Blonder Tongue Reports Second Quarter And Six Month 2012 Results

Blonder Tongue Laboratories, Inc. (NYSE MKT:BDR) today announced its sales and results for the second quarter and six months ended June 30, 2012.

Net sales increased $597,000 or 8.3%, to $7,803,000 in the second three months of 2012 from $7,206,000 in the second three months of 2011. The increase is primarily attributed to an increase in sales of digital video headend products, offset by a decrease in sales of the ClassRoomEdge™ product line, the digital transition product line and contract manufactured products. Sales of digital video headend products were $3,841,000 and $2,467,000, ClassRoomEdge™ products were zero and $174,000, digital transition products were $39,000 and $230,000 and contract manufactured products were $571,000 and $939,000 in the second three months of 2012 and 2011, respectively. The RLD Acquisition contributed $1,851,000 to net sales for the second three months of 2012.

Net loss was $(583,000) or $(0.09) per share for the second three months of 2012 compared to net earnings of $105,000 or $0.02 per share for the corresponding period of 2011.

Net sales increased $1,107,000, or 8.4%, to $14,311,000 in the first six months of 2012 from $13,204,000 in the first six months of 2011. The increase is primarily attributed to an increase in sales of digital video headend products, offset by a reduction in ClassRoomEdge™ product line sales and contract manufactured product sales. Sales of digital video headend products were $6,474,000 and $4,604,000, ClassRoomEdge™ product sales were $6,000 and $445,000 and contract manufactured product sales were $1,146,000 and $1,563,000 in the first six months of 2012 and 2011, respectively. The RLD Acquisition contributed $3,252,000 to net sales for the first six months of 2012.

The Company has experienced and expects to continue to experience a shift in product mix from analog products to digital products.

Net loss was $(2,063,000) or $(0.33) per share for the first six months of 2012 compared to a net loss of $(211,000) or $(0.03) per share for the corresponding period of 2011.

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