Wegener Reports Final Results For Fourth Quarter and Fiscal Year 2010

Posted by Joe Zaller
Nov 15 2010

Wegener announced that its fourth quarter revenue was $2.6m, down 10% versus the same period a year ago, and up 24% versus the previous quarter.  The company’s loss for the quarter was $315,000, an improvement on the fourth quarter of 2009 when it lost $538,000. Bookings for the quarter were $1.3m versus $1.4m during Q4 last eyar.

For the full year the company posted a loss of $2.3m on revenue of $8.9m compared to revenues of $12.7m and a net loss of $2.6 million for fiscal 2009. Booking for the year were $8.3m versus $5.5m last year.

The company said that its eighteen-month backlog was approximately $6.0m as of September 3, 2010, compared to $4.3 million at August 28, 2009.

“Although the bookings for fiscal 2010 were approximately 51% higher than the bookings in fiscal 2009, our bookings and revenue performance in the fourth quarter fell short of our objectives primarily due to several orders being delayed. While I am pleased with the increase in bookings there is significant room for improvement,” said company president & CEO Troy Woodbury.

.

You can read the Wegener Q4 and full year earnings press release here.

.

One Response

  1. […] This post was mentioned on Twitter by Joe_Zaller, greyhawk. greyhawk said: Wegener Reports Final Results For Fourth Quarter and Fiscal Year 2010 http://goo.gl/fb/6f5pr […]

%d bloggers like this: