Mips Gathers Momentum in Strong Q3
The Swedish helmet technology company more than doubled profits in the third quarter to SEK 36 million ($3.5 mm) from SEK 14 million as revenues surged 60% to SEK 123 million ($11.8 mm) from SEK 77 million. Gross margin expanded by 130 basis points to 74.0%, while slightly higher OpEx leveraged easily on the soaring top line. Sports segment revenue ... Log in to view full article.
