Magal Security Systems (MAGS) Reports Q4 Loss of $0.01 on Revenues of $26.1M

Magal Security Systems (NASDAQ: MAGS) reported Q4 EPS of ($0.01), versus $0.01 reported last year. Revenue for the quarter came in at $26.1 million, versus $23 million reported last year.

Commenting on the results, Mr. Dror Sharon, CEO of Magal, said, "We are very pleased with our performance in 2018, with revenues up by 44% and reaching an all time record high. The increase in revenues which was in great measure attributable to organic growth across the board, in all regions, consisted of a diversified mix of projects as well as products. Looking ahead into 2019, our pipeline is broad and strong, and the backlog is at a higher level than that with which we started last year. We are therefore excited with our potential ahead."

For earnings history and earnings-related data on Magal Security Systems (MAGS) click here.

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