Blonder Tongue Hits Downturn

3/31/2004 2:54 AM Eastern

Blonder Tongue Laboratories Inc. reported a loss of $2.181 million from operations in 2003 on net sales of $35.437 million, versus earnings from operations of $1.724 million and net sales of $46.951 million in 2002.

The cable-products vendor said it was hit hard by WSNet Inc.’s bankruptcy.

For the fourth quarter, net sales dropped to $9.106 million from $11.633 million in the prior-year period, and the company’s net loss was $1.536 million versus $323,000 in fourth-quarter 2002.


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