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Bogen Reports 2008 Fourth Quarter and Fiscal Year Financial Results

Wed. March 18, 2009; Posted: 02:55 PM
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RAMSEY, N.J., Mar 18, 2009 (BUSINESS WIRE) -- BOGN | Quote | Chart | News | PowerRating -- Bogen Communications International, Inc., (Pink Sheets: BOGN | Quote | Chart | News | PowerRating) today announced results for the fourth quarter and year ended December 31st, 2008.

Unaudited Results: Fourth Quarter
Dollars in 000's                   2008 Consolidating                      2007 Consolidating
                                   Total       Domestic      Foreign       Total       Domestic      Foreign
Net Sales                          $ 14,458    $  8,903      $  5,555      $ 14,965    $  9,811      $  5,154
Gross Profit                         8,424        3,606         4,818        7,680        3,938         3,742
Gross Profit %                       58.3   %     40.5   %      86.7   %     51.3   %     40.1   %      72.6   %
Income (Loss) Before Taxes           1,452        (119   )      1,571        1,039        158           881
Net Income (Loss)                  $ 1,131     $  (28    )   $  1,159      $ 422       $  161        $  261
Audited Results: Fiscal Year
Dollars in 000's                   2008 Consolidating                      2007 Consolidating
                                   Total       Domestic      Foreign       Total       Domestic      Foreign
Net Sales                          $ 59,406    $  41,108     $  18,298     $ 55,065    $  40,783     $  14,282
Gross Profit                         30,889       16,839        14,050       27,767       17,218        10,549
Gross Profit %                       52.0   %     41.0   %      76.8   %     50.4   %     42.2   %      73.9   %
Income (Loss) Before Taxes           3,496        2,120         1,376        2,984        2,837         147
Net Income (Loss)                  $ 2,349     $  1,352      $  997        $ 1,592     $  1,819      $  (227   )
Selected Audited Balance Sheet Data as of December 31st:
                                                          2008       2007
Cash                                                      $  6,630   $  7,470
Net Trade Receivables                                        7,728      7,173
Inventory                                                    6,138      6,371
Total Current Assets                                         22,942     23,838
Total Assets                                                 40,696     41,658
Current Liabilities                                          8,934      8,761
Long Term Debt, Net of Current Maturities                    0          0
Total Liabilities                                            9,678      9,526
Total Liabilities & Stockholders' Equity                  $  40,696  $  41,658

Please 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, and markets telecommunications peripherals, sound processing equipment, and Unified Messaging products and services. Bogen's products are sold to commercial, industrial, professional, and institutional customers worldwide.

SOURCE: Bogen Communications International, Inc.

Bogen Communications International, Inc. 
Maureen A. Flotard, 201-934-8500 
CFO and VP-Finance
For full details for BOGN click here.

    


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