Magal Security Systems (MAGS) Reports Q1 Revenues of $6.5M
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Magal Security Systems Ltd. Reports First Quarter 2021 Financial Results
May 24, 2021 9:37 AM EDTYEHUD, Israel, May 24, 2021 /PRNewswire/ --Â Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced its financial results for the three months ended March 31, 2021. Management will hold an investors' conference call later today (at 10 am Eastern Time) to discuss the results.
FIRST QUARTER 2021 HIGHLIGHTS:
Entered into an asset and share purchase agreement for the sale of the Integrated Solutions division to Aeronautics Ltd. for $35 million (closing expected in June 2021), representing value of $1.51 per share; accordingly, Magal's Integrated Solutions division results are excluded from results from... More