Mips AB Publ Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 08, 2019 at 01:30 am EST
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MIPS AB publ announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was SEK 52.920 million compared to SEK 51.192 million a year ago. Net income was SEK 15.986 million compared to SEK 15.714 million a year ago. Basic earnings per share was SEK 0.63 compared to SEK 0.62 a year ago. Diluted earnings per share was SEK 0.62 compared to SEK 0.61 a year ago. For the nine months, sales was SEK 180.420 million compared to SEK 130.300 million a year ago. Net income was SEK 54.736 million compared to SEK 34.495 million a year ago. Basic earnings per share was SEK 2.16 compared to SEK 1.36 a year ago. Diluted earnings per share was SEK 2.12 compared to SEK 1.36 a year ago.
Mips AB is a Sweden-based company, which specializes in helmet safety and brain protection. The Company offers its MIPS Brain Protection System (BPS) that implies solutions protecting against rotational motion transferred to the brain from angled impacts to the head. BPS is designed to add protection in helmets due to the low friction layer, which enables a relative movement between the head and the helmet, mimicking the brainâs own protection system. The technology implements into bicycle, snow, motorcycle and equestrian helmets. More than 40 helmet brands use BPS, including Bell, Fox Head, Giro, Scott, Smith and Trek, among others. The Company determines only one segment as operations solely comprise sales of the component kit included in consumer products.
MIPS AB 
