MEMSIC Inc. announced two new dual-axis acceleration sensors for automotive Vehicle Stability Control (VSC) and other critical safety applications. The MXP7205VF and MXP7205VW are MEMSIC's most accurate +/-5g XY and XZ acceleration sensors achieving better than +/-30mg of zero-g offset stability from-40C to 105C. The National Highway Traffic Safety Administration (NHTSA) requires VSC systems to be present on all cars, truck and busses destined for the US market by the year 2012 and the European Commission has confirmed a similar proposal. Millions of MEMSIC acceleration sensors with analog outputs have been deployed into VSC equipped cars and trucks already. Now engineering teams working to meet governmental VSC requirements can design next generation VSC systems with a fully automotive qualified, road-proven sensor technology with an SPI(TM)-compatible interface. With the introduction of the MXP7205 accelerometers, MEMSIC is addressing customer demand for higher accuracy and sensor interface choices in VSC applications.

MEMSIC Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $52,000 on a GAAP basis, compared to net income of $131,122 or $0.01 per diluted share in the third quarter of 2008. On a non-GAAP basis, which excludes stock-based compensation charges of $0.3 million, the company's net income was $390,000, or $0.02 per diluted share against non-GAAP net income was $452,000 or $0.02 per diluted share, which excludes stock-based compensation charges of $0.3 million, a year ago. The company reported net sales of $7,067,583, operating loss of $172,980, and earnings before income taxes of $100,993 compared to net sales of $5,015,422, operating loss of $766,344, and loss before income taxes of $33,372 a year ago. For the nine months, the company reported net income of $800,430 or $0.03 per diluted share on net sales of $22,759,693, operating income of $316,994, and earnings before income taxes of $1,089,451 compared to net income of $235,014 or $0.01 per diluted share on net sales of $14,877,460, operating loss of $2,047,927, and earnings before income taxes of $45,377 a year ago. For the fourth quarter of 2009, the company anticipates revenue in the range of $5.5 million to $6.0 million. Net loss on a GAAP basis is expected to be in the range of $0.05 to $0.03 per share. Non-GAAP net loss, which excludes approximately $0.4 million in stock-based compensation expenses, is anticipated to be in the range of $0.04 to $0.02 per diluted share.

MEMSIC, Inc. expected to Report Fiscal Year 2009 Results on March 8, 2010. This event was calculated by Capital IQ (Created on October 30, 2009).