Magal Security Systems (MAGS) Reports Q2 Loss of $0.14/Share
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Magal Security Systems Ltd. Reports Second Quarter 2017 Financial Results
August 31, 2017 9:05 AM EDTYEHUD, ISRAEL, August 31, 2017 /PRNewswire/ --
Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced its financial results for the three and six month period ended June 30, 2017. Management will hold an investors' conference call later today (at 9:30am Eastern Time) to discuss the results.
SECOND QUARTER RESULTS SUMMARY
Revenue of $13.3 million with gross margin of 50.2%; Â Incurred non-cash financial-expense of $1.3 million; Net loss of $3.3 million in the quarter, EBITDA loss of $1.2 million; Net cash and equivalents of $47.9 million at... More