Reconditioned Systems, Inc. Reports Earnings Results for the Fourth Quarter Ended March 31, 2019
May 17, 2019 at 02:04 am EDT
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Reconditioned Systems, Inc. announced earnings results for the fourth quarter ended March 31, 2019. For the fourth quarter, the company announced sales was USD 2.668 million compared to USD 2.930 million a year ago. Operating income was USD 95,729 compared to USD 112,392 a year ago. Net income was USD 59,307 compared to USD 62,640 a year ago. Basic earnings per share was USD 0.06 compared to USD 0.07 a year ago. For the full year, sales was USD 10.817 million compared to USD 10.856 million a year ago. Operating income was USD 133,025 compared to USD 375,324 a year ago. Net income was USD 50,133 compared to USD 170,490 a year ago. Basic earnings per share was USD 0.05 compared to USD 0.18 a year ago.
Reconditioned Systems, Inc. is engaged in the manufacturing and sale of office workstations comprised of panel systems to customers located throughout the United States and Canada. The Company markets its products primarily in the continental United States. In addition, the Company specializes in remanufacturing of original equipment manufacturers (OEM) line of office workstations. The Companyâs products include workstations, office, tables, sit-to-stand, storage, and accessories. Its workstations products include EZcube Plus, EZcube and Echo Squared. Its office product consist of EZdesk, which provides solution for the private office. Its tables products include crucial, rigid, slant and sculpt tables. Its sit-to-stand products include pivot and clever tables. Its storage product consist of Echo Storage. Its accessories products include echo add-on panels, laminate privacy screens and desktop power.