Vicon Industries, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended March 31, 2017
Vicon Industries, Inc. reported unaudited earnings results for the second quarter and six months ended March 31, 2017. For the quarter, the company reported net sales of $6,003,000 against $7,998,000 a year ago. Operating loss was $1,845,000 against $8,443,000 a year ago. Loss before income taxes was $1,903,000 against $7,658,000 a year ago. Net loss was $1,903,000 or $0.20 per basic and diluted share against $7,658,000 or $0.82 per basic and diluted share a year ago. Adjusted non-GAAP net loss was $2,152,000 or $0.23 per basic and diluted share against $1,274,000 or $0.14 per basic and diluted share a year ago.
For the six months, the company reported net sales of $12,608,000 against $18,879,000 a year ago. Operating loss was $3,093,000 against $9,421,000 a year ago. Loss before income taxes was $3,205,000 against $8,636,000 a year ago. Net loss was $3,205,000 or $0.34 per basic and diluted share against $8,636,000 or $0.92 per basic and diluted share a year ago.
For the quarter, the company reported goodwill impairment of $6,016,000.