November 18, 2019
Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced its financial results for the three and nine months ended September 30, 2019. Management will hold an investors’ conference call later today (at 10am Eastern Time) to discuss
the results.
THIRD QUARTER 2019 HIGHLIGHTS
- Revenue of $22.2 million, a 13% improvement versus the prior quarter;
- Operating income of $2.5 million versus $0.2 million in the prior quarter;
- Net income of $1.3 million, versus loss last quarter;
- EBITDA significantly improved to $3.1 million from $0.7 million in the prior quarter;
- Operating cash flow of $1.8 million contributing to the quarter-end net cash of $54.6 million;
