May 21, 2019
YEHUD, ISRAEL -- Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced its financial results for the three months ended March 31, 2019.
FIRST QUARTER 2019 HIGHLIGHTS
- Revenue of $21.2 million, up 23% year over year;
- Operating income of $0.5 million versus $33 thousand in same quarter last year;
- Net loss of $0.7 million
- EBITDA of $1.0 million, up 96% year-over-year;
- Quarter-end net cash at $52.8 million;
