Revenue grew 10% to $403.5 million in 2021, driven by broad-based recovery in target markets and new solutions offerings; Fourth quarter revenue was $96.8 million , up 4% from the prior year quarter Gross margin expanded 40 basis points to 30.0% in the year on higher volume, improved mix and
AMHERST, N.Y. --(BUSINESS WIRE)--Mar. 9, 2022-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that its Board of Directors approved a
AMHERST, N.Y. --(BUSINESS WIRE)--Feb. 28, 2022-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, today announced that it will release its fourth
AMHERST, NY, January 31, 2022 -- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty-controlled motion products and solutions for the global market, announced that the draft of the ASME B5.64 standard “Methods for
AMHERST, N.Y. --(BUSINESS WIRE)--Dec. 31, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it has acquired Spectrum
AMHERST, N.Y. --(BUSINESS WIRE)--Nov. 4, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it has acquired ALIO
AMHERST, N.Y. --(BUSINESS WIRE)--Nov. 3, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that its Board of Directors, at its
Revenue grew 9% to $103.5 million over the prior-year period, driven by strong recovery in Industrial markets Gross margin expanded 120 basis points to 30.9% year-over-year and 20 basis points sequentially on higher volume, strategic pricing and improved mix Achieved net income of $6.0 million , or
AMHERST, N.Y. --(BUSINESS WIRE)--Nov. 2, 2021-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it has acquired ORMEC Systems Corp.
AMHERST, N.Y. --(BUSINESS WIRE)--Oct. 21, 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 third quarter 2021 results
