MEMSCAP Announces Consolidated Earnings Results for the Fourth Quarter Ended December 31, 2017
January 26, 2018 at 06:30 am
Share
MEMSCAP announced consolidated earnings results for the fourth quarter ended December 31, 2017. Consolidated revenue for the fourth quarter of 2017 was €3.6 million ($4.2 million) compared to €2.4 million ($2.8 million) for the third quarter of 2017 and €3.3 million ($3.6 million) for the fourth quarter of 2016. The increase in consolidated sales was +50% compared to the third quarter of 2017 and +8% compared to the fourth quarter of 2016. As previously announced, the Group's activities over this quarter benefited from the sustained dynamism of the aerospace market segment as well as the reviving demand in the optical communications sector. Consequently, the Group reported operating and net profits of €0.2 million for the fourth quarter of 2017 compared to operating and net losses at €0.3 million for the third quarter of 2017 and operating and net profits of €0.1 million for the fourth quarter of 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. Net sales (excluding sold businesses) break down by area of activity as follows:
- avionics and medical (88%): design and manufacture of multifunctional sensors and measurement systems for aeronautics and medical sectors;
- optical communications (11.1%): design and marketing of variable optical attenuators (VOAs) for the communications market, based on a fabless organization;
- dermocosmetics (0.9%): operation and management of the Group's assets in the dermatology and cosmetology sectors, primarily the Ioma brand.
Net sales are distributed geographically as follows: Europe (52.9%), the United States (38.5%), Asia (7.8%) and other (0.8%).
MEMSCAP 
