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paragon technologies inc (PGNT) Snapshot

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09/27/13 - $3.10
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paragon technologies inc (PGNT) Details

Paragon Technologies, Inc., together with its subsidiary, SI Systems, LLC, provides various material handling systems, technologies, products, and services for material flow applications in North America. Its products include VWare Warehouse Execution System, a modular software system, which provides real-time warehouse management and control functionality tailored to address customer-specific requirements; and LO-TOW, an in-floor towline conveyor system used for the automation of manufacturing, assembly, and unit load handling in manufacturing environments. The company’s products also comprise dispensing technologies, such as DISPEN-SI-MATIC A-Frame Dispenser and Mobile-matic Mobile Dispenser that automatically dispense products directly onto a conveyor belt or into totes. It also provides aftermarket spare parts, equipment, and support services. The company serves healthcare, pharmaceuticals, cosmetics, beauty products, optical and eye care, direct sales, music, gaming and entertainment wholesale, and retail and ecommerce manufacturing and assembly industries, as well as the U.S. government, the United States Postal Service, and the Defense Logistics Agency. The company was formerly known as SI Handling Systems, Inc. and changed its name to Paragon Technologies, Inc. in April 2000. Paragon Technologies, Inc. was founded in 1958 and is headquartered in Easton, Pennsylvania.

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paragon technologies inc (PGNT) Key Developments

Paragon Technologies Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Paragon Technologies Inc. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales of $1,623,000 against $3,208,000 a year ago. Pre-tax operating loss was $179,000 against pre-tax operating income of $322,000 a year ago. Net loss attributable to company was $163,000 against net earnings attributable to company of $129,000 a year ago. For the six months, the company reported net sales of $3,863,000 against $6,480,000 a year ago. Pre-tax operating loss was $108,000 against pre-tax operating income of $653,000 a year ago. Net loss attributable to company was $99,000 against net earnings attributable to company of $527,000 a year ago.

Paragon Technologies, Inc. Appoints McGladrey LLP as Independent Auditors for the Fiscal Year Ending December 31, 2014

Paragon Technologies Inc. announced that at the annual shareholder meeting, which was held on July 14, 2014, the shareholders, approved the appointment of McGladrey LLP as the company's independent auditors for the fiscal year ending December 31, 2014.

Paragon Technologies, Inc. Announces Management Changes

Paragon Technologies, Inc. announced that effective June 30, 2014, Deborah Mertz will also join the company as Interim CFO of Paragon Technologies. Also, effective immediately, current Paragon Chairman Hesham Gad will assume the role of Chief Executive Officer of Paragon Technologies. From 2006 to 2013 Ms. Mertz held the position of Assistant Controller of ASSA ABLOY Inc. Americas Division.


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