Bogen Reports 2012 Second Quarter and Year-to-Date Financial Results

Thu Aug 2, 2012 5:00pm EDT

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Bogen Reports 2012 Second Quarter and Year-to-Date Financial Results

Bogen Communications International, Inc., (Pink Sheets: BOGN) today announced results for the second quarter and six months ended June 30, 2012.

 

Unaudited Results: Second Quarter Ended June 30,

Dollars in 000’s  

2012 Consolidating

 

2011 Consolidating

Total

 

Domestic

 

Foreign

Total

 

Domestic

 

Foreign

Net Sales $12,581 $10,198 $2,383 $12,715 $10,343 $2,372
Gross Profit 5,270 3,760 1,510 5,609 4,094 1,515
Gross Profit % 41.9 % 36.9 % 63.4 % 44.1 % 39.6 % 63.9 %
Income (Loss) Before Taxes 501 835 (334 ) 940 1,215 (275 )
Net Income (Loss) $314 $551 $(237 ) $567 $763 $(196 )
 

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

Dollars in 000’s

2012 Consolidating

2011 Consolidating

Total

Domestic

Foreign

Total

Domestic

Foreign

Net Sales $23,794 $18,003 $5,791 $22,594 $17,968 $4,626
Gross Profit 10,314 6,705 3,609 10,152 7,082 3,070
Gross Profit % 43.3 % 37.2 % 62.3 % 44.9 % 39.4 % 66.4 %
Income (Loss) Before Taxes 962 869 93 1,019 1,441 (422 )
Net Income (Loss) $648 $590 $58 $612 $917 $(305 )
 
   
Selected Balance Sheet Data:

June 30, 2012

December 31, 2011

(Unaudited)
Cash and Cash Equivalents $1,582 $2,057
Net Trade Receivables 5,984 5,288
Inventories 5,392 4,909
Total Current Assets 15,063 14,316
Total Assets 35,449 34,950
Revolving, Short-term, and Current Maturities of Long-term Debt 1,569 1,663
Current Liabilities 11,853 11,246
Long Term Debt, Net of Current Maturities 4,334 4,965
Total Liabilities 16,728 16,779
Total Stockholders’ Equity $18,721 $18,171
 

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

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