ARC Group Worldwide, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended December 30, 2018
February 13, 2019 at 07:18 pm EST
Share
ARC Group Worldwide, Inc. reported consolidated earnings results for the second quarter ended December 30, 2018. For the quarter, the company reported sales of $20,907,000 against $17,428,000 a year ago. Loss from operations was $1,853,000 against $3,654,000 a year ago. Net loss was $3,542,000 against $4,322,000 a year ago. Net loss per common share basic were $0.12 against $0.22 a year ago.
For the six months, the company reported sales of $41,473,000 against $36,514,000 a year ago. Operating loss was $1,878,000 against $5,776,000 a year ago. Net loss was $5,239,000 against $7,876,000 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 palletâs location and condition both indoors and in transit without requiring any additional hardware or information technology (IT) development. The Companyâs RM2 ELIoT is a cloud-based supply chain intelligence platform. It issues more than 1.5 million pallets annually.
RM2 INTERNATIONAL, INC. 
