Wegener Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended August 31, 2012; Provides Earnings Guidance for the First Quarter of Fiscal 2013, Ended November 30, 2012
December 17, 2012 at 08:30 am EST
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Wegener Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended August 31, 2012. For the quarter, the company reported revenues of $1,530,000, operating loss of $338,000, and a net loss of $433,000 or $0.03 per basic and diluted share compared to revenues of $2,493,000, operating income of $122,000 and net earnings of $33,000 or less than $0.01 per share for the same period ended September 2, 2011.
For the year, the company reported revenues of $7,195,000, operating loss of $2,413,000, and a net loss of $2,782,000 or $0.21 per basic and diluted share compared to revenues of $9,111,000, operating loss of $1,100,000 and net loss of $1,466,000 or $0.11 per basic and diluted share for the same period ended September 2, 2011.
The company expects to report an operating loss for the first quarter of fiscal 2013, ended November 30, 2012.
Wegener Corporation is engaged in digital media management and distribution technologies for digital signage, radio, and television. It designs, manufactures, and distributes satellite communications electronics equipment in the United States and internationally. Its Digital signage manages thousands of screens from a single content management system over satellite or Internet protocol (IP)networks. Its radio satellite or IP delivery to affiliate stations, including centralized management, localized playout, advanced copy splits, and sophisticated verification. The television manages localized campaigns and program insertions from a central location. Its WEGENER iPump professional audio server is an IP/satellite audio distribution platform designed specifically for the radio network. Its professional radio products include iPump 8640 four-channel professional audio server, iPump 8620 two-channel professional audio server, and iPump 8610 single-channel professional audio server.
Wegener Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended August 31, 2012; Provides Earnings Guidance for the First Quarter of Fiscal 2013, Ended November 30, 2012