Wegener swings to a loss of USD0.538m in Q4 2009

Posted on: Thu, 26 Nov 2009 02:56:00 EST


Symbols: WGNR
Nov 26, 2009 (M2 EQUITYBITES via COMTEX) --
WGNR | Quote | Chart | News | PowerRating -- Wegener Corporation (Nasdaq: WGNR | Quote | Chart | News | PowerRating) reported on Wednesday a net loss of
USD0.538m or USD0.04 per share for the fourth quarter 2009, ended 28
August 2009.

This was a decline over net earnings of USD0.873m or USD0.07 per share
in the fourth quarter of 2008.

Revenues for the quarter were USD2.9m, as compared with USD5.4m in the
corresponding quarter of the prior year.

For the fiscal year net loss was USD2.6m or USD0.21 per share, as
compared with net earnings of USD0.383m or USD0.03 per share in fiscal
2008.

Also, revenues for the fiscal year were USD12.7m, a decline over
USD21.5m in fiscal 2008.

Wegener Corporation is a provider of digital solutions for video,
audio, and IP data networks.

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For full details on Wegener Corp (WGNR) WGNR. Wegener Corp (WGNR) has Short Term PowerRatings at TradingMarkets. Details on Wegener Corp (WGNR) Short Term PowerRatings is available at This Link.

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