![IPG PHOTONICS CORP [IPGP] posts $110.76M profit as revenue falls 99.90% to $1,429.55M](/_next/image?url=http%3A%2F%2F10kinfo-appdata.s3.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FIPGP.png&w=3840&q=75)
IPG PHOTONICS CORP [IPGP] posts $110.76M profit as revenue falls 99.90% to $1,429.55M
By USInMinutes
Published - Feb 27, 2023, 09:52 PM ET
Last Updated - Mar 06, 2023, 02:16 PM EST
| Net Sales: | $1,429.55M |
IPG PHOTONICS CORP [IPGP] posted a profit of $110.76M, marking a fall of 99.96% for this year.
Revenue fell to $1,429.55M this year compared to $1,460,860.00M in the previous year.
According to the latest annual report the company has filed with the SEC, current earnings were $110.76M, down 99.96% from $277,866.00M.
The company’s net sales for the period were $1,429.55M, down 99.90%. Net sales in the previous year were $1,460,860.00M.
