Net sales and net income fell at Blonder Tongue Laboratories Inc. in the second quarter.
The broadband-systems-equipment posted net sales of $9.408 million, down from $10.917 million in the second quarter of 2004. Blonder Tongue reported a second-quarter net loss of $641,000, or $0.08 per share, compared with net income of $236,000 ($0.03) in the year-ago period.
“After having such a positive first quarter, the second-quarter sales performance is disappointing,” CEO James A. Luksch said in a prepared statement. “Our primary goals in 2005 are to reduce slow-moving inventory and improve our sales momentum. These goals are still attainable.”
Weekly digest of streaming and OTT industry news
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.