ARC Group Worldwide, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended April 01, 2018
May 10, 2018 at 04:05 pm EDT
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ARC Group Worldwide, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended April 01, 2018. For the quarter, the company reported sales $21,460,000 compared to $24,200,000 a year ago. Loss from operations was $2,155,000 compared to $2,013,000 a year ago. Net loss from continuing operations was $3,116,000 compared to $2,910,000 a year ago. Net loss was $3,116,000 compared to $2,774,000 a year ago. Net loss income attributable to the company was $3,116,000 compared to $2,774,000 a year ago. Net loss income per common share, basic and diluted continuing operation was $0.16 compared to $0.16 a year ago.
For the nine months, the company reported sales $59,764,000 compared to $76,921,000 a year ago. Loss from operations was $8,141,000 compared to $2,349,000 a year ago. Net loss from continuing operations was $10,717,000 compared to $4,000,000 a year ago. Net loss was $10,993,000 compared to income of $123,000 a year ago. Net loss income attributable to the company was $10,993,000 compared to income of $97,000 a year ago. Net loss income per common share, basic and diluted continuing operation was $0.57 compared to $0.22 a year ago. Net cash used in operating activities was $331,000 compared to generated from $1,514,000 a year ago. Purchases of property and equipment was $4,432,000 compared to $5,324,000 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. 
