Follow-on order adds approximately $100 million to total unbooked backlog for Vehicle market solutions which stands at about $325 million at current currency exchange rates AMHERST, N.Y. --(BUSINESS WIRE)--Jun. 25, 2020-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or
AMHERST, N.Y. --(BUSINESS WIRE)--May 6, 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
Acquisition of Dynamic Controls and the increased demand from certain medical applications partially offset the reduction in demand in Allied’s Vehicle markets due to COVID-19 Vast majority of production continues as supplier for critical industries Achieved gross margin of 30.4%, a 90 basis point
AMHERST, N.Y. --(BUSINESS WIRE)--Apr. 29, 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 first quarter 2020 results
For the Quarter, revenue grew 19% to $87.9 million and net income grew 32% to $3.5 million For the Quarter, achieved gross margin of 30.1%, a 90 basis point improvement driven by lean manufacturing improvements, enhanced mix and higher volume, while strong operating leverage drove a 200 basis point
AMHERST, N.Y. --(BUSINESS WIRE)-- 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 its meeting
AMHERST, N.Y. --(BUSINESS WIRE)-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion,” “Allied” or the “Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that it has acquired Dynamic
AMHERST, N.Y. --(BUSINESS WIRE)--Feb. 20, 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 fourth quarter and full year
Refinancing expands borrowing capacity nearly 30%, reduces cost of debt and enhances flexibility to drive growth strategy AMHERST, N.Y. --(BUSINESS WIRE)--Feb. 12, 2020-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or “Company”), a designer and manufacturer that sells precision
