Magal Security Systems (MAGS) Swings to Q2 Loss
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Magal Security Systems Reports Second Quarter 2016 Financial Results
August 31, 2016 6:48 AM EDTYEHUD, Israel, Aug. 31, 2016 /PRNewswire/ --Â Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced its financial results for the three and six month period ended June 30, 2016. 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
The results include the newly acquired video surveillance subsidiary, Aimetis; Revenues of $13.6 million, up 8% over the prior quarter; Increase in operating expenses primarily due to the Aimetis acquisition; Net... More