Micropac Industries Inc Reports Q3 2023 Net Loss of $530 Thousand

MICROPAC INDUSTRIES INC [MPAD], a leading technology company, has reported a net loss of $530 thousand for the third quarter of 2023. This represents a decrease in profitability compared to the same quarter last year. The company's quarterly revenue stood at $6.5 million, reflecting a slight decline in sales.

Financial Performance

Despite the net loss, Micropac Industries Inc has shown resilience in its financial performance. The operating income for the quarter was -$589 thousand, indicating a decrease compared to last year. However, the company has managed to maintain a stable financial position.