, and high-temperature (200 degree Celsius) products. The Company's products are either custom (being application-specific circuits designed and manufactured to meet the requirements of a single customer) or standard proprietary components. It provides microelectronics, sensors and displays, and optoelectronics products, to include components and assemblies that offer a wide range of products sold to the industrial, medical, military, aerospace, and space markets.
MICROPAC INDUSTRIES, INC. 
