Bogen Reports 2011 First Quarter Financial Results

Wed May 11, 2011 7:22pm EDT

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Bogen Reports 2011 First Quarter Financial Results

Bogen Communications International, Inc., (Pink Sheets: BOGN) today announced results for the first quarter ended March 31, 2011.

Unaudited Results: First Quarter Ended March 31,

Dollars in 000’s

   

2011 Consolidating

   

2010 Consolidating

Total

   

Domestic

   

Foreign

Total

   

Domestic

   

Foreign

Net Sales $9,879 $7,625 $2,254 $9,461 $7,504 $1,957
Gross Profit 4,543 2,988 1,555 4,277 2,827 1,450
Gross Profit % 46.0% 39.2% 69.0% 45.2% 37.7% 74.1%
Income (Loss) Before Taxes 79 226 (147) (8) 763 (771)
Net Income (Loss) $45 $154 $(109) $14 $557 $(543)
 

Unaudited Selected Balance Sheet Data:

   

March 31, 2011

   

December 31, 2010

Cash and Cash Equivalents $609 $944
Net Trade Receivables 3,849 3,309
Inventories 6,443 5,887
Total Current Assets 12,767 12,157
Total Assets 33,435 32,470
Revolving, Short-term, and Current Maturities of Long-term Debt 2,854 1,600
Current Liabilities 11,114 9,929
Long Term Debt, Net of Current Maturities 5,610 6,120
Total Liabilities 17,015 16,335
Total Stockholders’ Equity $16,420 $16,135
 

Please visit Bogen’s website at www.bogen.com for the complete Consolidated Financial Statements, as well as additional information about the Company and its products and services.

About Bogen

Bogen Communications International, Inc., based in Ramsey, New Jersey, and Germering, Germany, develops, manufactures, markets, and sells telecommunications peripherals, sound processing and audio amplification equipment, and voice messaging and related products and services to commercial, industrial, professional, educational, and institutional customers worldwide.

Bogen Communications International, Inc.
Maureen A. Flotard, 201-934-8500
Chief Financial Officer and Vice President-Finance