Micron Solutions, Inc. Reports 2020 Second Quarter Results

Safe Harbor Statement

Forward-looking statements made herein, including but not limited to, our relationships with our customers and the duration and effect of Covid-19 on our results of operations and business are based on current expectations of Micron Solutions, Inc. (“our” or the “Company”) that involve a number of risks and uncertainties and should not be considered as guarantees of future performance. The factors that could cause actual results to differ materially include our ability to obtain and retain order volumes from customers who represent significant proportions of net sales; our ability to maintain our pricing model, offset higher costs with price increases and/or decrease our cost of sales; variability of customer delivery requirements; the level of and ability to generate sales of higher margin products and services; our ability to manage our level of debt and provisions in the debt agreements which could make the Company sensitive to the effects of economic downturns and limit our ability to react to changes in the economy or our industry; failure to comply with financial and other covenants in our credit facility; the impact on the Company’s financial results due to economic uncertainty and disruption including, but not limited to, recent events concerning COVID-19; changes to regulations governing the forgiveness of the Company’s PPP Loan; reliance on revenues from exports and impact on financial results due to economic uncertainty or downturns in foreign markets; volatility in commodity and energy prices and our ability to offset higher costs with price increases; continued availability of supplies or materials used in manufacturing at competitive prices; variations in the mix of products sold; continued availability of supplies or materials used in manufacturing at competitive prices;  the amount and timing of investments in capital equipment, sales and marketing, engineering and information technology resources; the ability to close and the timing of any such closing of the sale-lease back transaction.  More information about the Company's financial results is included in the Company's most recent Annual Report on Form 10-K, and the Company’s Quarterly Report for the period ending June 30, 2020, which is posted at https://www.otcmarkets.com/stock/MICR/ and https://micronsolutions.com/. 

For more information, contact:

Mr. Wayne Coll
Chief Financial Officer
978.345.5000

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