Magal Security Systems (MAGS) Reports Q3 EPS of $0.05
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Magal Security Systems Reports Third Quarter 2015 Financial Results
November 24, 2015 6:02 AM ESTYEHUD, Israel, Nov. 24, 2015 /PRNewswire/ --Â Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced its financial results for the three and nine month periods ended September 30, 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.
RESULTS SUMMARY
Strong sequential revenue growth of 8% to $17 million in 2015; All time record gross margins for Magal at 49.6%; Net income of $0.9 million or $0.05 per share; Net cash at quarter-end of $30.7... More