Reconditioned Systems, Inc. Reports Earnings Results for the Third Quarter Ended December 31, 2018
February 13, 2019 at 04:11 am EST
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Reconditioned Systems, Inc. announced earnings results for the third quarter ended December 31, 2018. For the third quarter, the company announced sales was USD 2.869 million compared to USD 2.614 million a year ago. Operating income was USD 82,399 compared to USD 95,751 a year ago. Net income was USD 52,357 compared to USD 47,483 a year ago. Basic earnings per share was USD 0.05 compared to USD 0.05 a year ago. For the nine months, sales was USD 8.149 million compared to USD 7.925 million a year ago. Operating income was USD 37,292 compared to USD 262,935 a year ago. Net loss was USD 9,178 compared to net income of USD 107,852 a year ago. Basic loss per share was USD 0.01 compared to basic earnings per share of USD 0.12 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.