October 31, 2007 — Small Times’ report of Tronics’ fifth-consecutive-quarter net profit announcement has drawn a response (read the full letter) from Chris Lumb, CEO of rival Micralyne Inc. “I am writing to let you know that Tronics’ profitability claim . . . is wrong: it is not the first pure play contract manufacturer of advanced MEMS devices to achieve consistent profitability,” noted Lumb.
Lumb continued by pointing out that Micralyne, a MEMS developer and manufacturer in Alberta, Canada, has been in operation for 10 years. “During that time we have had profitable GAAP net income every year but one (2004),” he said, stating that revenues have approximately quintupled in the same space of time.
“In the last three years our revenue has more than doubled, we remain profitable, and we are expecting continued profitable growth for the foreseeable future. We generate our revenues primarily from manufacturing products in volume for our OEM customers, and we also add significant value to our customers by doing extensive test and assembly, and process characterization and optimization.”