IMI reports lower Q1 loss of $745K

By Ed Paolo Salting

May 03, 2023 12:28 am

AYALA-LED Integrated Micro-Electronics Inc. managed to trim its losses to $749,000 in the first quarter of 2023 from $2 million a year earlier.

Although the manufacturing industry was still feeling the effects of a component shortage, modest improvements in lead times and purchase price variances contributed to bottomline improvement, IMI said.

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