Blonder Tongue Laboratories, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
March 31, 2022 at 09:19 pm
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Blonder Tongue Laboratories, Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was USD 15.75 million compared to USD 16.38 million a year ago. Net income was USD 0.084 million compared to net loss of USD 7.47 million a year ago.
Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.76 a year ago.
Blonder Tongue Laboratories, Inc., along with its subsidiary R. L. Drake Holdings, LLC (Drake), is a technology research and development company. The Company delivers a range of products and services to telecommunications, cable and fiber optic service delivery operators, as well as broadcasters and media production companies. Its products are deployed in a list of locations, including lodging/hospitality, multi-dwelling units/apartments, broadcast studios/networks, universities/schools, healthcare/hospitals, fitness centers, government facilities/offices, prisons, airports, sports stadiums/arenas, entertainment venues/casinos, retail stores, and small-medium businesses. The Companyâs products are divided into five categories: Encoders and Transcoders, NeXgen Gateway (NXG), Coax Distribution, consumer premise equipment (CPE) and Digital Modulation. Its Encoder/Transcoder Products are used by a system operator for encoding and transcoding of digital video.
BLONDER TONGUE LABORATORIES, INC. 