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Wegener Corporation Reports Final Results for Second Quarter of Fiscal Year 2013

JOHNS CREEK, GA — (Marketwired) — 05/07/13 — Wegener Corporation (PINKSHEETS: WGNR), a provider of products for television, audio and data distribution networks worldwide, today announced final operating results for the second quarter and first six months of fiscal 2013 ended March 1, 2013.

Final operating results for the second quarter of fiscal 2013 were revenues of approximately $1.2 million and a net loss of approximately $(592,000) or $(0.05) per share, compared to revenues of approximately $2.4 million and a net loss of approximately $(364,000) or $(0.03) per share for the same period in fiscal 2012. The final operating results for the first six months of fiscal 2013 were revenues of approximately $2.6 million and a net loss of approximately $(1.0) million or $(0.08) per share, compared to revenues of approximately $3.8 million and a net loss of approximately $(1.2) million or $(0.09) per share for the same period in fiscal 2012.

Wegener Corporation-s eighteen-month and total multi-year backlog were approximately $2.4 million and 3.0 million at March 1, 2013, compared to $2.6 million and 2.6 million at March 2, 2012. Bookings for the second quarter and the first six months of fiscal 2013 were approximately $1.2 million and $2.0 million compared to $987,000 and $1.9 million for the same periods in fiscal 2012.

“We were very pleased with both the Digital Signage Expo and the NAB show that we have attended recently. We met some very good new contacts and our new products were well received, stated Troy Woodbury, President and CEO of Wegener Corporation. “We continue to see expansion of customer networks in Latin America and are working to establish a stronger presence in the domestic digital signage market. We will be reporting an operating loss for the third quarter of fiscal 2013, and our cash flow continues to be very tight. We have continued to reduce our breakeven point and are keeping tight control on expenses as we seek additional financing for the Company.”

WEGENER® (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation (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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