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Aug 12, 2016 11:16 EST

Paragon Technologies News Release

Disclosure NewswireTM

iCrowdNewswire - Aug 12, 2016

 

EASTON, PA – Paragon Technologies, Inc. (OTC Pink: PGNT), a holding company, announced its results for the second quarter ended June 30, 2016 on August 12, 2016.

Paragon Technologies, Inc.’s Consolidated Statement of Operations for the three months and six months ended June 30, 2016 and 2015 are summarized below. For further detail on our results, shareholders should carefully review our quarterly report, which can found at www.pgntgroup.com.

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,
2016

 

June 30,
2015

 

June 30,
2016

 

June 30,
2015

Net Sales

 

$2,193

 

$ 2,699

 

$3,978

 

$4,446

Operating Income (loss)

 

(201)

 

237

 

(261)

 

238

Other income (expense)
Interest income
Interest expense
Gain (loss) on investment, marketable securities

 

17
(5)
50

 

5

(10)

 

23
(15)
(40)

 

9
(1)
11

Total other income (expense), net

 

62

 

(5)

 

(32)

 

19

Income (loss) before income taxes
Income tax expense (benefit)

 

139)
(56)

 

232
92

 

(293)
(118)

 

257
102

Net income (loss)

 

$(83)

 

$140

 

$(175)

 

$155 

 

Analysis of Results:

Investment gains or losses reflect realized gains or losses in the company’s investment portfolio.

Paragon utilizes pre-tax operating income, a non-GAAP financial measure, in its analysis of financial results. Paragon Technologies defines pre-tax operating earnings outside of the investment gains/losses of the Company.

About Paragon Technologies

Paragon Technologies, Inc. is a holding company with diverse business activities. Paragon’s wholly owned operating subsidiary, SI Systems, Inc., offers branded technologies and material handling solutions that serve manufacturing operations and order fulfillment applications. Operating decisions for Paragon’s operating businesses are made by the management of those businesses. All investment decisions under Paragon’s investment policy are made by Sham Gad, Chairman and CEO of Paragon pursuant to the Company’s investment management policy.

 

 

Contact Information:

Hesham M. Gad

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