Wegener Losses Widen, CEO Disappointed

Posted by Joe Zaller
Apr 05 2011

Wegener announced that it recorded a net loss of $971,000 on revenue of $1.4m in the second quarter of its 2011 fiscal year. The results are significantly lower than the previous quarter, when the company lost approximately $26,000 on revenue of $3m.

For the first six months of the fiscal year, the company posted a net loss of $966,000 on revenue of $4.4m.

Company president and CEO Troy Woodbury said he was disappointed by the results, but that he remains encouraged as the company “continues to significant opportunities, both domestically and internationally.” 

Woodbury said that the company’s Q3 is off to a good start, with Wegener already booking approximately $941,000 in new orders since the beginning of March 2011.

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Related Content:

You can read the Wegener Q2 2011 earnings press release here.

Information on Wegener’s Q1 2011 earnings is here.

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