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
TheStreet Open House

PHAZAR CORP Announces Fiscal Second Quarter 2012 Financial Results

Stocks in this article: ANTP

PHAZAR CORP, (NASDAQ: ANTP) designs, manufactures and markets antennas, towers, support structures, masts and communication accessories worldwide. Today, PHAZAR CORP announces the unaudited results of operations for the three and six month periods ended December 31, 2011.

Second Quarter Fiscal Year 2012

Revenues for the quarter were $2,092,367 down $66,460, or 3% from $2,158,827 for the second quarter of fiscal year 2011. The sales declines are largely attributable to the same factors that impacted first fiscal quarter, significantly lower FAA related sales and lower commercial sales as wireless antenna projects continued to be delayed because of the now canceled ATT-T Mobile combination. The gross profit margin for the quarter, at 39% is down 3 basis points from the 42% gross margin reported in the comparable period last year.

Sales and administrative expenses were up 29% to $719,588 from $555,949 in the prior year, reflecting a higher level of marketing wages and commission expense. Research and development costs of $127,398 were also up $112,422 from $14,976 last year primarily due to engineering costs on new antenna designs.

The Company recognized net income of $4,471, or $0.00 per share for the second quarter, compared to a net income of $23,682, or $0.01 per share, in last year’s fiscal second quarter.

Six Month Period Ending December 31, 2011

The Company reported revenues for the six-month period of $3,507,585, a decrease of $1,175,381, or 25% compared to $4,682,966 for the comparable period last year. Net loss for the six-month period was $115,784, or $0.05 per share compared to a net income of $276,385, or $0.12 per share for the comparable period last year.

Backlog of Orders

The Company’s backlog of orders on December 31, 2011, totaled $1,442,802, down 49% compared to backlog of $2,815,511 at December 31, 2010 and down 37% from June 30, 2011. Incoming orders for the six-month period ended December 31, 2011 totaled $2,693,051 versus $5,138,588 for the six-month period ended December 31, 2010, a decrease of 48% year over year.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs