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Allied Motion Reports Record Gross Margin of 32.4% on Revenue of $122.7 Million in Second Quarter 2022

Revenue grew 21% to a record $122.7 million, with organic growth of 10% Gross margin expanded to a record 32.4%, up 170 basis points year-over-year and 320 basis points over the sequential 2022 first quarter, despite ongoing supply chain disruptio