Micropac Industries, Inc. Reports Earnings Results for the Full Year Ended November 30, 2020
February 11, 2021 at 12:13 pm EST
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Micropac Industries, Inc. announced earnings results for the full year ended November 30, 2020. For the full year, the company announced sales was USD 22.274 million compared to USD 25.450 million a year ago. Operating income was USD 1.625 million compared to USD 4.317 million a year ago. Net income was USD 1.472 million compared to USD 3.713 million a year ago. Basic earnings per share from continuing operations was USD 0.57 compared to USD 1.44 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. 
