Advertisement
News
Advertisement

Blonder Tongue revenues and losses rise

Thu, 05/12/2005 - 8:00pm
Jeff Baumgartner

Blonder Tongue Laboratories said Q1 revenues rose 8.7 percent to $9.2 million, while operating losses grew to $603,000 compared to $122,000 in the year-ago period.

Blonder Tongue attributed the sales increase to increased cable capital spending on the vendor's headend and distribution gear. The wider loss was blamed on an inventory reserve of $603,000.

Company Chairman & CEO James Luksch said Blonder Tongue is allocating "considerable resources" to sell and/or convert the excess inventory.

Advertisement

Share This Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading