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 (OTC PINK:PGNT) has announced an upcoming investor update call scheduled for November 21, 2024, at 4:00 p.m. EDT. The call will review the company's third quarter performance for the period ending September 30, 2024. Participants can pre-register to receive a unique PIN for immediate access, or join via provided toll-free and international dial-in numbers. A replay will be available on the company's website's Investor Relations section.
Paragon Technologies, Inc. (OTC PINK:PGNT) has released its financial results for the three and six months ended June 30, 2024. The company, which operates as a holding company, made this announcement on August 9, 2024. Paragon has provided a Consolidated Statement of Operations comparing the periods ended June 30, 2024, and 2023.
Key points from the release include:
- Shareholders are advised to review the detailed quarterly report available at www.pgntgroup.com
- The company's investment gains or losses reflect realized changes in its investment portfolio
- Paragon uses pre-tax operating income, a non-GAAP measure, in its financial analysis
- Pre-tax operating earnings are defined separately from the company's investment gains/losses
The release also notes that since 2018, new accounting rules require companies to record unrealized losses or gains from equity investments in the income statement.
Paragon Technologies, a major shareholder of Ocean Power Technologies (OPTT), has expressed serious concerns about OPT's refusal to engage in good faith discussions regarding a $3 million investment offer. Paragon proposed this investment in April 2024, which included dropping existing lawsuits against OPT. However, OPT's Board has made unreasonable demands and continues to issue vague press releases about partnerships and testing studies that lack clear financial impact.
OPT's recent SEC filing claimed it would achieve positive cash flow in 2025, but without specific accountability. Despite increased trading volume, OPT's share price has dropped by 50% over the past three months and over 90% since 2021. Paragon criticizes OPT for diluting shareholders by selling additional shares at low prices while failing to deliver transparent financial information. Paragon urges OPT's CEO to address the company's true financial state and the impact of recent actions on achieving profitability.
Paragon Technologies, Inc. reported its results for the first quarter of 2024. The company's net sales increased to $31,521, with operating income at $534. However, it experienced a net loss of $(53) due to investment gains/losses. Shareholders can find detailed information in the quarterly report on the company's website.
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