Bogen Communications International Announces Third Quarter Results.RAMSEY Ramsey, residential borough (1990 pop. 13,228), Bergen co., NE N.J.; settled 1846, inc. 1908. Dairy and truck farms are in the area. , NJ--(BUSINESS WIRE)--Nov. 12, 1997--Bogen Communications, International Inc. (AMEX AMEX See: American Stock Exchange :BGN BGN In currencies, this is the abbreviation for the Bulgarian Lev. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) ("Bogen Bogen may refer to the following locations:
For the quarter, revenues were $13.1 million, compared with $12.4 million reported for the third quarter 1996, an increase of 5.6 percent. Net income for the quarter was $901,000, or $0.16 per share, compared with $749,000, or $0.13 per share, for the same quarter last year, an increase of 20.3 percent. For the nine months ended Sept. 30, 1997, revenues were $37.1 million, compared with $34.1 million reported for the nine months ended Sept. 30, 1996, an increase of 8.8 percent. Net income for the nine months was $1,874,000, or $0.33 per share, compared with $1,350,000, or $0.23 per share, for the same nine months in 1996, an increase of 38.8 percent. Revenues for the company's European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. subsidiary, Speech Design GmbII increased by 10.63 percent and 18.52 percent, in US Dollars for the quarter and nine months compared to the same period in 1996. Bogen Communications International Inc., based in Ramsey, and in Munich Munich (my  `nĭk), Ger. München (mün`khən), city (1994 pop. 1,255,623), capital of Bavaria, S Germany, on the Isar River near the Bavarian Alps. , Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). develops, manufactures and markets telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. peripherals and sound processing equipment. Bogen's products are
sold to commercial, industrial, professional and institutional customers
worldwide. -0- Bogen(R) is a registered trademark of Bogen
Communications Inc.(C)1997, All Rights Reserved, Bogen Communications Inc. -0-
Bogen Communications International, Inc.
Financial Summary
(Unaudited)
(In Thousands of Dollars, Except Per Share Amounts)
Three Months Ended Nine Months Ended
Sept. 30, Sept. 30,
1997 1996 1997 1996
Revenues $13,090 $12,388 $37,135 $34,078
Cost of Goods Sold 7,091 6,530 20,024 18,628
Gross Profit 5,999 5,858 17,111 15,450
Operating Expenses:
Research and development 617 808 1,992 2,150
Selling, general and
administrative 3,675 3,794 10,991 10,278
Amortization of goodwill
and intangible assets 111 110 332 330
Income from Operations 1,596 1,146 3,796 2,692
Other (income) expenses:
Interest expense, net 113 167 336 476
Interest expense to
related parties (5) 21 16 49
Minority interest of
consolidated subsidiaries 119 125 393 228
Other (income) expense (19) -- (53) --
Income before income taxes 1,388 833 3,104 1,939
Provision for income taxes 487 84 1,230 589
Net Income $ 901 $ 749 $1,874 $1,350
Net Income per Common Share $ 0.16 $ 0.13 $ 0.33 $ 0.23
Weighted Average Number of
Common Shares Outstanding 5,758,850 5,758,850 5,758,850 5,759,100
CONTACT: Bogen Communications International Inc. Yoav M. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , 201/934-8500 |
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