France's MEMSCAP Q2 revenue rises on aerospace and medical strength
France's MEMSCAP Q2 revenue rises on aerospace and medical strength
Overview
France pressure sensor maker's Q2 revenue rose 19.9% yr/yr, driven by aerospace and medical growth
Q2 adjusted EBITDA and net profit rose sharply, reflecting improved profitability
Gross margin improved from Q1 but was lower yr/yr due to foreign exchange effects
Outlook
MEMSCAP expects ramp-up of Engine Control and Fluidic Systems to broaden revenue base
Company says macroeconomic uncertainty and FX volatility remain factors for future performance
Result Drivers
AEROSPACE DEMAND - Co said aerospace business remained largest contributor, supported by continued robust demand
MEDICAL SEGMENT GROWTH - Co said medical segment revenue rose 78.8% yr/yr, driven by sustained demand in invasive blood pressure monitoring
OPTICAL COMMUNICATIONS DELAYS - Co said optical communications revenue fell yr/yr due to temporary shipment delays from industrial transition and qualification activities
Company press release: ID:nBw2kWZlXa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income |
| EUR 442,000 |
|
Q2 Adjusted EBITDA |
| EUR 643,000 |
|
Q2 Gross Margin |
| 40.00% |
|
Q2 Operating Expenses |
| EUR 1.12 mln |
|
Q2 Revenue |
| EUR 3.64 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the semiconductors peer group is "buy."
Wall Street's median 12-month price target for Memscap SA is €6.00, about 26.8% above its July 27 closing price of €4.73
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)