Revenue Growth: MLAB reported revenues of $57.83 million, up 8.78% YoY but down 0.58% QoQ.
Gross Profit: The gross profit for the quarter reached $35.46 million with a gross profit margin of 61.31%, which represents a 10.42% increase YoY, indicating improved product mix and cost control.
Operating Income: Operating income of $3.51 million displayed a massive YoY increase of 5,946.67%, reflecting previous cost-cutting measures. However, this showed a decline of 37.13% from the previous quarter.
Net Income: The net income increased significantly to $3.43 million, marking a 378.70% growth YoY, which points to enhanced profitability strategies.
Earnings Per Share: The diluted EPS surged to $0.63, a staggering increase of 373.91% compared to last year, indicating strong earnings capability relative to the number of shares outstanding.