However, in a sign of possible recovery, on a q-o-q basis, earnings is up 35.5%.
Micro-Mechanics, which makes parts for the semiconductor industry, has reported earnings of $2.7 million for its 1QFY2023 ended Sept, down 36.4% y-o-y, in line with the industry-wide slowdown.
Revenue in the same period was down 21.5% y-o-y to $15.9 million.
