$8,534 $11,257 mat kinh hang hieu $17,136 $22,147
Blonder Tongue Reports 2nd Quarter 2003 Fiscal Results.Enterprise Publishers mat kinh hang hieu
OLD BRIDGE,.--(BUSINESS WIRE)--Aug. 14, 2003
Blonder Tongue Laboratories, Inc. (AMEX:BDR) this era exclaimed its sales and profits for the 2nd quarter and 6 months finished June 30, 2003.
Commenting on the 2nd quarter 2003 results, James A. Luksch, Ceo mentioned, "The rebound anticipated for the 2nd quarter of 2003 is happening at a slower gait than was predicted at the finale of the initial quarter. We certainly have also incurred delays within the anticipated swivel out from our new telephony and informations solution commodities, though we remain hopeful which these new product offerings 're going to offer material incremental gross income and earnings initiating within the 4th quarter of this 365 days. Our expectancy of a conversion to a time of maturation in sales and profits, though postponed, remnants strong. Conceptually, our electronical, informations and voice 3 x play providing is being publicly embraced by personal wire supervisors, MSO's and real estate developers as the solution of choice for multiple residing units (MDU's). We remain confident which once we commence to boat commercial vast amounts of our voice and informations commodities, the maturation in order input would be continuous during the rest of this 365 days and pump up in 2004.
Supplying direction for the whole of the 365 days of 2003 is actually a hard mission. The Business enterprise traditionally boats more than 70% of its requests within the equivalent month the requests are gained, rendering sales predicting an arduous mission relying on bidding activity, verbal client commitments and trend examines. In light of our hopeless performance within the 2nd quarter and for the initial 6 months of the 365 days, our current direction for 2003 is too aggressive, but by how much isn't known at the moment. Sales and earnings are required to further improve within the 3rd and 4th quarters, but the degree of betterment is more unlikely to foretell at this time. Taking into consideration our performance thus far this 365 days, it's really more suitable to supply a array of direction quite than distinctive sales and money in projections. We think through sales would be amongst $40 and $50 mil in 2003,.
Blonder Tongue Laboratories is actually a designer, producer and provider of a inclusive queue of gadgets and systems tool for the franchised and personal cable tv industries. Founded in 1950, Blonder Tongue has increased to be 1 of the commanders in wire TV tool manufacture. For more info with regard to Blonder Tongue or its commodities,.
"Safe Harbor" Declaration beneath the Personal Securities Legal case Reform Act of 1995: The data established over consists "forward-looking" statements and accordingly, the cautionary statements confined in Blonder Tongue's Yearly Report and Form 10-K for the 365 days finished Dec 31, 2002 (See Item 1: Enterprise and Item 7: Management's Dialog and Diagnostic of economic Sistuation and Outcomes of Operations), and other filings with the Securities and Transfer Commission are included herein by useful resource. The words "believe", "expect", "think through", "project", and similar expressions detect forward-looking statements. Readers are alerted not to place undue reliance upon these forward-looking statements, that reflect management's diagnostic just as of the date hereof. Blonder Tongue undertakes zero legal responsibility to widely edit these forward-looking statements to reflect ceremonies or a situation which come up next the date hereof. Blonder Tongue's factual results could vary from a anticipated results or other anticipations reported in Blonder Tongue's "forward-looking" statements.
Additional Info
Blonder Tongue Laboratories, Inc.
Consolidated Presentation of Operating Results
(in 1000s, except per-share informations)
(unaudited)
3 months finished 6 months finished
June 30, June 30,
----------------------------------
2003 2002 2003 2002
----------------------------------
Internet sales kinh mat thoi trang
Gross money in 2,675 3,051 4,834 6,367
Profits (deficits) from operations (353) 330 (1,304) 834
Internet profits (deficits) (390) 33 (1,148) (6,670)
Internet profits (deficits) for each share:
,500 7,613 7,519 7,613
Diluted 7,500 7,630 7,519 7,613
Consolidated Overview Balance Sheets
(in 1000s)
June 30, 2003 Dec 31,2002
------------- --------------
(unaudited)
Existing possessions $32,199 $34,774
Property, plant, and gear, internet 6,956 6,831
Over all possessions kinh can 49,610 52,002
Existing liabilities 17,213 4,457
Long-term liabilities 394 14,278
Stockholders' equity 32,003 33,267
Over all liabilities and stockholders' equity $49,610 $52,002
