Mips Rebounds in Second Quarter
After a difficult Q1, the Swedish helmet technology company’s profits doubled to SEK 40 million ($3.7 mm) from SEK 20 million a year ago, on 31% higher revenues of SEK 133 million ($12.5 mm) up from SEK 102 million. Gross margin expanded by 290 basis points to 72.9%, helped by fixed costs leverage. Mips said that ... Log in to view full article.
