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YEHUD, Israel, May 24, 2021 /PRNewswire/
Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced its financial results for the three months ended March 31, 2021. Management will hold an investors conference call later today (at 10 am Eastern Time) to discuss the results.
FIRST QUARTER 2021 HIGHLIGHTS:
Entered into an asset and share purchase agreement for the sale of the Integrated Solutions division to Aeronautics Ltd. for $35 million (
closing expected in June 2021), representing value of $1.51 per share; accordingly, Magal s Integrated Solutions division results are excluded from results from continuing operations.
Strong cash position of $25.9 million, or $1.12 per share, as of March 31
st 2021 with no debt.
Magal Security Systems Announces Filing Of 2020 Annual Report
USA - English
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YEHUD, Israel, April 26, 2021 /PRNewswire/ Magal Security Systems, Ltd. (Nasdaq: MAGS), a leading international provider of comprehensive physical, video and access control security products and solutions, as well as critical site management, announced that earlier today it filed its annual report containing audited consolidated financial statements for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission.
Please note that certain of the unaudited financial numbers included in our earnings release dated April 6, 2021 have been updated in the annual report to reflect certain audit adjustments.
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