Posts Tagged ‘Wegener’

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.

Devoncroft Digest — June 27, 2010

broadcast industry technology trends, broadcast industry trends, broadcast technology market research, Broadcast technology vendor financials, Broadcast Vendor Brand Research, Devoncroft Digest | Posted by Joe Zaller
Jun 27 2010

Here’s a recap of some of the items that caught my eye over the past week or so.

Broadcast Technology Vendor News

Another M&A Deal — RGB Buys Ripcode

In a multi-platform, multi-format world, video transcoding is one of the technologies that everyone needs.  But transcoding is a tough business with fierce competition, and it’s considered by many to be a commodity product.  This makes it tough for pure-play transcoding vendors (which is why most of them will tell you that they focus on workflow optimization).  All of the above makes it an interesting market to watch, so I took note when I read that Ripcode has been purchased by RGB networks. I always thought Ripcode was a pretty interesting company.  They raised a lot of money for their platform and they had a different approach to others in the market.  It will be interesting to see how they perform as part of RGB. 

To read more about this, check out Dan Rayburn’a Business of Video Blog, which has complete coverage of the deal here.

 

Evertz Delivers Good Results for Q4 and Full Year

Evertz Technologies delivered pretty good results for their Q4 and full year, topping the expectations of equity analysts. 

Here are some highlights from the company’s earnings press release here.

Revenue for Q4 was C$75.3m, down 3% versus the same period a year ago, but up 14% over the previous quarter.

In terms of geographic split, sales in Q4 from the US and Canada decreased by 28% versus the same period last year, but this was partially offset by a 41% y/y increase in international revenue (which Evertz defines as markets outside of the US and Canada).  International revenue rose by 23% versus the previous quarter, while sales in the US and Canada decreased by 28%.

Revenue for the full year was C$286.5, a 9% y/y decline. 

Annual revenue from the US and Canada declined 26% versus last year, while international revenue was up by 24% over last year.

The company’s gross margins slipped a bit to 58% (versus 61% last year).  On the earnings conference call, the company attributed this to pricing pressures and the cost of international expansion.

Overall, this was a strong performance from Evertz.  The company’s international growth is particularly notable. 

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Wegener Issues Preliminary Results

Wegener, which was delisted from the NASDAQ earlier this year, issued preliminary operating results for the third quarter ended May 28, 2010. Final results for the third quarter of fiscal 2010 will be released on July 12, 2010.

According to the company’s press release  preliminary operating results for the third quarter of fiscal 2010 were revenues of $2.1 million and a net loss of approximately $(487,000) or $(0.04) per share compared to revenues of $2.9 million and a net loss of $(883,000) or $(0.07) per share for the same period in fiscal 2009.

Company President & CEO Troy Woodbury said that “bookings performance in the third quarter was an improvement over the first and second quarters of fiscal 2010, but there is significant room for improvement.”

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French Employees Protest Grass Valley Sale

TVB reports that nearly 200 Grass Valley employees at the company’s facility in Rennes France went on strike to protest the shutdown of production. Grass Valley, which has been for sale for what seems like forever, is one the broadcast industry’s most storied names. 

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Dolby Opens R&D Center in China

Dolby Labs announced that it’s first “from the ground up” R&D facility outside of the US will be based in China.  In the company’s press release, Dolby VP Mahesh Sundaram said “China is strategically important to Dolby. The establishment of Dolby China’s R&E Center is an important milestone as part of our continued commitment to China and innovation.”  The facility will focus on sound technology.

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Technicolor Opens New Lab in Palo Alto

Meanwhile, French technology provider Technicolor (formerly known as Thomson) has announced that it is planning a new lab in Palto Alto, CA.  The company says the new lab will focus on the personalization of digitally delivered content, and enhance the company’s research skills in content discovery.   The company also says it chose Palo Alto for its proximity to excellent universities and for the potential for interaction within the Silicon Valley technology ecosystem.

 

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Broadcast Technology Vendor Confidence Beginning to Return

According to an article in TVB Europe, the IABM (the association which represents broadcast and media technology suppliers worldwide) has published the results of a new study about industry confidence.  The result — the worst of the recession appears to be over in the broadcast and media technology sector and vendors are feeling increasingly optimistic about the future.

The IABM says that 74% of vendors who participated in their poll are response anticipating better business next year than last, and that 47% of those surveyed are already reporting better order volumes than expected.  However the study also found that the industry is facing strong pricing pressure.

Disclosure: Devoncroft and the IABM partner on market intelligence.

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Other Items of Interest:

TVB reports that the new PricewaterhouseCoopers 2010-14 Global Entertainment and Media Outlook predicts that advertising revenues remain fragile in nature and spending is unlikely to return to former levels, and that by 2014, the U.S. advertising spend is expected to still be 9 percent below its level in 2007.

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NetApp Files 10K with SEC 

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Following April Announcement, John Malone Formally Steps Down as DirecTV Chairman 

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According to Dan Rayburn, here’s the “best article by far” about Google TV: “Google TV: everything you ever wanted to know” – Best article by far on the subject by Engadget. 

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The Wall Street Journal reported that News Corp Want to Buy Rest of BSkyB, but that Sky is holding out for more money.

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Harmonic was upgraded by Merrill Lynch, who say that the Omneon acquisition could be significantly accretive in 2011 

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Cablevision bought Bresnan Communications for $1.4Bn

 

 

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Market Research Note of the Week:

Innovation Rankings of Broadcast Technology Vendors – The Top 30 Globally

In keeping with the theme of top 30 rankings, let’s now turn to one of the most important metrics for any technology company – innovation.

The product side of the film & broadcast industry is driven by technology and innovation.  All vendors strive to create techniques that will make their products stand out from the competition.  Thus innovation is a very important component of the brand image and reputation of vendors in this space.

To find out which broadcast technology vendors are considered to be most highly regarded in terms of innovation, more than 4,000 broadcast industry professionals were  asked to rank broadcast technology vendor brands for “Innovation” on a scale of 1-10 — with 10 being best in the market, and 1 being worst in the market. 

There’s a broad mix of vendors included in these ranking, including both audio and video and audio companies.  There are also interesting similarities and differences in terms of the types of products produced, geographic location and company size.  So let’s look a little deeper into these results….

To see the full results, included three ranking tables and analysis, please follow this link.

You can find other 2010 Big Broadcast Survey (BBS) here:

The Top 30 Broadcast Technology Vendor Brands by Overall Opinion, Ranked, Globally and Regionally

The Top 30 Broadcast Vendor Brands by Net Change in Brand Image.

Devoncroft Digest: A Busy Week for Broadcast Technology Suppliers

Broadcast technology vendor financials | Posted by Joe Zaller
Apr 23 2010

In a week when many in the broadcast industry were busy following up from the NAB show (and quite a few volcano-stranded travelers still struggling to make it home from Las Vegas),  there was quite a bit of activity among broadcast suppliers.

Here are a few highlights:

* Barco reported that the company has “returned to profitable growth.” In the company’s earnings announcement, CEO Eric Van Zele said he is “cautiously optimistic” about the remainder of 2010.  The company also published a 20 page quarterly report in e-book form.

* Avid reported their Q1 FY10 earnings this week.  Losses narrowed on y/y revenue improvement, but the stock was still downgraded by JP Morgan.   Avid also announced that it has completed the acquisition of audio console vendor Euphonix, which was announced last week at the NAB show.

* Storage vendor Isilon released their Q1 FY10 numbers, which saw revenue increase 5% sequentially and 46% versus the previous year.  The company’s stock shot up on the news.  Isilon also filed its 10Q with the SEC.

* Wegener was delisted by the NASDAQ and will now trade on the OTC BB

* Privately held UK-based broadcast systems integrator TSL was ranked #77 in the Sunday Times “Profit Track 100.”  According to the poll, the company’s profits have grown at 47% to £4.28m.

* Harmonic was sued by Arris over VOD patents

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