Blonder Tongue Laboratories, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 06, 2022 at 06:44 pm IST
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Blonder Tongue Laboratories, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 3.34 million compared to USD 3.25 million a year ago. Net loss was USD 1.15 million compared to USD 0.414 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.04 a year ago.
Blonder Tongue Laboratories, Inc., along with its subsidiary R. L. Drake Holdings, LLC (Drake), is a technology research and development company. The Company delivers a range of products and services to telecommunications, cable and fiber optic service delivery operators, as well as broadcasters and media production companies. Its products are deployed in a list of locations, including lodging/hospitality, multi-dwelling units/apartments, broadcast studios/networks, universities/schools, healthcare/hospitals, fitness centers, government facilities/offices, prisons, airports, sports stadiums/arenas, entertainment venues/casinos, retail stores, and small-medium businesses. The Companyâs products are divided into five categories: Encoders and Transcoders, NeXgen Gateway (NXG), Coax Distribution, consumer premise equipment (CPE) and Digital Modulation. Its Encoder/Transcoder Products are used by a system operator for encoding and transcoding of digital video.