Paragon Technologies, Inc. Announces Earnings and Resolution of Outstanding Litigation
Paragon Technologies (OTCID:PGNT) has announced its financial results for Q2 2025 and reached a significant settlement agreement resolving outstanding litigation. The settlement includes the dismissal of claims by Hesham M. Gad against Paragon and mutual releases between both parties.
The company reported that its Q2 2025 performance was impacted by several factors, including realized losses on marketable securities due to liquidation by the previous Board and Management, as well as increased operating expenses. The company notes that accounting rules from 2018 require recording unrealized gains/losses from equity investments in the income statement.
Paragon Technologies (OTCID:PGNT) ha comunicato i risultati finanziari del secondo trimestre 2025 e ha raggiunto un importante accordo che risolve le controversie legali in sospeso. L'accordo prevede la rinuncia alle pretese avanzate da Hesham M. Gad contro Paragon e il rilascio reciproco di responsabilità tra le parti.
L'azienda ha spiegato che la performance del secondo trimestre 2025 è stata influenzata da diversi fattori, tra cui perdite realizzate su titoli negoziabili dovute alla liquidazione decisa dal precedente Consiglio di Amministrazione e Direzione, oltre a un aumento dei costi operativi. Paragon ricorda inoltre che le norme contabili del 2018 impongono di rilevare nel conto economico le plusvalenze/perdite non realizzate derivanti da investimenti azionari.
Paragon Technologies (OTCID:PGNT) anunció sus resultados financieros del segundo trimestre de 2025 y alcanzó un acuerdo significativo que resuelve litigios pendientes. El acuerdo incluye la desestimación de las reclamaciones de Hesham M. Gad contra Paragon y liberaciones mutuas entre las partes.
La compañía informó que su desempeño en el segundo trimestre de 2025 se vio afectado por varios factores, entre ellos pérdidas realizadas en valores negociables debido a la liquidación ordenada por la anterior Junta y Dirección, así como un aumento de los gastos operativos. Además, la empresa señala que las normas contables de 2018 exigen registrar en la cuenta de resultados las ganancias/pérdidas no realizadas de las inversiones en acciones.
Paragon Technologies (OTCID:PGNT)는 2025년 2분기 실적을 발표하고 미해결 소송을 해결하는 중대한 합의에 도달했다고 밝혔습니다. 이 합의에는 Hesham M. Gad가 Paragon을 상대로 제기한 청구의 취하와 양측 간 상호 면제가 포함됩니다.
회사는 2025년 2분기 실적이 이전 이사회 및 경영진의 청산으로 인한 유가증권의 실현손실과 운영비 증가 등 여러 요인의 영향을 받았다고 보고했습니다. 또한 2018년 회계 규정에 따라 지분 투자에서 발생한 미실현 손익을 손익계산서에 반영해야 한다고 덧붙였습니다.
Paragon Technologies (OTCID:PGNT) a publié ses résultats financiers du deuxième trimestre 2025 et a conclu un accord important réglant les litiges en cours. L'accord prévoit la radiation des réclamations de Hesham M. Gad contre Paragon ainsi que des libérations réciproques entre les parties.
La société indique que ses performances du T2 2025 ont été affectées par plusieurs éléments, notamment des pertes réalisées sur des titres négociables suite à la liquidation décidée par l'ancien conseil et la direction, ainsi qu'une hausse des charges d'exploitation. Paragon rappelle également que les règles comptables de 2018 imposent d'enregistrer en compte de résultat les gains/pertes non réalisés liés aux investissements en actions.
Paragon Technologies (OTCID:PGNT) hat seine Finanzergebnisse für das 2. Quartal 2025 bekannt gegeben und eine bedeutende Vergleichsvereinbarung zur Beilegung offener Rechtsstreitigkeiten erzielt. Die Vereinbarung umfasst die Zurückziehung der Ansprüche von Hesham M. Gad gegen Paragon sowie gegenseitige Freistellungen der Parteien.
Das Unternehmen erklärte, dass das Ergebnis des 2. Quartals 2025 durch mehrere Faktoren beeinträchtigt wurde, darunter realisierte Verluste aus veräußerten marktfähigen Wertpapieren infolge einer Liquidation durch den vorherigen Vorstand und das Management sowie steigende Betriebskosten. Zudem weist das Unternehmen darauf hin, dass die Rechnungslegungsregeln von 2018 die Erfassung unrealisierter Gewinne/Verluste aus Beteiligungsinvestitionen in der Gewinn- und Verlustrechnung vorschreiben.
- Resolution of outstanding litigation through settlement agreement
- Management can now focus on business progress without legal distractions
- Mutual releases agreed between parties indicate clean break from disputes
- Realized losses on marketable securities due to previous Board's liquidation
- Significant impact on operating income from increased expenses
- Financial performance negatively affected by previous management's decisions
Company Announces Earnings Results
Paragon Announces Resolution of Outstanding Litigation -- Focus Shifts to Progress.
EASTON, PA / ACCESS Newswire / August 15, 2025 / Paragon Technologies, Inc. (OTCID:PGNT) ("Paragon" or the "Company"), a holding company, announced its results for the three and six months ended June 30, 2025, on August 13, 2025.
Paragon Technologies, Inc.'s Consolidated Statement of Operations for the three and six months ended June 30, 2025, and 2024 are summarized below. For further details on our results, shareholders should carefully review our quarterly report, which can be found at www.pgntgroup.com.
Analysis of Results and General Business Commentary:
The Company is pleased to announce that it has reached a settlement agreement with respect to certain ongoing litigation and other related matters as a result of adverse shareholder actions taken by the previous Board. Pursuant to the agreement, Hesham M. Gad has agreed to dismiss his claims against Paragon, and Mr. Gad and Paragon have concurrently agreed to certain mutual releases. "On behalf of all stockholders, we are thrilled to rid Paragon of the unnecessary and distracting events of the past months once and for all," stated Mr. Gad. "We are working as prudently as possible to minimize the impact of the past months, and our focus is now squarely on progress."
The Company's realized loss on marketable securities during the quarter ended June 30, 2025, is due to the liquidation of securities by the previous Board and Management. Operating income was significantly impacted by increased expenses by the prior Board and Management.
In 2018 newly issued accounting rules required that all companies record any unrealized losses or gains from equity investments in the income statement.
Paragon's investment gains or losses reflect realized gains or losses in the company's investment portfolio.
Paragon utilizes pre-tax operating income, a non-GAAP financial measure, in its analysis of financial results. Paragon Technologies defines pre-tax operating earnings outside of the investment gains/losses of the Company.
About Paragon Technologies
Paragon Technologies, Inc. is a holding company owning subsidiaries that engage in diverse business activities, including material handling, distribution, real estate and investments.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements concern the Company's operations, financial condition and performance and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others, those related to: general economic conditions, including those in the markets in which the Company operates; the Company's ability to expand its revenue streams; technological changes in the Company's industry; the continued acceptance of the Company's distribution channel by vendors and customers; decreased demand for the Company's products and services and the Company's ability to retain or replace its significant customers; factors affecting the capital markets and share prices generally; economic and political risks of selling products in foreign countries, including risks of non-compliance with U.S. and foreign laws and regulations; cybersecurity risks and risks of damage and interruptions of information technology systems; and the Company's ability to complete acquisitions, strategic investments, divestitures, mergers or other transactions on acceptable terms or at all. New risk factors emerge from time to time, and it is not possible for management to predict all such risk factors, nor can management assess the impact of all such factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All statements in this press release other than statements that are purely historical are forward-looking statements. The Company does not intend and assumes no obligation, to update any forward-looking statements made in this press release. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.
For further information, contact the company at ir@pgntgroup.com
SOURCE: Paragon Technologies, Inc.
View the original press release on ACCESS Newswire
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