This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Blonder Tongue Reports First Quarter 2011 Results

Blonder Tongue Laboratories, Inc. (NYSE Amex: BDR) today announced its sales and results for the first quarter ended March 31, 2011. Net sales for the first quarter 2011 were $5,998,000, compared to $5,594,000 for the first quarter 2010. Net loss for the first quarter of 2011 was $(316,000) or $(0.05) per share, compared to a net loss of $(205,000) or $(0.03) per share for the comparable period in 2010.

The Company’s overall performance can be attributed to the increase in sales of digital video headend products and contract manufactured products along with the reduction in operating expenses due to the previously announced head count and outside consulting fee reductions offset by the decrease in sales across most of the Company’s other product lines.

Sales of digital video headend products were $2,137,000 and $1,742,000 in the first three months of 2011 and 2010, respectively. Sales of contract manufactured products were $624,000 and $213,000 in the first quarter of 2011 and 2010, respectively. Operating expenses were $2,429,000 and $2,676,000 in the first three months of 2011 and 2010, respectively.

Commenting on the first quarter 2011, Chairman and Chief Executive Officer James A. Luksch noted, “As we’ve noted over the years, our first quarter is historically our weakest quarter and 2011’s first quarter is no exception. Although we had a small increase in sales relative to 2010, we recorded a slightly higher loss due to lower gross margins. The lower gross margins were primarily due to product mix and are not indicative of any significant trend. Our key individual product margins remain strong and annualized margins should be consistent with last year. We expect to release two new EdgeQAM products that will expand our coverage of satellite applications and a new EdgeQAM product for CATV applications. Expansion of our encoder line should also increase our digital sales. Assuming reasonable success with the many opportunities available to us, we should experience profitable quarters for the balance of the year on increased sales.”

Conference Call Reminder
  • Monday, May 9, 2011
  • 11:00 AM EDT
  • Live Call #877-407-8033
  • Conference ID #372201

About Blonder Tongue

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 -1.15%
FB $117.58 0.73%
GOOG $693.01 0.29%
TSLA $240.76 -2.81%
YHOO $36.60 0.03%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs