Wednesday, ACS Motion Control Ltd. (ACSEF), a manufacturer of motion control products, announced first quarter financial results, reporting a loss, reversing a profit in the year-ago quarter on higher expenses.
The Migdal Ha'Emek, Israel-based company’s first quarter net loss was US$577 thousand or US$0.18 per share, compared to a net income of US$68 thousand or US$0.02 per share in the prior year quarter.
Total revenues for the quarter declined to US$2.20 million from US$2.42 million last year.
Gross profit was US$988 thousand, down from US$1.25 million in the same quarter of the previous year.
Total operating costs grew to US$1.65 million from US$1.23 million in the comparable quarter of the prior year.
ACS Motion Control’s total cash and cash equivalents were US$2.09 million as of March 31, 2008, compared to US$2.66 million as of March 31, 2007.
ACSEF is currently trading at $3.45, down $0.10 or 2.82%, on a volume of 6,210 shares on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.