Fri, Aug 1, 2014, 1:10 AM EDT - U.S. Markets open in 8 hrs 20 mins


% | $
Click the to save as a favorite.

Magal Security Systems (MAGS) Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • bengrahamvalueinvestor bengrahamvalueinvestor Nov 6, 2007 12:41 PM Flag

    Conference Call

    Operating income, including that charge, was $95,000. Operating income on a non-GAAP basis, which excludes this charge,
    totaled $1.1m compared to $1.2m operating income in the third quarter of 2006, a 39% sequential increase over the $761,000
    operating income in the second quarter of 2007.
    Operating margin for the quarter, excluding the one-time benefit charge, totaled 4.8%, compared to 7.6% in the third quarter
    last year and 5.1% in the second quarter. As noted, the margin was affected by the low-margin order to the Israeli government.
    Operating income for the nine months, excluding the charge, was $2.6m or 4.9% operating margin, up 9% compared to $2.4m
    or 5.3% operating margin in the same period last year. Operating income for the nine months, including the one-time benefit
    charge this quarter, totaled $1.6m.
    Financial expenses for the third quarter totaled $981,000, which includes approximately $700,000 of currency exchange losses
    due to the weakening of the U.S. dollar by approximately 6% against each of the new Israeli shekel and the Canadian dollar.
    Compared to the third quarter last year, by comparison, in the third quarter last year financial expenses totaled $260,000.
    Taxes on income for the third quarter of 2007 totaled $749,000, and included a tax provision for final tax assessments in the
    amount of $0.5m relating to the years 2001 to 2004. Net result for the quarter was therefore affected by the one-time
    compensation benefit as well as the tax provisions, causing us to present a net loss of $1.6m.
    Non-GAAP net loss, excluding the one-time benefit charge and tax provision, totaled $367,000. The non-GAAP net loss still
    includes the impact of the weaker dollar, which increased our financial expenses by approximately $700,000, compared to
    $623,000 net income in the third quarter of 2006 and a net income of $342,000 in the previous quarter. Diluted loss per share
    was $0.16 compared to diluted earnings per share of $0.06 in the third quarter last year.
    Net loss for the nine months, including the one-time charges in the third quarter, totaled $1m compared to a $1m net income
    in 2006. Diluted loss per share for the nine months totaled $0.10, compared with diluted earnings per share of $0.10 last year.
    Turning to the balance sheet, cash, cash equivalents, marketable securities and bank deposits as of September 30 were $27.2m.
    And now I would like to open the call for questions. Operator?

4.05-0.04(-0.98%)Jul 31 3:51 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.