Press Releases

August 15, 2019

YEHUD, ISRAEL, August 15, 2019 -- Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced its financial results for the three and six months ended June 30, 2019.

SECOND QUARTER 2019 HIGHLIGHTS

  • Revenue of $19.7 million, 38% of which were product revenues, versus 31% of revenues in Q2 last year
  • Operating income of $0.2 million and net loss of $0.3 million
  • EBITDA of $0.7 million
  • Quarter-end net cash at $52.2 million
Read More: MAGAL SECURITY SYSTEMS LTD. REPORTS SECOND QUARTER 2019 FINANCIAL RESULTS