Intricon Reports Third Quarter 2021 Results
IntriCon Corporation (IIN)
Last intricon corporation earnings: 2/24 04:39 pm
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US:NASDAQ Investor Relations:
investorrelations.intricon.com/investor-relations
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Source: GlobeNewswire
ARDEN HILLS, Minn., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Intricon Corporation (NASDAQ: IIN), an international joint development manufacturer engaged in designing, developing, engineering, manufacturing, and packaging miniature interventional, implantable and body-worn medical devices, today announced financial results for its third quarter ended September 30, 2021. Third Quarter 2021 Highlights: Revenue of $31.1 million, a 13.5% increase compared to the prior year periodGross profit margin of 23.1%, compared to 26.3% in the prior year periodGAAP net income of $337,000 versus net income of $644,000 in the prior year periodNon-GAAP adjusted net income of $1.7 million versus $2.4 million in the prior year periodCash and investment securities of $33.1 million as of September 30, 2021Completed Summative Usability Validation for self-fitting hearing aid technology clinical trial “Strong customer demand persisted in each of our core markets throughout the third quarter,
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