AMHERST, N.Y. --(BUSINESS WIRE)--Mar. 17, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or “Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that Dick Warzala , Chairman,
Fourth quarter revenue of $93.0 million was up 6% on strong Medical and Vehicle market demand Achieved record orders of $108.5 million and record backlog of $141.3 million at year-end Continued strong cash generation despite challenging macro environment: Quarter: Cash flow from operations of $9.8
AMHERST, N.Y. --(BUSINESS WIRE)--Mar. 10, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that its Board of Directors, at
AMHERST, N.Y. --(BUSINESS WIRE)--Feb. 18, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that it will release its fourth quarter and full year
Strong demand in Medical market drove total quarterly revenue of $94.7 million , up 9% over the sequential second quarter 2020 Operating margin expanded 100 basis points sequentially from operating leverage on higher volume Strong cash generation: Cash from operations of $8.4 million in the quarter
AMHERST, N.Y. --(BUSINESS WIRE)--Nov. 4, 2020-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that its Board of Directors, at
AMHERST, N.Y. --(BUSINESS WIRE)--Oct. 21, 2020-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that it will release its third quarter 2020 results
Achieved gross margin of 30.5%, as solid Medical market demand partially offset softness from other markets impacted by COVID-19 Generated $9.6 million in cash from operations resulting in $7.6 million of free cash flow Paid down nearly $8 million of debt in the quarter AMHERST, N.Y.
AMHERST, N.Y. --(BUSINESS WIRE)--Aug. 5, 2020-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that its Board of Directors, at
AMHERST, N.Y. --(BUSINESS WIRE)--Jul. 27, 2020-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion,” “Allied” or the “Company”), a global designer and manufacturer of precision and specialty controlled motion products and solutions, announced that it has realigned and expanded its
