Welcome to our dedicated page for Paragon Technologies news (Ticker: PGNT), a resource for investors and traders seeking the latest updates and insights on Paragon Technologies stock.
Paragon Technologies, Inc. (OTC Pink: PGNT) is a diversified holding company whose news flow centers on its subsidiaries in material handling, distribution, real estate, and investments, as well as significant corporate governance developments. Company releases provide updates on operating performance in areas such as automation and distribution, commentary on expenses, and the impact of investment gains and losses on reported results.
Investors following PGNT news can find earnings announcements that summarize results for recent periods and discuss trends in distribution sales, automation margins, and cost alignment efforts. These releases also explain how unrealized and realized gains or losses from the company’s investment portfolio affect the income statement and how Paragon uses pre-tax operating income, excluding investment gains and losses, as a non-GAAP measure in its analysis.
Paragon’s news feed has also featured detailed coverage of board and governance matters, including proxy contests, annual meeting voting results, and changes in board composition. Statements from both the company and major shareholders discuss strategic plans, litigation settlements, shareholder rights agreements, and broader questions of board accountability and alignment with stockholders.
By reviewing the PGNT news page, readers can track how Paragon Technologies communicates about its material handling and distribution businesses, real estate decisions, investment activities, and governance issues over time. This historical record of press releases and shareholder letters can help investors and observers understand the company’s priorities, challenges, and responses as they evolve.
Paragon Technologies, Inc. (OTC PINK:PGNT) announced its financial results for the year ended December 31, 2020, reporting net sales of $107,998,000, down from $112,893,000 in 2019. The company achieved operating income of $5,424,000, a substantial increase from $3,090,000 the previous year. Net income attributable to the company was $3,601,000, up from $992,000 in 2019. The company also acknowledged potential negative impacts on operations due to the COVID-19 pandemic. Further analysis will be released in the upcoming annual letter to shareholders.
Paragon Technologies, Inc. (OTC Pink: PGNT) reported its financial results for the three and nine months ending September 30, 2020. Net sales decreased to $28,873,000 for Q3 2020 from $30,842,000 in Q3 2019. Net income attributable to Paragon rose to $718,000, compared to $295,000 in the prior year. While operating income increased to $1,203,000 in Q3 2020, the company highlighted a significant decrease in automation backlog entering 2021.
Despite some positives, the overall outlook remains cautious due to declining sales and backlog challenges.
Paragon Technologies, Inc. (OTC PINK:PGNT) reported its financial results for the three and six months ended June 30, 2020. For Q2 2020, net sales were $18,252,000, down from $27,252,000 in Q2 2019. Operating income increased to $895,000 from $664,000. However, total income before taxes rose to $974,000 from $555,000. The company recorded a net income of $564,000, up from $236,000 in the same quarter last year. Additionally, SI Systems received a $150,000 EIDL loan to support working capital. Paragon continues to navigate challenges posed by the pandemic.