Micropac Industries, Inc. Reports Earnings Results for the First Quarter Ended February 24, 2024
April 10, 2024 at 07:10 pm
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Micropac Industries, Inc. reported earnings results for the first quarter ended February 24, 2024. For the first quarter, the company reported sales was USD 6.12 million compared to USD 6.19 million a year ago. Net income was USD 0.177 million compared to net loss of USD 0.056 million a year ago.
Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.
Micropac Industries, Inc. is engaged in designing, manufacturing, and distributing various types of microelectronic circuits, including solid state relays and power controllers, optoelectronic components, and sensor and display components and assemblies. The Company's products are used as components and assemblies in a broad range of military, space, medical and commercial systems, including aircraft instrumentation and navigation systems, satellite systems, power supplies, electronic controls, computers, medical devices, and high-temperature (200 degree Celsius) products. The Company's products are either custom (being application-specific circuits designed and manufactured to meet the requirements of a single customer) or standard proprietary components. It provides microelectronics, sensors and displays, and optoelectronics products, to include components and assemblies that offer a wide range of products sold to the industrial, medical, military, aerospace, and space markets.
MICROPAC INDUSTRIES, INC. 
