Bogen Reports 2012 Fiscal Year Financial Results
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130416:nBw166604a http://www.businesswire.com/news/home/20130416006604/en 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 Copyright Business Wire 2013