Welcome to our dedicated page for Roundhill Magnificent Seven ETF news (Ticker: MAGS), a resource for investors and traders seeking the latest updates and insights on Roundhill Magnificent Seven ETF stock.
The Roundhill Magnificent Seven ETF (MAGS) appears regularly in Roundhill Investments’ public announcements as a key part of the firm’s growth story. Roundhill, an ETF sponsor focused on innovative financial products, has pointed to MAGS when reporting major assets under management milestones across its ETF lineup. In these updates, the firm has described MAGS as one of the funds with the most significant net inflows within its range of thematic and income-focused ETFs.
News coverage about MAGS often arises in the context of Roundhill’s corporate and product developments. For example, Roundhill has announced an exchange listing transfer for MAGS from Nasdaq to Cboe BZX, explaining that the change was not expected to require shareholder action or affect the trading of fund shares. MAGS has also been featured in Roundhill’s communications about industry recognition, including an announcement that the ETF was named "Best New ETF" at the 2024 ETF.com Awards.
Investors following MAGS-related news can expect updates tied to firm-wide asset milestones, fund-level accolades, and listing or structural changes communicated by Roundhill. These items provide context on how the sponsor positions MAGS within its broader suite of exchange-traded funds, which spans thematic equity, options income, and trading vehicles. For those researching the MAGS ticker, the news flow offers insight into how the ETF is discussed by its sponsor in terms of growth, recognition, and platform evolution.
Because Roundhill emphasizes that investing involves risk and that investors should consult each fund’s prospectus, news about MAGS is best viewed alongside the formal fund documentation. Monitoring this news page can help investors see how Roundhill’s commentary on MAGS evolves as the firm reports new milestones or structural updates affecting the ETF.
Senstar Technologies Ltd. has launched the Senstar TC200, an advanced thermal-visible dual-video detection camera designed for outdoor security. This smart camera provides accurate intruder detection with low false alarms and features on-board video storage, LED illumination, and video analytics. It is set to be available in 30 European countries starting October 2021. The TC200 enhances perimeter security by integrating with the Senstar Symphony platform, allowing for comprehensive security solutions.
Senstar Technologies, previously known as Magal Security Systems, has declared a cash distribution of $1.725 per share, totaling approximately $40 million. This distribution is approved by shareholders and will be paid on September 22, 2021, to shareholders recorded by August 31, 2021. The ex-dividend date is set for September 23, 2021. Shareholders should be aware that a 25% withholding tax on the distribution will apply under Israeli tax law. Senstar focuses on security solutions and has shifted its business model following the sale of its project division for $35 million.
Senstar Technologies (NASDAQ: MAGS) reported strong financial results for Q2 2021, achieving a 30.9% increase in revenue to $10.1 million and a gross margin improvement of 270 basis points to 69.8%.
Income from continuing operations rose 35% to $0.7 million, with EBITDA from continuing operations increasing 95% to $2.5 million. The company ended the quarter with $50.5 million in cash and no debt.
Management expects continued revenue growth and high profitability for the remainder of 2021.
Senstar Technologies, known legally as Magal Security Systems, will announce its Q2 2021 financial results on August 12, 2021, following the conclusion of the quarter on June 30, 2021. A conference call is scheduled for 10:00 a.m. Eastern Time to discuss the results, and participants are encouraged to connect 10 minutes early using conference ID 13721723. Following the call, a replay will be available from August 12, 2021 to August 26, 2021. Senstar specializes in security products and solutions, having recently sold its project division for $35 million.
Senstar Technologies (NASDAQ: MAGS) has appointed Tomer Hay as its new CFO, succeeding Yaacov Vinokur, who held the position since 2016. Tomer Hay has been with the company since 2012, progressing from Corporate Controller to VP Finance. He brings over 17 years of experience in financial management, including M&A and restructuring. The change comes after the sale of Senstar's project division for approximately $35 million on June 30, 2021, allowing the company to focus on security products and solutions, enhancing its scalable business model.
Magal Security Systems (NASDAQ: MAGS) has successfully completed the divestiture of its Integration Solutions Division to Aeronautics Ltd. for $35 million in cash as of June 30, 2021. This strategic move aligns with Magal's focus on enhancing its core security product offerings. Following the divestiture, the company plans to change its name to Senstar Technologies Ltd. to better reflect its product-centric strategy. CEO Dror Sharon indicates this transition will strengthen the balance sheet and support future growth opportunities.
Magal Security Systems (NASDAQ: MAGS) announced a multi-million dollar contract awarded to its Senstar division for an integrated perimeter security system at a major Asian airport. This contract involves expanding an existing security system over tens of kilometers, featuring advanced intrusion detection technologies and software integration with current security infrastructure. CEO Dror Sharon emphasized that Senstar's innovative technology distinguishes it from competitors and supports the company's growth strategy in various sectors, including energy and logistics.
Magal Security Systems, Ltd. (NASDAQ: MAGS) reported Q1 2021 revenue of $6.5 million, a 14.2% decline from $7.6 million in Q1 2020, impacted by COVID-19 restrictions. The gross margin decreased to 62.1%, down from 64.8% year-over-year. The operating loss widened to $681,000 compared to a loss of $214,000 in the previous year. The net loss attributable to shareholders was $2.0 million, or $0.09 per share, including a $1.2 million loss from discontinued operations. A strong cash position of $25.9 million per share was noted, with a focus on Senstar's growth post-divestiture of the Integrated Solutions division for $35 million.
Magal Security Systems (Nasdaq: MAGS) will report its 2021 first-quarter financial results on May 24, 2021. The management plans to hold a conference call at 10:00 a.m. Eastern Time. Participants are encouraged to dial in 10 minutes early, using conference ID 13719269. A live webcast of the call can be accessed online, with a replay available from May 24 to June 7, 2021. Magal specializes in comprehensive security solutions, with over 45 years of industry experience.
Magal Security Systems, Ltd. (Nasdaq: MAGS) filed its annual report with the U.S. Securities and Exchange Commission, including audited financial statements for the year ended December 31, 2020. This report updates certain unaudited financial figures previously released on April 6, 2021. Shareholders can access the report on the company's website and request a hard copy. Notably, Magal is selling its Integrated Solutions Division to Aeronautics Ltd. for approximately $35 million, expected to close by the end of Q2 2021, pending regulatory approvals.
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