Reconditioned Systems Inc. Reports Earnings Results for the Second Quarter Ended September 30, 2018
November 16, 2018 at 04:06 am EST
Share
Reconditioned Systems Inc. announced earnings results for the second quarter ended September 30, 2018. For the second quarter, the company announced sales was USD 2.759 million compared to USD 2.887 million a year ago. Operating income was USD 8,323 compared to USD 147,225 a year ago. Net loss was USD 7,187 compared to net income of USD 68,727 a year ago. Basic loss per share was USD 0.01 compared to basic earnings per share of USD 0.07 a year ago. For the half year, sales was USD 5.279 million compared to USD 5.311 million a year ago. Operating loss was USD 45,106 compared to operating Income of USD 167,187 a year ago. Net loss was USD 61,534 compared to net income of USD 60,372 a year ago. Basic loss per share was USD 0.06 compared to basic earnings per share of USD 0.06 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.