Bogen Reports 2012 Fiscal Year Financial Results

Tue Apr 16, 2013 3:35pm EDT

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RAMSEY, N.J.--(Business Wire)--
Bogen Communications International, Inc., (Pink Sheets: BOGN) today announced
results for the fiscal year ended December 31, 2012. 

Bogen Corporation and Subsidiaries was a subsidiary of Bogen Communications
International, Inc. until December 21, 2012, at which time it was spun off and
began operating as a separate company. For financial reporting purposes, the
operations of Bogen Corporation and Subsidiaries prior to the spin-off are shown
as discontinued operations. 

Audited Results: Fiscal Year Ended December 31,

 Dollars in 000`s              2012                                        2011                                     
                               Total       Continuing      Discontinued    Total      Continuing      Discontinued  
                                           Operations      Operations                 Operations      Operations    
 Net Sales                     $11,750     $11,750                         $9,978     $9,978                        
 Gross Profit                  7,466       7,466                           6,625      6,625                         
 Gross Profit %                63.5%       63.5%                           66.4%      66.4%                         
 Income (Loss) Before Taxes    280         280                             (553)      (553)                         
 Net Income (Loss)             $2,902      $224            $2,678          $2,182     $(159)          $2,341        
                                                                                                                    


 Selected Balance Sheet Data:                    December 31, 2012    December 31, 2011  
                                                                                         
 Cash and Cash Equivalents                       $539                 $573               
 Net Trade Receivables                           3,176                2,891              
 Inventories                                     327                  347                
 Goodwill and Intangible Assets                  4,864                4,496              
 Total Assets of Discontinued Operations         -                    21,177             
 Total Assets                                    12,941               34,950             
                                                                                         
 Current Liabilities                             5,088                5,726              
 Total Liabilities                               5,120                5,985              
 Total Liabilities of Discontinued Operations    -                    10,794             
 Total Stockholders` Equity                      $7,821               $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, markets, and sells voice messaging and related
products and services to customers primarily in Europe and the Middle East.

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

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