Bogen Reports 2011 Fiscal Year Financial Results
March 15 2012 - 5:40PM
Business Wire
Bogen Communications International, Inc., (Pink Sheets: BOGN)
today announced results for the fiscal year ended December 31,
2011.
Unaudited Results: Fourth Quarter Ended
December 31,
Dollars in
000’s
2011
Consolidating
2010
Consolidating
Total
Domestic
Foreign
Total
Domestic
Foreign
Net Sales $12,624 $9,020 $3,604
$10,574 $8,037 $2,537 Gross Profit
5,771 3,537 2,234 5,012 3,059
1,953 Gross Profit % 45.7% 39.2%
62.0% 47.4% 38.1% 77.0% Income
Before Taxes 1,175 670 505 395
374 21 Net Income (Loss) $1,101
$671 $430 $70 $155 $(85)
Audited Results: Fiscal Year Ended
December 31,
Dollars in 000’s
2011
Consolidating
2010
Consolidating
Total
Domestic
Foreign
Total
Domestic
Foreign
Net Sales $47,074 $37,096 $9,978
$44,820 $36,381 $8,439 Gross Profit
21,329 14,704 6,625 19,945
13,975 5,970 Gross Profit % 45.3%
39.6% 66.4% 44.5% 38.4% 70.7%
Income (Loss) Before Taxes 3,045 3,369
(324) 1,787 3,693 (1,906) Net Income
(Loss) $2,182 $2,347 $(165) $944
$2,427 $(1,483)
Selected Balance Sheet Data:
December 31,
2011
December 31,
2010
Cash and Cash Equivalents $2,057 $944 Net
Trade Receivables 5,288 3,309 Inventories
4,909 5,887 Total Current Assets 14,316
12,510 Total Assets 34,950 32,823
Revolving, Short-term, and Current Maturities of Long-term
Debt 1,663 1,600 Current Liabilities
11,246 10,282 Long Term Debt, Net of Current
Maturities 4,965 6,120 Total Liabilities
16,779 16,688 Total Stockholders’ Equity
$18,171 $16,135
Visit Bogen’s website at www.bogen.com for the complete
Consolidated Financial Statements, as well as additional
information about the Company and its products and
services.
About Bogen
Bogen Communications International, Inc., based in Ramsey, New
Jersey, and Germering, Germany, develops, manufactures, markets,
and sells telecommunications peripherals, sound processing and
audio amplification equipment, and voice messaging and related
products and services to commercial, industrial, professional,
educational, and institutional customers worldwide.