Aston, PA (ACCESSWIRE) August 13, 2021 Paragon Technologies, Inc.
Paragon Technologies, Inc. A three- and six-month summary of the June 30, 2021 and 2020 worksheets is summarized below. For more detailed information on our results, shareholders should carefully review our quarterly report at www.pgntgroup.com.
|
Three months are over |
Six months are over |
|||||||||||||||
|
June 30, |
June 30, |
June 30, |
June 30, |
|||||||||||||
|
(Thousands) |
2021 |
2020 |
2021 |
2020 |
||||||||||||
|
Net sales |
$ |
32,823 |
$ |
18,252 |
$ |
64,187 |
$ |
47,846 |
||||||||
|
Operating income |
1,462 |
895 |
2,160 |
1,838 |
||||||||||||
|
Other income (expenses) |
||||||||||||||||
|
Interest income |
– |
3 |
6 |
7 |
||||||||||||
|
Interest expense |
(84 |
) |
(131 |
) |
(172 |
) |
(388 |
) |
||||||||
|
Employee Retention Credit |
– |
– |
138 |
– |
||||||||||||
|
Profit from investment |
||||||||||||||||
|
Market Guarantees |
51 |
41 |
(394 |
) |
44 |
|||||||||||
|
Loss of investment |
||||||||||||||||
|
Guarantees of equity |
58 |
156 |
82 |
(66) |
) |
|||||||||||
|
Find selling real estate |
2018-05-01 |
– |
2018-05-01 |
– |
||||||||||||
|
Sorry for the PPP loan |
– |
10 |
– |
10 |
||||||||||||
|
Make money |
18 |
– |
17 |
– |
||||||||||||
|
Total Other Income (Expenditure) |
44 |
79 |
(322) |
) |
(393) |
) |
||||||||||
|
Pre-tax income and uncontrolled |
1,506 |
974 |
1,838 |
1,445 |
||||||||||||
|
Interest |
||||||||||||||||
|
Income tax expenditure |
610 |
358 |
865 |
530 |
||||||||||||
|
Net income before uncontrolled interest |
896 |
616 |
973 |
915 |
||||||||||||
|
Net income due to non-regulation |
||||||||||||||||
|
Interest |
118 |
52 |
207 |
69 |
||||||||||||
|
Net income for Paragon Technologies, Inc. And sub-organizations |
$ |
778 |
$ |
564 |
$ |
766 |
$ |
846 |
||||||||
Results Analysis and General Business Commentary –
A.D. New Accounting Regulations for 2018 All companies must record losses or profits not included in the income statement.
Paragon’s investment gains or losses reflect profits or losses in the company’s investment portfolio.
Paragon uses pre-tax income, non-GAAP, in financial analysis. Paragon Technologies describes pre-tax earnings outside of the company’s investment profit.
On December 31, 2020, the World Health Organization (WHO) declared a pandemic (COVID-19) pandemic. The effects of COVID-19 can have a negative impact on the company’s operations. New information about the severity of COVID-19 and the steps taken to capture COVID-19 or its actions will depend on future developments that COVID-19 may affect the company’s results. Influence among other factors.
About Paragon Technologies
Paragon Technologies, Inc. It is a company that owns sub-companies involved in a variety of business activities, including material handling, distribution, real estate and investment.
A cautious note regarding future statements
This press release The Securities and Exchange Act of 1995 contains forward-looking statements in the “Safe Harbor” provisions. These forward-looking statements relate to the Company’s operations, financial situation and performance and are largely based on the Company’s beliefs and expectations. These statements include known and unknown risks, uncertainties, and other factors that constitute the Company’s actual results, performance or achievements, or industrial results from any future results, performance, or achievements described in such forward-looking statements. Such causes and risks are related to others – general economic conditions, including those in the markets in which the company operates, the ability to expand the company’s revenue streams; Technological changes in the company’s industry; Continued acceptance of the company’s distribution channel by suppliers and customers; Decreased demand for the company’s products and services and the company’s ability to retain or replace significant customers; Factors affecting the capital market and overall prices; Economic and political risks of selling products overseas, cyber security risks, and disruption of information technology systems, including disobedience to US and foreign laws and regulations; And the Company’s ability to complete procurement, strategic investments, transfers, mergers or other transactions on acceptable terms or never. New risk factors emerge from time to time, and management cannot predict all such risk factors, nor can management assess the impact of all of these factors on the company’s business or any factor or combination of factors. It may make them physically different from the actual results of any future statements. Except for historical statements, all statements in this press release are forward-looking statements. The Company does not and does not take any responsibility for updating any future statements made in this press release. Readers are cautioned not to place unreasonable reliance on future statements from this press release only.
Contact the company at info@pgntgroup.com for more information.
Source: Paragon Technologies Inc.
See source version on accesswire.com:
https://www.accesswire.com/659747/Paragon-Technologies-News-Rlease