BEAVERTON, OR – Merix Corp. reported first-quarter sales for fiscal 2010 down 36% from last year to $57.8 million. Sales slipped just 2% sequentially.
For the quarter ended August 29, net loss was $8.2 million, compared to $2.1 million last year and $8.4 million last quarter. This included nearly $1.6 million in non-recurring expenses.
Book-to-bills for the quarter were 1.03 in North America and 1.16 in Asia. Backlog grew by nearly $4 million.
Gross margins averaged 6.1% of revenue, compared to 11.3% last year and 8.5% last quarter.