Posts Tagged ‘Troy Woodbury’

Losses Continue at Wegener in Q3 2011

broadcast technology market research, Broadcast technology vendor financials | Posted by Joe Zaller
Jul 18 2011

Wegener Corporation announced final operating results for the third quarter of fiscal 2011, which ended June 3, 2011. The company posted a net loss of $503,000 on revenue of $2.2m for the quarter, compared to revenues of $2.1m and a net loss of $487,000 for the same period in fiscal 2010.

For the nine months ended June 3, 2011, Wegener lost $1.5m on revenue of $6.6m, compared to a lost of $2m on revenue of $6.3m for the same period last year.

The company said its 18 month order backlog at the end of the quarter was approximately $5.2m, down from $6.5m last year.

“Our bookings performance through the third quarter has been disappointing and we expect an operating loss for the fourth quarter of this fiscal year,” said company president and CEO Troy Woodbury. “Several key orders did not solidify in fiscal 2011, but we have continued to aggressively pursue them. We are optimistic that those orders will book in coming quarters. Our third quarter bookings, revenues, and operating results were a significant improvement over the second quarter of this year. That improvement, and the  continued progress we are making on the domestic and international opportunities before us, are very encouraging as we continue our efforts to improve Wegener’s performance.”

 

Related Content:

Wegener Press Release: Wegener Corporation Reports Final Results For Third Quarter Fiscal Year 2011

Wegener Q3 2011 earnings conference call transcript

Q2 Results: Wegener Losses Widen, CEO Disappointed

Previous Year Results

 

Wegener Reports Q3 Results, Losses Continue

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Jun 15 2011

Wegener Corporation announced that its revenue for the third quarter of fiscal 2011 was approximately $2.2m, down 5% versus the same period last year.  The company posted a net loss of $503,000 for the quarter, compared to a net loss of $487,000 during the third quarter last year.

For the first nine months of the company’s fiscal, Wegener had posted a net loss of $1.6m on revenues of $6.6m, compared to a net loss of $2m on revenues of $6.3m for the same period in fiscal 2010.

Bookings for the third quarter and the first nine months of fiscal 2011 were approximately $1.6m and $5.5m respectively, compared to $3m and $6.9m respectively for the same periods in fiscal 2010.

“We are encouraged by the approximately 55% improvement in our third quarter revenues and the approximately 48% reduction in our third quarter net loss compared to the second quarter of this year and are continuing efforts to improve Wegener’s performance,” stated Troy Woodbury, President and CEO of Wegener Corporation. “Momentum that began to build last fiscal year has not been lost as we have significant domestic and international opportunities before us. We are making progress and remain committed to Wegener’s success.”

Wegener Losses Widen, CEO Disappointed

Broadcast technology vendor financials, Quarterly Results | 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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Wegener Says Preliminary Q1 Results are a Significant Improvement

broadcast industry trends, Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Dec 10 2010

Wegener today issued preliminary results for the first quarter of fiscal 2011, which ended December 3, 2010.  The company, which called the results a significant improvement, said that it lost approximately $26,000 on revenue of $3m compared to revenues of $1.9m and a net loss of $990,000 during the same period last year. Final results will be released on January 17, 2011.

The company said its 18-month backlog was approximately $6.3m at the end of the quarter, compared to $4.2 million at the end of the first quarter of the previous fiscal year.

Company president & CEO Troy Woodbury said that while he was not satisfied with the company’s performance, he is pleased with the real progress the Wegener team is making.  “Our bookings and revenue performance in the first quarter of fiscal 2011 was a strong improvement over each of the quarters of fiscal 2010 and the first quarter operating loss was less than any of the quarters in fiscal 2010,” said Woodbury.

The company also said that it has recently granted 1.16m shares in stock options and restricted stock to senior executives, all other employees, and members of its board.

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You can read the full Wegener preliminary Q1 2011 earnings press release here.

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Wegener Reports Final Results For Fourth Quarter and Fiscal Year 2010

Broadcast technology vendor financials, Quarterly Results | 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.

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

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Wegener Reports Preliminary Results for Q4 and Full 2010 Fiscal Year

broadcast industry trends, broadcast technology market research, Broadcast technology vendor financials | Posted by Joe Zaller
Sep 23 2010

Wegener today announced preliminary operating results for its Q4 and full year 2010.

For the 4th quarter, the company lost of approximately $(336,000) on revenue of approximately $2.6m.  During the same period a year ago, the company lost $(538,000) on revenue of $2.9m.  Order intake (bookings) for the quarter was up slightly to approximately $1.4m versus $1.3m a year ago.

For the full year, the company lost approximately $(2.3)m on revenue of approximately $9.0m, compared to a net loss of $2.6m on revenues of $12.7m in fiscal 2009. Order intake (bookings) for the year was $8.4m, a 53% increase over the order intake in 2009.

The company also reported that its 18-month backlog was approximately $6.0m as of September 3, 2010, compared to $4.3m on August 28, 2009, and that its total multi-year backlog at September 3, 2010, was approximately $6.1m compared to $6.8m at August 28, 2009.

Company President and CEO Troy Woodbury said that while the company’s bookings and revenue performance in the fourth quarter fell short because of delayed orders, he remains optimistic.  “While I am pleased with the increase in bookings there is significant room for improvement,” he said. Our fourth quarter revenue was the highest of the quarters in fiscal 2010. We came very close to achieving our goal of breakeven revenue and would have, had several orders not been delayed.”

You can read the full Wegener preliminary results press release here.

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