Sentry Technology Reports Second Quarter Results
(firmenpresse) - RONKONKOMA, NY -- (Marketwired) -- 09/18/13 -- Sentry Technology Corporation (OTC Pink: SKVY) today reported financial results for the Company's second quarter ended June 30, 2013.
Revenues for the second quarter of 2013 were $1,767,000 compared to revenues of $1,661,000 reported in the second quarter of the prior year. The loss from operations was $53,000 compared to a loss of $178,000 in the second quarter of 2012. The net loss was $129,000, or $(0.00) per share, as compared to a net loss of $362,000, or $(0.00) per share, in the second quarter of 2012.
For the first six months ended June 30, 2013, revenues were $3,122,000 compared to revenues of $3,258,000 reported in the first six months of the prior year. Sentry had a net loss of $448,000, or $(0.00) per share, compared to a net loss of $795,000, or $(0.00) per share, in the first half of 2012.
"Our new VideoRailway™, HD/IP traveling camera system has started to ship to customers," said Peter Murdoch, President and CEO of Sentry Technology Corporation. "As recently reported, CSI, our 51% owned label subsidiary, is now selling its new security label products which have a much larger addressable market compared with the company's historic offerings. We have been able to complete the development of two entirely new, major product lines while maintaining sales levels comparable with previous periods. In addition, YTD expenses have been reduced by a further 16%. We expect these changes will bring sales growth and profitability for Sentry."
Sentry Technology Corporation designs, manufactures, sells and installs Closed Circuit Television (CCTV) solutions, Electro-Magnetic (EM) and RFID based Library security and self-service systems. Our CCTV product line features VideoRailway™ and SmartTrack™, a proprietary, traveling camera technology. Our OperationalVideo™, OVportal™ software application assists retailers with on-line management of safety and security, merchandising audits and employee procedure compliance. Products are used by libraries to secure inventory and improve operating efficiency, by retailers to deter theft and enhance productivity, and by industrial/institutional customers to protect assets and people. More information can be found at .
This press release may include information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the Company's Securities and Exchange Commission filings.
CONTACT:
Peter L. Murdoch
President & CEO
(631) 739-2000
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Datum: 18.09.2013 - 09:54 Uhr
Sprache: Deutsch
News-ID 1264886
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