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. (PGNT) is a diversified holding company with strategic interests in material handling, real estate, and value-driven investments. This page aggregates official news and analysis related to PGNT’s operational developments, financial updates, and corporate governance activities.
Investors and stakeholders will find timely updates on earnings reports, strategic acquisitions, capital restructuring initiatives, and leadership decisions. The curated content ensures transparent access to PGNT’s progress in risk management, non-dilutive financing strategies, and portfolio optimization.
Key news categories include financial performance, industry partnerships, shareholder communications, and regulatory filings. Bookmark this page for streamlined access to Paragon Technologies’ latest developments and historical announcements.
Paragon Technologies, Inc. (OTC PINK:PGNT) reported Q2 2022 financial results on August 12, revealing net sales of $32.6 million and operating income of $1.1 million. Year-to-date net income attributed to shareholders was $378,000. The ongoing COVID-19 pandemic continues to adversely impact operations, leading to a slowdown in bookings and potential lower future cash flows. The company is also addressing supply chain disruptions exacerbated by the Russia-Ukraine conflict.
Paragon Technologies (OTC PINK:PGNT) announced its financial results for the first quarter of 2022, showcasing a significant increase in net sales to $38,628,000, up from $31,364,000 in the same period of 2021. The company reported an operating income of $2,170,000, compared to $698,000 in Q1 2021. The net income attributable to Paragon Technologies was $1,034,000, a substantial recovery from a net loss of $12,000 in the prior year.
These results reflect the company's improved operational performance and resilience amidst uncertainties.
Paragon Technologies, Inc. (OTC: PGNT) has been advocating for improved shareholder value at Rubicon Technology (NASDAQ: RBCN) for over five years. The letter criticizes Rubicon's board and CEO Timothy E. Brog for failing to generate profits and for awarding excessive compensation despite stagnant share prices. The stock's return was only 2% annually compared to over 20% for the NASDAQ. Paragon demands a transparent plan from Rubicon's board, accountability, and deferral of 2022 compensation until a profitable acquisition is realized. Paragon plans to file a proxy statement for board nominations.
Paragon Technologies (PGNT) reported its financial results for the year ended December 31, 2021, indicating net sales of $141,553,000, an increase from $107,998,000 in 2020. The operating income rose to $6,506,000 compared to $5,424,000 in the prior year. Net income attributable to Paragon Technologies was $3,351,000, down from $3,601,000 in 2020. The company also acknowledged potential impacts from ongoing COVID-19 uncertainties on operations. A detailed analysis can be found in their annual letter to shareholders.
Paragon Technologies (OTC PINK:PGNT) reported its financial results for the three and nine months ending September 30, 2021. The company achieved net sales of $36,771,000 for Q3 2021, compared to $28,873,000 in Q3 2020, marking a significant increase. For the nine-month period, net sales rose to $100,958,000 from $76,719,000 in the previous year. The operating income for Q3 was $2,109,000, up from $1,203,000. Overall, the company posted a net income of $892,000 for Q3 2021, compared to $718,000 in Q3 2020.
Paragon Technologies (OTC PINK:PGNT) reported significant growth for the three and six months ending June 30, 2021. Net sales surged to $32,823,000 for Q2 2021 from $18,252,000 in Q2 2020, marking a 80% increase. Year-to-date sales reached $64,187,000, up 34% from $47,846,000 a year prior. Operating income also improved to $1,462,000 for Q2 2021, compared with $895,000 in 2020. Despite the gains, the company noted potential risks from the ongoing impact of COVID-19 on operations.
Paragon Technologies (OTC PINK:PGNT) announces the appointment of Leticia 'Tish' Cardonick as its new Chief Financial Officer, effective August 31, 2021. Cardonick brings over 20 years of experience in investment management and has held key positions at Morgan Stanley and Goldman Sachs. She succeeds Deb Mertz, who is retiring after a seven-year tenure. CEO Hesham Gad expressed confidence in Cardonick's abilities to drive the company's financial strategies moving forward. Paragon Technologies engages in diverse business activities, including material handling and real estate.
Paragon Technologies (OTC Pink:PGNT) reported its financial results for Q1 2021. Net sales increased to $31.36 million from $29.59 million in Q1 2020, reflecting growth despite ongoing challenges. However, the company experienced a decline in operating income, reporting $698,000 compared to $943,000 in the previous year. The net income attributable to Paragon decreased to a loss of $12,000 from a profit of $282,000. The impact of COVID-19 and related uncertainties are noted as ongoing risks. The comprehensive quarterly report is available at www.pgntgroup.com.
Paragon Technologies, Inc. (OTC PINK:PGNT) has made its 2021 Annual Letter to Shareholders available online. Shareholders are encouraged to read the letter, which highlights the company's diverse business activities, including material handling, distribution, real estate, and investments. The letter can be accessed through their website at this link.
For further details and previous press releases, visit www.pgntgroup.com.
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