Reconditioned Systems, Inc. Reports Earnings Results for the Second Quarter Ended September 30, 2019
November 22, 2019 at 12:11 am EST
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Reconditioned Systems, Inc. announced earnings results for the second quarter ended September 30, 2019. For the second quarter, the company announced sales was USD 2.392 million compared to USD 2.759 million a year ago. Operating income was USD 19,631 compared to USD 8,323 a year ago. Net income was USD 4,050 compared to net loss of USD 7,187 a year ago. Basic eps was USD 0 compared to basic loss per share of USD 0.01 a year ago. For the half year, sales was USD 4.762 million compared to USD 5.279 million a year ago. Operating loss was USD 43,993 compared to USD 45,106 a year ago. Net loss was USD 55,535 compared to USD 61,543 a year ago. Basic loss per share was USD 0.06 compared to 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.