Magal Security Systems Ltd. Reports Second Quarter 2020 Financial Results
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Magal Security Systems (MAGS) Reports Q2 EPS of $0.01 on Revenues of $16.4M
August 13, 2020 9:09 AM EDTMagal Security Systems (NASDAQ: MAGS) reported Q2 EPS of $0.01, versus ($0.01) reported last year. Revenue for the quarter came in at $16.4 million, versus $19.7 million reported last year.
Second Quarter 2020 Results Summary (all comparisons are to the second quarter of 2019)
Revenue of $16.4 million compared to $19.7 millionGross margin 44.2% compared to 42.6%Operating income of $0.8 million compared to $0.2 millionNet income attributable to Magal's shareholders of $0.2 million compared to a net loss of ($0.2) millionEBITDA of $1.3 million, or EBITDA... More