Quarterly Income Development of Greater Than 19% Mirroring the Dynamism of Avionics and also Medical Companies

January 25, 2023

Quarterly operating success of proceeding procedures of 7%

Quarterly EBITDA from proceeding procedures of 0.4 million euros

Quarterly internet revenue of 1.7 million euros

Finalisation of the FABLITE program changing the success account of MEMSCAP

Anticipated augmentation of the development energy

GRENOBLE, France, January 25, 2023–( COMPANY CORD)– Regulatory Information:

MEMSCAP (NYSE Euronext: MEMS), leading service provider of high-accuracy, high-stability stress sensing unit remedies for the avionics and also clinical markets utilizing MEMS 1 innovation, today revealed its incomes for the 4th quarter finishing December 31, 2022.

Evaluation of the combined earnings declaration

According to IFRS 5 “Non-current possessions held to buy and also terminated procedures”, profits from the United States procedures was omitted from profits from proceeding procedures and also consisted of in the combined earnings declaration using the loss after tax obligation from terminated procedures. Consolidated profits for the 4th quarter of 2022 omitting United States procedures totaled up to 2.7 million euros (2.8 million United States bucks) contrasted to 2.3 million euros (2.6 million United States bucks) for the 4th quarter of 2021. Consisting of sales from terminated procedures, combined profits totaled up to 3.0 million euros (3.1 million United States bucks) over the 4th quarter of 2022.

Consolidated profits circulation by market sector, over the 4th quarter of 2022 and also offered according to IFRS 5, is as complies with:

Market sections/ Income
( In million euros)– Non-audited

Q1 21

( Reiterated)

Q2 21

( Reiterated)

Q3 21

( Reiterated)

Q4 21

( Reiterated)

Q4 21

%

Q1 22

Q2 22

Q3 22

Q4 22

Q4 22
%

Aerospace

0.9

1.4

1.4

1.6

71%

1.7

1.8

1.4

1.8

68%

Clinical

1.2

0.6

0.6

0.6

27%

0.6

0.4

0.6

0.8

30%

Others

0.0

0.0

0.1

0.0

2%

0.0

0.0

0.1

0.0

1%

Complete profits from proceeding procedures

2.2

2.0

2.1

2.3

100%

2.3

2.3

2.1

2.7

100%

Income from terminated procedures

— IFRS 5 (United States procedures)

0.6

0.6

0.8

0.8

0.4

0.7

0.4

0.3

( Any type of noticeable inconsistencies in overalls are because of rounding. According to IFRS 5, things connected to the 2021 fiscal year were reiterated in order to existing relative info for terminated procedures.)

MEMSCAP’s combined incomes for the 4th quarter of 2022, and also offered according to IFRS 5, are provided within the adhering to table:

In million euros — Non-audited

Q1 21

( Reiterated)

Q2 21

( Reiterated)

Q3 21

( Reiterated)

Q4 21

( Reiterated)

Q1 22

Q2 22

Q3 22

Q4 22

Income from proceeding procedures

2.2

2.0

2.1

2.3

2.3

2.3

2.1

2.7

Price of profits

( 1.1 )

( 1.2 )

( 1.2 )

( 1.4 )

( 1.4 )

( 1.4 )

( 1.2 )

( 1.6 )

Gross margin

1.0

0.8

0.9

0.9

0.8

0.9

0.8

1.1

% of profits

49%

39%

43%

39%

37%

38%

41%

41%

Operating costs *

( 0.8 )

( 0.7 )

( 0.8 )

( 0.8 )

( 0.8 )

( 0.9 )

( 0.8 )

( 0.9 )

Operating revenue/ (loss)

0.3

0.1

0.1

0.1

0.0

( 0.0 )

0.0

0.2

Economic revenue/ (loss)

( 0.0 )

( 0.0 )

( 0.0 )

( 0.0 )

( 0.1 )

0.2

0.0

( 0.1 )

Revenue tax obligation expenditure

( 0.0 )

( 0.0 )

( 0.0 )

0.0

0.0

( 0.0 )

( 0.0 )

( 0.0 )

Internet revenue/ (loss) from proceeding procedures

0.3

0.0

0.1

0.1

( 0.0 )

0.1

0.0

0.1

Revenue/ (loss) after tax obligation from terminated procedures

( 0.4 )

( 0.1 )

( 0.2 )

( 0.2 )

( 0.4 )

( 0.3 )

( 0.1 )

1.6

Internet revenue/ (loss)

( 0.1 )

( 0.1 )

( 0.1 )

( 0.0 )

( 0.4 )

( 0.1 )

( 0.1 )

1.7

( Any type of noticeable inconsistencies in overalls are because of rounding. According to IFRS 5, things connected to the 2021 fiscal year were reiterated in order to existing relative info for terminated procedures.)

* Internet of research study & & growth gives.

* * *

( According to IFRS 5, things connected to the 2021 fiscal year were reiterated to existing relative info for terminated procedures pertaining to the Team’s United States procedures.)

The avionics sector, the Team’s biggest service, stood for 68% of the overall profits from proceeding procedures in the 4th quarter of 2022. Avionics and also clinical companies revealed particular development of +14% and also +34% contrasted to the 4th quarter of 2021.

The Team’s gross margin price stood at 41% of combined sales contrasted to 39% for the 4th quarter of 2021.

The quantity of operating costs at 0.9 million euros for the 4th quarter of 2022 continued to be according to the previous quarters.

The Team consequently reported combined operating benefit from proceeding procedures at 0.2 million euros the 4th quarter of 2022 contrasted to a combined operating revenue at 0.1 million euros for the 4th quarter of 2021. After thinking about the combined economic earnings and also the deferred tax obligation expenditure, the Team uploaded quarterly internet benefit from proceeding procedures at 0.1 million euros for the 4th quarter of 2022, comparable total up to the 4th quarter of 2021.

Consisting of the resources gain pertaining to the sale of the factory service possessions (Personalized items) of the Team’s United States subsidiary (FABLITE program), the combined quarterly internet revenue stood at 1.7 million euros compared to break-even internet incomes for the 4th quarter of 2021.

EBITDA from proceeding procedures totaled up to +0.4 million euros for the 4th quarter of 2022, hence +1.4 million euros for the fiscal year 2022. On December 31, 2022, the Team reported offered cash money at 5.5 million euros consisting of cash money financial investments (Company bonds/ financial investment safety and securities) tape-recorded under non-current economic possessions for a quantity of 1.3 million euros.

* * *

Finalisation of the FABLITE program

As formerly revealed, MEMSCAP finished in December 2022 the sale of its possessions connected to the factory service (Personalized items). These possessions, formerly held by the Team’s United States subsidiary, consists of the United States manufacturing plant, groups, tools, modern technologies and also relevant clients.

As a component of this offer, MEMSCAP went into in a calculated supply arrangement for variable optical attenuators (VOA) with the acquirer of the factory service and also settled the execution of its VOA fabless organisation.

Following this brand-new commercial organisation, MEMSCAP keeps the style and also the circulation of the VOA and also completely contracts out the production of these items committed to the optical interactions market.

* * *

Evaluation and also viewpoints

The 2022 fiscal year seems a significant action in the background of MEMSCAP. The conclusion of the FABLITE tactical program within intended due date, deeply changes the Team’s success account.

MEMSCAP is currently mostly placed in the avionics and also clinical companies. In parallel, the Team ought to dramatically enhance its success in the optical interactions service many thanks to the brand-new fabless company.

Over the coming fiscal year, MEMSCAP ought to gain from its financial investments in R&D, the augmentation of its advertising and marketing task and also the energy of its high value-added markets and also hence, expects a development of its procedures.

* * *

FY 2022 economic declarations: March 29, 2023.

Concerning MEMSCAP

MEMSCAP is a leading service provider MEMS 1 based stress sensing units, best-in-class in regard to accuracy and also security (really reduced drift) for 2 market sections: aerospace and also clinical.

MEMSCAP additionally supplies variable optical attenuators (VOA) for the optical interactions market.

MEMSCAP ended up being the initial detailed MEMS business worldwide in March 2001.

1 Micro Electro Mechanical Equipments

For additional information, see our web site at:

www.memscap.com

MEMSCAP est cotée sur Euronext Paris ™
Compartiment C – Code ISIN: FR0010298620 MEMS

Sight resource variation on businesswire.com: https://www.businesswire.com/news/home/20230124005991/en/

Get In Touches With

Yann Cousinet
Principal Financial Policeman
Ph.: +33 (0) 4 76 92 85 00
[email protected]

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