Magal Security Systems (MAGS) Reports Q1 Loss of 3c/Share
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Magal Security Systems Reports First Quarter 2015 Financial Results
May 26, 2015 6:00 AM EDTYAHUD, Israel, May 26, 2015 /PRNewswire/ --Â Magal Security Systems, Ltd. (NASDAQ NMS: MAGS) today announced its financial results for the three month period ended March 31, 2015. Management will hold an investors' conference call later today, at 10:00 a.m. Eastern Time and 5:00 p.m. Israel time, to discuss the results.
FIRST QUARTER 2015 RESULTS SUMMARY
Revenues for the first quarter of 2015 were $11.8 million, a decrease of 6% compared with revenues of $12.5 million in the first quarter of 2014.
Gross profit in the first quarter of 2015 was $4.4 million, or 37.7% of... More
