Bogen Reports 2011 Third Quarter and Year-to-Date Financial Results

Wed Nov 16, 2011 1:28pm EST

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Bogen Reports 2011 Third Quarter and Year-to-Date Financial Results

Bogen Communications International, Inc., (Pink Sheets: BOGN) today announced results for the third quarter and nine months ended September 30, 2011.

Unaudited Results: Third Quarter Ended September 30,

Dollars in 000’s       2011 Consolidating       2010 Consolidating
Total   Domestic   Foreign Total   Domestic   Foreign
Net Sales $11,856 $10,108 $1,748 $13,298 $10,680 $2,618
Gross Profit 5,406 4,085 1,321 5,814 4,132 1,682
Gross Profit % 45.6% 40.4% 75.6% 43.7% 38.7% 64.2%
Income (Loss) Before Taxes 851 1,258 (407) 1,250 1,320 (70)
Net Income (Loss) $469 $759 $(290) $864 $913 $(49)
 

Unaudited Results: Fiscal Year-to-date Ended September 30,

Dollars in 000’s       2011 Consolidating       2010 Consolidating
Total   Domestic   Foreign Total   Domestic   Foreign
Net Sales $34,450 $28,076 $6,374 $34,246 $28,344 $5,902
Gross Profit 15,558 11,167 4,391 14,933 10,916 4,017
Gross Profit % 45.2% 39.8% 68.9% 43.6% 38.5% 68.1%
Income (Loss) Before Taxes 1,870 2,699 (829) 1,392 3,319 (1,927)
Net Income (Loss) $1,081 $1,676 $(595) $874 $2,273 $(1,399)
 

Selected Balance Sheet Data:

    September 30, 2011     December 31, 2010
Cash and Cash Equivalents $1,941 $944
Net Trade Receivables 3,411 3,309
Inventories 4,987 5,887
Total Current Assets 12,088 12,157
Total Assets 32,835 32,470
Revolving, Short-term, and Current Maturities of Long-term Debt 2,350 1,600
Current Liabilities 10,509 9,929
Long Term Debt, Net of Current Maturities 4,590 6,120
Total Liabilities 15,483 16,335
Total Stockholders’ Equity $17,352 $16,135
 

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