Vicon Industries, Inc. Reports Unaudited Condensed Financial Results for the Second Quarter and Six Months Ended March 31, 2018
Vicon Industries, Inc. reported unaudited condensed financial results for the second quarter and six months ended March 31, 2018. For the quarter, the company reported net sales of $7,322,000 against $6,003,000 a year ago. The $1.3 million increase in the current quarter included a $1.0 million, or 23%, increase in sales in the Americas market and a $262,000, or 19%, increase in EMEA market sales. Operating loss was $1,300,000 against $1,845,000 a year ago. Loss before income taxes was $1,452,000 against $1,903,000 a year ago. Net loss was $1,452,000 against $1,903,000 a year ago. Loss per basic and diluted share was $0.08 against $0.20 a year ago.
For the six months, the company reported net sales of $15,069,000 against $12,608,000 a year ago. Operating loss was $2,473,000 against $3,093,000 a year ago. Loss before income taxes was $2,769,000 against $3,205,000 a year ago. Net loss was $2,769,000 against $3,205,000 a year ago. Loss per basic and diluted share was $0.17 against $0.34 a year ago.