Bogen Communications International Reports Record Third Quarter Sales and EPS.RAMSEY, N.J.--(BUSINESS WIRE)--Nov. 15, 1999-- Bogen Communications International, Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BOGN) ("Bogen") today announced results for the third quarter andrgin The Company's gross margin rose to ncreased to 52.1% versus 49.2% in the first ninor the current third quarter was $1,578,000, or $0.22 per diluted share, up from $1,542,000 or $.20 per dilutApogee Sound at the end of August '99. nd launches, the expansion of the Company's sales force, and expanded sales and marketing programs. Comments by Michael P. Fleischer Michael P. Fleischer, by a number of significant accomplishments. In t acquisitions. We have dramatically added to oketing effort. We have put in place a special group of talented sales and support personnel to help us develbeen able to generate good numbers so far despit Jonathan Guss, Bogen's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commenting on thstandard. We are far along in discussions with two additional major ISPs serving France and Germany. Bogen expects to announce final agreements with these two ISPs withinull range SD's voicemail products, to both its business." Mr. Guss went on to say, "Our balance sheet remains strong; virtually all our interest bearing debt stems from the acquisitions of Thor unified messagint, along with signs of greater realism in pricinound processing equipment, and unified messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. products and services. Bogen's products are sold to commercial, industrial, professional and institutional customers worldwide. Except for historical information contained herein, the statements made in this release constitute forward-looking statements that involve certain risks and uncertainties. Certain factors may cause actual results, or anticipated events, to differ materially from those described in the forwnancing alternatives for the Company or one or more of its subsidiaries in the U.S and in Europe, and other for the fiscal year ended December 31, 1998 and Bogen's Form 10-Q Form 10-Q See 10-Q. for the fiscal quarters ended March 31, 1ing statements, whether as a result of new info Sept. 30, Sept. 30, Sept. 30, Sept. 30, 1999 1998 1999 1998 Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight $16,045 $14,752 $42,328 $39,386 and development will and intangible assets 192 166 545 41 96 126 201 Minori (132) ------- ------- ------- ------- 2,255 2,385 4,667 1,886 Provision for income taxes 677 843 1,483 1,766 - - - 900 common shareholders $ 1,578 $ 1,542 $ 3,184 $ (780) Diluted net income per common share $ 0.22 $ 0.20 $ 0.41 $ (0.21) ======= ======= ======= ======= Weighted average number of common Diluted 7,245,594 7,807,177 7TIONAL, INC. AND SUBSIDIARIES 1999 1998 $ 645 $ 1,048 Accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying (less allowance for doubtful accounts of $686 a -------- -------- TOTAL CURR v. i. 1. To coo. The owlets hoot, the owlets curr. - Wordsworth. 2,606 2,414 Goodwill and intangible assets, net 19,972 18,740 Other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. 363 198 TOTAL ASSETS Advances and notes payable to related parties 206 227 Deferred income taxes 1,081 1,100 Other liabilities other liabilities Small and relatively insignificant liabilities. For financial reporting purposes, firms often combine small liabilities into this single category rather than listing each liability separately. ommon stock- $.001 par value; 50,000,000 shaonal paid-in-capital 29,667 29,433 Retained earnings Retained Earnings The percentage of net earnings not paid out in dividends, but retained by the company to be reinvested in its core business or to pay debt. It is recorded under shareholders equity on the balance sheet. (deficit) -------- -------- TOTAL STOCKHOL 43,633 $ 37,747 ======== ======== |
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