Ionics, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 15, 2022 at 08:32 pm
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Ionics, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 14.35 million compared to USD 15.05 million a year ago. Revenue was USD 14.35 million compared to USD 15.05 million a year ago. Net income was USD 0.768 million compared to USD 0.402 million a year ago. Basic earnings per share from continuing operations was USD 0.0009 compared to USD 0.0005 a year ago.
Ionics, Inc. is a Philippines-based holding company. The Company, through its subsidiaries, is engaged in product design and electronics manufacturing, precision-engineered plastic injection molding, core-technology venture capital investment, property holdings and management. The Companyâs subsidiaries include Ionics EMS, Inc., Ionics Properties, Inc. (IPI), Ionics Circuits, Limited (ICL) and Iomni Precision, Inc. (Iomni). Ionics EMS, Inc. offers a range of services, including original design manufacturing, engineering, supply chain management and reverse logistics in the fields of computer and peripherals, telecommunications, automotive, consumer, medical and industrial. IPI owns and manages land and buildings and other structures for the Company. ICL is engaged in venture capital investment in core technologies globally for glimpses of future techscapes. Iomni is involved in molds engineered plastic products and parts through injection with high degrees of complexity and precision.