MEMSCAP, S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 23, 2023 at 12:30 pm EDT
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MEMSCAP, S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 3.01 million compared to EUR 2.08 million a year ago. Net income was EUR 0.304 million compared to net loss of EUR 0.06 million a year ago.
For the nine months, sales was EUR 10.1 million compared to EUR 6.63 million a year ago. Net income was EUR 1.44 million compared to net loss of EUR 0.631 million a year ago.
Memscap is the leader in designing, manufacturing and marketing components, modules, systems and solutions based on micro electro-mechanical systems (MEMS). MEMS combine semiconductor micro-electronics with micro-manufacturing technology to make entire systems contained on one chip. The group organizes its activity around 3 core sectors:
- standard products: integrating the design and manufacture of sensors and multifunctional measurement systems for the areas of medicine, biomedicine, aerospace industry and defense;
- customized products: including the design and manufacture of MEMS components, the intellectual property licenses granting and customers cooperation projects for the custom-made development and production;
- dermo-cosmetic pole: integrating the operations and management of the group's assets related to the areas of dermatology and cosmetology, including the Ioma brand.