{"version":"1.0","provider_name":"Market Newsdesk","provider_url":"https:\/\/www.marketnewsdesk.com","author_name":"Newsdesk","author_url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/","title":"Servotronics, Inc. Announces 2020 Operating Results - Market Newsdesk","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"7lKmnB2pmU\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/servotronics-inc-announces-2020-operating-results\/\">Servotronics, Inc. Announces 2020 Operating Results<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.marketnewsdesk.com\/index.php\/servotronics-inc-announces-2020-operating-results\/embed\/#?secret=7lKmnB2pmU\" width=\"600\" height=\"338\" title=\"&#8220;Servotronics, Inc. Announces 2020 Operating Results&#8221; &#8212; Market Newsdesk\" data-secret=\"7lKmnB2pmU\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.marketnewsdesk.com\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","description":"PR Newswire ELMA, N.Y., April 6, 2021 \/PRNewswire\/ &#8212;\u00a0Servotronics, Inc. (NYSE American \u2013 SVT) a designer and manufacturer of servo-control components and other advanced technology products announced today the results of its operations for the year ended December 31, 2020. Net income for year ended December 31, 2020 was $100,000 (or $0.04 per share Basic and Diluted) on consolidated revenues of $49,844,000 \u00a0as compared to net income for the \u00a0year ended December 31, 2019 of $2,447,000 (or $1.05 per share Basic and $1.03 Diluted) on revenues of $55,272,000. Gross margin for 2020 was $8,240,000, or 16.5% of revenue, compared with $12,126,000, or 21.9% of revenue for 2019.\u00a0 The gross margin as a percentage of revenue decreased at the ATG and &hellip; Continue reading \"\"","thumbnail_url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY34060&amp;sd=2021-04-06"}