Magal Security Systems (MAGS) Reports Q1 Loss of $0.01 on Revenues of $17.26M
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Magal Security Systems Ltd. Reports First Quarter 2018 Financial Results
May 16, 2018 8:09 AM EDTYEHUD, Israel, May 16, 2018 /PRNewswire/ --Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced its financial results for the three month period ended March 31, 2018. Management will hold an investors' conference call later today (at 10am Eastern Time) to discuss the results.
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,... More