ARC Group Worldwide, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2019
May 17, 2019 at 04:35 pm EDT
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ARC Group Worldwide, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2019. For the quarter, the company reported sales $19,856,000 compared to $21,460,000 a year ago. Loss from operations was $3,139,000 compared to $1,381,000 a year ago. Net loss was $6,181,000 compared to $3,116,000 a year ago. Net loss per basic and diluted share was $0.14 compared to $0.12 a year ago. Net loss from continuing operation per basic and diluted share was $0.12 compared to $0.04 a year ago.
For the nine months, the company reported sales $61,328,000 compared to $57,559,000 a year ago. Loss from operations was $5,018,000 compared to $7,159,000 a year ago. Net loss was $11,421,000 compared to $10,993,000 a year ago. Net loss per basic and diluted share was $0.29 compared to $0.51 a year ago. Net loss from continuing operation per basic and diluted share was $0.20 compared to $0.07 a year ago.
RM2 International, Inc. is the owner and operator of the BLOCKPal, a technologically advanced, composite pallet. The Company provides its customers with end-to-end logistics Intelligence Optimization & Tracking (RM2 ELIoT) Internet of Things (IoT) technology for pallet traceability, delivering real-time actionable insights and data to improve the supply chain visibility to the manufacturing and distribution businesses it serves. The BLOCKPal pallets are provided to customers across a range of industries, with a particular focus on those where hygiene and traceability are of critical importance. Its IoT sensor data are transmitted to the cloud via the long-term evolution-machine (LTE-M) network, making visible the pallet's location and condition both indoors and in transit without requiring any additional hardware or information technology (IT) development. The Company's RM2 ELIoT is a cloud-based supply chain intelligence platform. It issues more than 1.5 million pallets annually.
RM2 INTERNATIONAL, INC. 
