Magal Security Systems (MAGS) Reports Q3 EPS of $0.01 on Revenues of $18.3M
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Magal Security Systems Ltd. Reports Third Quarter 2020 Financial Results
November 16, 2020 8:15 AM ESTYEHUD, Israel, Nov. 16, 2020 /PRNewswire/ -- Magal Security Systems, Ltd. (NASDAQ: MAGS)Â today announced its financial results for the three and nine months ended September 30, 2020. Management will hold a conference call later today (at 10 a.m. Eastern Time) to discuss the results.
Third Quarter 2020 Results Summary (all comparisons are to the third quarter of 2019)
Revenue of $18.3 million compared to $22.2 million Gross margin 41.8% compared to 45.1% Operating income of $0.9 million compared to $2.5 million Net income attributable to Magal's shareholders of $0.6 million... More