Disclosure NewswireTMiCrowdNewswire - 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
Operating Income (loss)
Other income (expense)
Total other income (expense), net
Income (loss) before income taxes
Net income (loss)
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.