IntriCon net sales down slightly YoY

IntriCon Corporation (NASDAQ: IIN) reported for the 2016 third quarter net sales of USD16.0 million, compared to USD17.3 million in the prior-year period, the company said.

IntriCon posted a net loss attributable to shareholders of (USD1,304,000), or (USD0.19) per share, versus net income attributable to shareholders of USD628,000, or USD0.10 per diluted share, for the 2015 third quarter.

Gross profit margins were 22.9 percent compared to 26.7 percent in the prior-year third quarter. The decrease was primarily due to a less favorable sales mix and slightly lower revenue.

Headquartered in Arden Hills, Minnesota, IntriCon Corporation designs, develops and manufactures miniature and micro-miniature body-worn devices. These advanced products help medical, healthcare and professional communications companies meet the rising demand for smaller, more intelligent and better connected devices. IntriCon has facilities in the United States, Asia, the United Kingdom and Europe.