Blonder Tongue Reports Smaller 1Q Earnings
Sales of Analog-Headend, Distribution, Interdiction Products Fall
By Christian Lewis -- Multichannel News, 5/15/2007 11:24:00 AM
Network and technology service provider Blonder Tongue Laboratories reported a decrease in net sales for the first quarter of 2007, down 24.7% to $7.499 million from $9.957 million in the first quarter of 2006 (http://www.multichannel.com/article/CA6335579.html).
The company attributed the results primarily to a decrease in sales of the company's analog-headend, distribution and interdiction products. Headend-product sales were $3.887 million, down from $5.05 million; distribution-product sales were $1.463 million, down from $1.963 million; and interdiction-product sales were $198,000, down from $622,000.
“Historically, our first quarter is usually soft, while our second quarter shows improvement,” CEO James A. Luksch said in a prepared statement. “In 2006, our first quarter reaped the unusual benefit of the introduction of several new product offerings, which have now been fully introduced into the marketplace. We are still on course with our China initiative, and we expect noticeable benefits from reduced costs to begin in the second half of 2007, with further improvements thereafter.”
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