(News Bulletin 247) – Memscap, a manufacturer of high-precision sensors, unveiled results on Thursday above expectations for the first quarter, thanks in particular to the dynamism of its activity in aeronautics.
The action of the Grenoble group took 10% following this publication, which brings to more than 130% its progression since the beginning of the year.
Its consolidated revenue from continuing operations amounted to 3.7 million euros over the first three months of the year, against 2.3 million a year earlier, an increase of 60.8%.
Its quarterly EBITDA came to 741,000 euros over the quarter, compared to
266,000 euros for the first quarter of 2022, for an operating profit of 505 thousand euros, to be compared with a profit of 31,000 euros a year earlier.
In a note of reaction, the analysts of Euroland evoke a “spectacular” growth and figures located well above their expectations.
The brokerage firm, which reiterates its recommendation to buy the stock, indicates that it has raised its price target for the stock from 4.15 to 5.10 euros.
Despite the strong revaluation of its share price, Euroland says it considers current levels to be an interesting entry point in view of the company’s growth and profitability prospects.
Memscap manufactures high precision and high stability pressure sensors for the aeronautics and medical sectors, but also variable attenuators (VOA) for optical communications.
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