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WEGENER CORPORATION ANNOUNCES FIRST QUARTER RESULTS -- BACKLOG UP --

 DULUTH, Ga., Jan. 12 /PRNewswire/ -- Wegener Corporation (NASDAQ: WGNR) today announced that the operating results from continuing operations were a loss of $(215,000), or $(0.03) per share, for the three months ended Nov. 26, 1993, compared to a loss of $(77,000), or $(0.01) per share for the three months ended Nov. 27, 1992.
 The company's revenues for the first quarter of fiscal 1994 were $3,362,000, down 10.8% from revenues of $3,767,000 for the same period in fiscal 1993. Direct Broadcast Satellite (DBS) revenues decreased 14.5% primarily due to completion of shipments to a specialized video network provider in the first quarter of fiscal 1993. Telecom and Custom Products Group revenues decreased 5.6%.
 Wegener's backlog was approximately $8,514,000 as of Nov. 26, 1993 compared to $6,621,000 at Aug. 27, 1993, and $5,246,000 at Nov. 27, 1992. This backlog is reflective of customers confidence in Wegener's high quality and reliable products, and the company's continuing focus on new product development.
 The company's gross profit margin was 33.6% for the three month period ended Nov. 26, 1993, compared to 31.8% for the three month period ended Nov. 27, 1992. The increase reflects improved manufacturing efficiencies and successful efforts to control costs.
 In releasing the results, Wegener Communications President Robert A. Placek said: "We are gratified by the solid improvement in our domestic and international orders during the quarter. Despite the loss for the first quarter, which was the function of a low level of shipments and of an increased investment in sales and marketing, we remain optimistic that Wegener will return to profitability during the fiscal year."
 Wegener Corporation, a market leader in satellite communications technology, designs and manufactures transmission and receiving equipment for the business broadcast, data communications, and broadcast radio and television industries for worldwide markets.
 WEGENER CORPORATION AND SUBSIDIARIES
 Summarized Operations Data
 (in $000s except for per-share amounts)
 (Unaudited)
 3 mos. ended
 11/26/93 11/27/92
 Revenues $ 3,362 $ 3,767
 Loss from continuing
 operations before
 income taxes (215) (77)
 Income tax benefit --- ---
 Loss from continuing
 operations (215) (77)
 Discontinued operations:
 Earnings from discontinued
 operations net of income
 tax expense --- 77
 Net loss $ (215) $ ---
 Loss per common and common equiv. share:
 Loss from continuing
 operations $ (.03) $ (.01)
 Earnings from discontinued
 operations --- .01
 Net loss $ (.03) $ ---
 Wtd. avg. no. of shares
 outstanding 7,494 7,386
 -0- 1/12/94
 /CONTACT: C. Troy Woodbury Jr., treasurer and chief financial officer, Wegener Corp., 404-623-0096; or Desmond Towey or George Robinson of Desmond Towey & Associates, 212-888-7600, for Wegener Corp./
 (WGNR)


CO: Wegener Corporation ST: Georgia IN: CPR SU: ERN

BR-JS -- AT010 -- 1022 01/12/94 14:03 EST
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Publication:PR Newswire
Date:Jan 12, 1994
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