Memscap, S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 26, 2020 at 12:00 pm IST
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MEMSCAP, S.A. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was EUR 2.4 million compared to EUR 3 million a year ago. Operating loss was EUR 0.2 million compared to operating Income of EUR 0.1 million a year ago. Net loss was EUR 0.3 million compared to net income of EUR 0.1 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.