IntriCon Reports First Quarter 2020 Results
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Intricon Corporation (IIN) Misses Q1 EPS by 13c, Revenues Miss
May 19, 2020 4:16 PM EDTIntricon Corporation (NASDAQ: IIN) reported Q1 EPS of ($0.22), $0.13 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $21.5 million versus the consensus estimate of $23.28 million.
First Quarter Financial Highlights:
Revenue of $21.5 millionRevenue from largest medical customer declined 21.2% year-over-yearGross margin of 21.3%Net loss per diluted share of $0.22 versus net income of $0.08 per diluted share in the prior year periodEnacted measures designed to ensure business continuity, reduce operating expense, and preserve cash as the ongoing COVID-19 pandemic impacts revenueRecent Operational... More
