JOHNS CREEK, GA — (Marketwire) — 02/06/13 — Wegener Corporation (PINKSHEETS: WGNR), a provider of products for television, audio and data distribution networks worldwide, today announced final operating results for the first quarter of fiscal 2013 ended November 30, 2012.
Final operating results for the first quarter of fiscal 2013 were revenues of approximately $1.4 million and a net loss of approximately $(408,000) or $(0.03) per share, compared to revenues of approximately $1.4 million and a net loss of approximately $(857,000) or $(0.07) per share for the same period in fiscal 2012.
Wegener Corporation-s eighteen-month and total multi-year backlog was approximately $2.5 million and $2.7 million at November 30, 2012, compared to $3.6 million and $3.6 million at December 2, 2011. Bookings for the first quarter of 2013 were approximately $784,000 compared to approximately $884,000 for the same period in fiscal 2012.
First quarter bookings were characterized by continuing support from domestic customers and customers in Latin America and Europe who continue to maintain and expand their networks utilizing Wegener products and control technology.
“I am very optimistic about near-term opportunities which include continued growth in Latin America and a stronger presence in the domestic digital signage market,” stated Ken Leffingwell, Vice President Worldwide Sales. “Projects that have been stalled in the sluggish economy are showing renewed activity while new projects are being uncovered. Our efforts over the past year to develop and support sales channels are beginning to pay off.”
“Wegener is very focused on the upcoming Digital Signage Expo in Las Vegas and we will be making some exciting announcements in the next few weeks prior to the show. These include both new product introductions as well as technology partnerships,” stated Troy Woodbury, President and CEO of Wegener Corporation.
“Although our financial results do not yet reflect it, we are making progress. We will be reporting an operating loss for the second quarter of fiscal 2013, and our cash flow continues to be very tight. We are keeping tight control on expenses as we seek additional financing for the Company.”
WEGENER® (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation (PINKSHEETS: WGNR), is an international provider of digital video and audio solutions for broadcast television, radio, telco, private and cable networks. With over 30 years experience in optimizing point-to-multipoint multimedia distribution over satellite, fiber, and IP networks, WEGENER offers a comprehensive product line that handles the scheduling, management and delivery of media rich content to multiple devices, including video screens, computers and audio devices. WEGENER focuses on long- and short-term strategies for bandwidth savings, dynamic advertising, live events and affiliate management.
WEGENER-s product line includes: iPump® media servers for file-based and live broadcasts; COMPEL® Network Control and COMPEL® Conditional Access for dynamic command, monitoring and addressing of multi-site video, audio, and data networks; and the Unity® satellite media receivers for live radio and video broadcasts. Applications served include: digital signage, linear and file-based TV distribution, linear and file-based radio distribution, Nielsen rating information, broadcast news distribution, business music distribution, corporate communications, video and audio simulcasts.
WEGENER® can be reached at (770) 814-4000 or at .
Jim Traicoff
CFO
Wegener Corporation
(770) 814-4000
FAX (770) 623-9648
You must be logged in to post a comment Login