RiT Technologies Ltd. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015
For the six months, the company's sales were $7,936,000 against $3,690,000 a year ago. Operating margin was $176,000 against operating loss of $4,434,000 a year ago. Profit before income tax expense was $132,000 against loss before income tax expense of $4,483,000 a year ago. Net profit was $132,000 or $0.01 per basic and diluted share against net loss of $4,483,000 or $0.35 per basic and diluted share a year ago. Net cash used for operating activities was $3,004,000 against $3,958,000 a year ago. Purchase of property and equipment was $128,000 against $106,000 a year ago.