AMOT - Allied Motion Technologies Non-GAAP EPS of $0.60 beats by $0.23 revenue of $134.4M beats by $5.74M

November, 02 2022 05:10 PM Allied Motion Technologies Inc.

Allied Motion Technologies press release ( NASDAQ: AMOT ): Q3 Non-GAAP EPS of $0.60 beats by $0.23 .
Revenue of $134.4M (+29.9% Y/Y) beats by $5.74M .
Cash and cash equivalents were $19.7 million compared with $22.5 million at year-end 2021. Higher levels of inventory and working capital timing resulted in $5.8 million of cash used in operating activities during the year-to-date period.
Capital expenditures were $11.0 million for the year-to-date period and were largely focused on new customer projects. The Company expects 2022 capital expenditures to be approximately $14 million to $18 million.
Total debt was $231.9 million at quarter-end compared with $159.0 million at year-end 2021

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Company Name:	Allied Motion Technologies Inc.
Stock Symbol:	AMOT
Market:	NASDAQ