Micropac Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended May 27, 2023
July 11, 2023 at 06:50 pm
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Micropac Industries, Inc. reported earnings results for the second quarter and six months ended May 27, 2023. For the second quarter, the company reported sales was USD 7.44 million compared to USD 7.19 million a year ago. Net income was USD 0.214 million compared to USD 0.491 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.19 a year ago.
For the six months, sales was USD 13.63 million compared to USD 13.25 million a year ago. Net income was USD 0.158 million compared to USD 0.955 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.37 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.37 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. 
