SENTRY TECHNOLOGY’S 2Q REVENUES DECREASE $1.2M FROM 2000
Sentry Technology Corp. reports revenues for its second quarter ended June 30 were $4 million, compared to revenues of $5.2 million in 2000. Company officials say the decrease in revenue is primarily related to lower sales of conventional CCTV products and lower sales of electronic article surveillance (EAS) products to Sensormatic.
Net loss attributable to common shareholders was $861,000, or 1 cent per diluted share, an improvement of 36 percent from the net loss of $1.3 million, or 14 cents per diluted share, in the second quarter of 2000. For the first six months ended June 30, revenues were $8.7 million, compared to $10 million reported in the previous year.
“While we are not satisfied with the immediate results, many positive steps have been taken in our plan to turn Sentry back to profitability,” says Peter Murdoch, president and CEO.
Some highlights of the second quarter include: SmartTrack traveling CCTV system orders and upgrades from B & Q DIY Warehouse, distribution fulfillment centers such as Spiegel and Eddie Bauer, additional CCTV orders in the retail market from Lowe’s, Goody’s, Kroger and Shoe Carnival, and EAS orders in the educational market.
Sentry is a provider of radio frequency (RF) and electro-magnetic (EM) EAS and CCTV systems.
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