We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sentry Technology Corp (CE) | USOTC:SKVY | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
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 www.sentrytechnology.com.
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.
SENTRY TECHNOLOGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In Thousands, Except Par Value Amounts) (Unaudited) June 30, December 31, 2013 2012 ------------ ------------ ASSETS Current Assets: Cash $ 98 $ 278 Short-term investments 194 205 Accounts receivable, net of allowance for doubtful accounts of $81 in 2013 and $81 in 2012 715 724 Inventory, net 1,663 1,495 Prepaid expenses and other current assets 214 222 ------------ ------------ Total current assets 2,884 2,924 PROPERTY AND EQUIPMENT, net 310 346 OTHER ASSETS 148 159 ------------ ------------ TOTAL ASSETS $ 3,342 $ 3,429 ============ ============ LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Amount due to related parties $ 4,065 $ 3,954 Bank indebtedness and revolving line of credit 1,272 1,174 Accounts payable 1,187 1,038 Accrued liabilities 803 803 Deferred income 186 234 Promissory notes payable - short-term 75 38 ------------ ------------ Total current liabilities 7,588 7,241 Amount due to related parties - long-term 143 151 Promissory notes payable - long-term - 37 Deferred tax liabilities 48 50 ------------ ------------ Total long-term liabilities 191 238 Total liabilities 7,779 7,479 STOCKHOLDERS' DEFICIT Common stock 196 196 Additional paid-in capital 51,752 51,748 Accumulated deficit (57,828) (57,380) Accumulated other comprehensive loss (39) (192) ------------ ------------ Total stockholders' deficit (5,919) (5,628) Noncontrolling interest in subsidiary 1,482 1,578 ------------ ------------ Total deficit (4,437) (4,050) ------------ ------------ TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 3,342 $ 3,429 ============ ============ SENTRY TECHNOLOGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In Thousands, Except Per Share Amounts) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, ------------------ ------------------ 2013 2012 2013 2012 -------- -------- -------- -------- REVENUES: Sales $ 1,573 $ 1,470 $ 2,758 $ 2,846 Service, installation and maintenance revenues 194 191 364 412 -------- -------- -------- -------- 1,767 1,661 3,122 3,258 COST OF SALES AND EXPENSES: Cost of sales 983 864 1,732 1,673 Customer service expenses 178 198 361 405 Selling, general and administrative expenses 627 708 1,207 1,487 Research and development 80 95 165 173 Foreign exchange gain (48) (26) (76) (1) -------- -------- -------- -------- 1,820 1,839 3,389 3,737 -------- -------- -------- -------- LOSS FROM OPERATIONS (53) (178) (267) (479) INTEREST EXPENSE, net 100 145 193 289 NON-CASH AMORTIZATION COSTS RELATED TO FINANCING - 4 1 8 -------- -------- -------- -------- LOSS BEFORE INCOME TAXES AND NONCONTROLLING INTEREST (153) (327) (461) (776) INCOME TAX (RECOVERY) EXPENSE (6) 10 - 10 -------- -------- -------- -------- LOSS BEFORE NONCONTROLLING INTEREST (147) (337) (461) (786) LESS: NET (LOSS) INCOME ATTRIBUTABLE TO THE NONCONTROLLING INTEREST (18) 25 (13) 9 -------- -------- -------- -------- NET LOSS (129) (362) (448) (795) ======== ======== ======== ======== LOSS PER SHARE ON LOSS ATTRIBUTABLE TO SENTRY TECHNOLOGY CORPORATION Basic and diluted $ (0.00) $ (0.00) $ (0.00) $ (0.00) ======== ======== ======== ======== WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING Basic and diluted 196,405 196,405 196,405 196,405 ======== ======== ======== ======== * Additional financial statements are available on the Company's website at http://www.sentrytechnology.com/.
CONTACT: Peter L. Murdoch President & CEO (631) 739-2000
1 Year Sentry Technology (CE) Chart |
1 Month Sentry Technology (CE) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions