Paragon Technologies, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021
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Paragon Technologies, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 31.364 million compared to USD 29.594 million a year ago. Operating income was USD 698,000 compared to USD 943,000 a year ago. Net loss was USD 12,000 compared to net income of USD 282,000 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.17 a year ago.
Paragon Technologies, Inc. (Paragon) is engaged in diverse business activities, including material handling, distribution and real estate services. The Companyâs subsidiaries include SI Systems, LLC (SI Systems); Ohana Home Services, LLC (Ohana); ARK Investments, LLC and SED International de Colombia, S.A.S. (SEDC). SI Systems is a supply chain and logistics manufacturer and software engineering company. SI Systems provides solutions to distribution centers, manufacturers and warehouses worldwide. SI Systems provides material handling solutions that increase productivity and provide safety enhancements. SEDC distributes information technology (IT) hardware products from 27 IT manufacturers, such as Hewlett Packard, Lenovo, Dell, Samsung, LG, Epson, Hitachi, and others. SEDC's business is divided into four main business units: Value, Transactional, Consumer Electronics, and Integrated Services. Ohana acquires residential real estate for income and capital appreciation purposes.
PARAGON TECHNOLOGIES, INC. 
