Paragon Technologies Inc (PGNT)

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Paragon’s per share book value increased by 114% in 2017, to $3.58 per share, compared with $1.67 per share in 2016. Once again, shares outstanding remained unchanged year over year (at the beginning of 2018, 10,000 shares were issued to an executive). Revenues in 2017 equaled $64.6 million compared to $8.6 million in 2016. Net income in 2017 was $2.7 million compared
to a net loss of $1.1 million in 2016, respectively.
The substantial gains in sales, profitability, and book value in 2017 was due to Paragon’s acquisition of the Latin American distribution business of SED International.


As Chairman, CEO, and chief capital allocator at Paragon, I also am the Company’s largest shareholder. My financial net worth and that of the Gad family is fully hitched to the Paragon wagon. I will win alongside our shareholders, not at your expense.

http://pgntgroup.com/wp-content/uploads/2014/02/2018-Shareholders-Letter-Final.pdf