JOHNS CREEK, GA — (Marketwire) — 07/18/12 — Wegener Corporation (OTCQB: WGNR) (PINKSHEETS: WGNR), a leading provider of products for television, audio and data distribution networks worldwide, today announced final operating results for the third quarter of fiscal 2012, which ended June 1, 2012.
Operating results for the third quarter of fiscal 2012 were revenues of approximately $1.9 million and a net loss of approximately $(1.1) million or $(0.09) per share compared to revenues of $2.2 million and a net loss of approximately $(503,000) or $(0.04) per share for the same period in fiscal 2011. The operating results for the nine months ended June 1, 2012, were revenues of approximately $5.7 million and a net loss of approximately $(2.3) million or $(0.18) per share compared to revenues of $6.6 million and a net loss of approximately $(1.5) million or $(0.12) per share for the same period ended June 3, 2011.
Wegener Corporation-s eighteen-month and total multi-year backlog was approximately $1.8 million at June 1, 2012, compared to $5.2 million at June 3, 2011. Bookings for the third quarter and the first nine months of fiscal 2012 were approximately $947,000 and $2.8 million compared to $1.6 million and $5.5 million for the same periods in fiscal 2011.
“I continue to be very disappointed with our bookings and operating results. While I do believe there are significant future opportunities for Wegener, I know that we still have some difficult quarters ahead of us. We are projecting an operating loss for the fourth quarter of this fiscal 2012, which ends on August 31, 2012. We are focused on obtaining additional working capital which we require to proceed ahead effectively,” stated Troy Woodbury, President and CEO of Wegener Corporation.
Wegener Corporation will host a conference call on Wednesday, July 18, 2012, at 2:00 PM EDT to discuss its financial results. To join the conference call, dial 800.510.9691 or 617.614.3453 for international dial in, and enter participant code 57872484. Wegener Corporation intends to discuss financial and other operational information on this conference call. In addition, this call is being webcast by Thomson/CCBN and can be accessed from the following website at . It will be archived on WEGENER-s website at and the replay will be available within one hour after the conference call.
WEGENER® (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation (OTCQB: WGNR) (PINKSHEETS: WGNR), is an international provider of digital video and audio solutions for broadcast television, radio, telco, private and cable networks. With over 30 years experience in optimizing point-to-multipoint multimedia distribution over satellite, fiber, and IP networks, WEGENER offers a comprehensive product line that handles the scheduling, management and delivery of media rich content to multiple devices, including video screens, computers and audio devices. WEGENER focuses on long- and short-term strategies for bandwidth savings, dynamic advertising, live events and affiliate management.
WEGENER-s product line includes: iPump® media servers for file-based and live broadcasts; COMPEL® Network Control and COMPEL® Conditional Access for dynamic command, monitoring and addressing of multi-site video, audio, and data networks; and the Unity® satellite media receivers for live radio and video broadcasts. Applications served include: digital signage, linear and file-based TV distribution, linear and file-based radio distribution, Nielsen rating information, broadcast news distribution, business music distribution, corporate communications, video and audio simulcasts.
WEGENER® can be reached at (770) 814-4000 or at .
WEGENER is on Twitter. Sign up to follow @WEGENER at .
Jim Traicoff
CFO
Wegener Corporation
(770) 814-4000
FAX (770) 623-9648
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