Magal Security Systems Ltd. Reports First Quarter 2018 Financial Results
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Magal Security Systems (MAGS) Reports Q1 Loss of $0.01 on Revenues of $17.26M
May 16, 2018 8:19 AM EDTMagal Security Systems (NASDAQ: MAGS) reported Q1 EPS of ($0.01). Revenue for the quarter came in at $17.26 million.
First Quarter Results Summary
Strong growth in first quarter revenue to $17.3 million, up 20% year-over-year.Significant improvement in operating expenses: a 9% reduction year-over-year.Net loss of $0.2 million, or $0.01 per share, an improvement compared with a net loss of $3.7 million, or... More