Richardson Electronics Reports Third Quarter Fiscal 2021 Net Income of $0.2 Million and Non-GAAP Net Income* of $1.8 Million; Declares Quarterly Cash Dividend
Healthcare, PMG and Semiconductor Wafer Fab Revenues Grow Versus Q3 FY20; Higher ALTA750™ Tube Sales Q3 and FY21 Highlights Net sales of $45.2 million were up 18.3% from last year’s third quarter and up 6.6% over the second quarter of fiscal 2021.Sales increased for Healthcare, PMG and Semiconductor Wafer Fabrication Equipment products in the third quarter of fiscal 2021 versus the third quarter of fiscal 2020.Gross margin improved to 34.9% of net sales for the third quarter of fiscal 2021 versus 33.1% of net sales in the prior year’s third quarter due to a favorable product mix.Operating expenses increased $2.8 million to $15.5 million compared to the prior year’s third quarter. This inc
