IRVINE, CA -- Micro-tier EMS Probe Manufacturing reported a net loss of $85,000 for the period ended June 30. The losses included interest expenses of approximately $72,000.

The electronics design and manufacturing services company had net sales of $1.02 million, up 43% sequentially. Gross profit margin increased three percentage points year-over-year to 32%.

“We are very encouraged by our quarterly results as sales increased by 43% and our gross profit margin increased to 32%," said Kam Mahdi, CEO of PMI. “We are keenly focused on driving new and organic sales, realizing cost-saving synergies through the full integration of our recent acquisition, Trident Manufacturing, and advancement of our operational efficiencies as we continue to expand our end-to-end manufacturing services and acquisitions.”

PMI guided for third-quarter revenue of $1.1 million to $1.3 million.

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