BEAVERTON, OR – Merix Corp. released second-quarter consolidated financial results for 2009. The company suffered a net loss of $6.1 million, or $0.29 per diluted share, on revenue of $76.9 million. Included in the figure are $1.1 million of severance and a write down of assets.
 
Revenue fell 15% compared to the first quarter, focused mainly in the communications and networking end market segments. The company’s advance shipment of nearly $2.5 million in product to support Asia’s Oracle implementation adversely impacted revenue.
 
The gross margin averaged 7.8% of revenue, with North American gross margins falling over 7 points to 4.1%. Operating expenses totaled $10.3 million, and Merix produced $4.0 million of cash from second-quarter operations.