Mips : Interim report January-March 2024
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STOCKHOLM (BRAIN) — Despite some bike helmet sales growth in the Sport sub-category, MIPS' fourth-quarter net sales decreased 15% year-over-year while yearly net sales were down 37%.Net sales for the fourth quarter were SEK 91 million ($8.7 million), compared with SEK 107 million at the same time last year. Yearly net sales were SEK 357 million, compared with SEK 563 million
When exploring occupational hazards in construction, traumatic brain injuries are a key consideration and helmet advancements play a crucial role in safeguarding workers from them.
STOCKHOLM (BRAIN) — MIPS had a 32% net sales decline year-over-year in the third quarter that the helmet-technology company said was primarily because of continued weak demand in the bike sub-category.Net sales for the quarter were SEK 77 million ($6.9 million) compared with SEK 113 million at the same time last year. Net sales in the Sport category — which includes bike
STOCKHOLM (BRAIN) — MIPS will acquire 25% of sensor technology company Quintessential Design Inc. (Quin) for $7.3 million.Specializing in event detection, Quin, which manufactures a line of motorcycle helmets, has featured "sensor fusion and software" since 2018, including on some ABUS cycling helmets. Quin says its proprietary technology turns passive gear into smart gear