Intermolecular (IMI) Reports In-Line Q2 EPS; Issues Light Q3 Outlook
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Intermolecular Announces Second Quarter 2016 Financial Results
August 4, 2016 4:15 PM EDTSAN JOSE, Calif., Aug. 4, 2016 /PRNewswire/ -- Intermolecular, Inc. (NASDAQ: IMI) today reported results for its second quarter of fiscal 2016 ended June 30, 2016.
Results Highlights:
Second quarter revenue of $11.7 million, 7% year-over-year growth, 39% year-over-year program revenue growth Total cash and investments remained strong at $34.2 millionSecond Quarter Fiscal 2016 Results
Revenue for the second quarter of 2016 was $11.7 million, up 7% compared to $11.0 million in the same period a year ago. Program revenue grew significantly to $10.0 million, up 39% from the $7.3 million recorded in the second... More
Intermolecular Appoints Chris Kramer President and CEO
August 4, 2016 4:05 PM EDTSAN JOSE, Calif., Aug. 4, 2016 /PRNewswire/ -- Intermolecular, Inc. (NASDAQ: IMI), the trusted partner for advanced materials innovation, today announced that Chris Kramer has been appointed as President and Chief Executive Officer reporting to Bruce McWilliams, who will assume the role of Executive Chairman.Â
"I am thrilled to welcome Chris Kramer to the leadership team of Intermolecular. This represents a new chapter for us as Chris brings the insights and skills to help drive our future growth. Chris' wealth of knowledge and experience in semiconductor materials... More
