MEMSCAP Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
July 22, 2016 at 11:00 am IST
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MEMSCAP announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenue was EUR 2.8 million compared to EUR 3.5 million a year ago. Operating loss EUR 0.1 million compared to EUR 0.3 million a year ago. Financial profit was EUR 0.1 million compared to EUR 0 a year ago. Net profit was EUR 0 compared to EUR 0.3 million a year ago. EBITDA amounted to EUR 0.4 million.
For the six months, EBITDA amounted to EUR 0.7 million for the six-month period ended June 30, 2016.
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.