Wegener Corp. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended March 2, 2012; Provides Earnings Guidance for the Third Quarter of 2012
Wegener Corp. reported consolidated unaudited earnings results for the second quarter and six months ended March 2, 2012. For the quarter, the company reported revenues of $2,369,000 and a net loss of $364,000 or $0.03 per basic and diluted share compared to revenues of $1,433,000 and a net loss of approximately $971,000 or $0.07 per basic and diluted share for the same period in fiscal 2011.
For the six months, the company reported revenues of $3,751,000 and a net loss of $1,220,000 or $0.09 per basic and diluted share compared to revenues of $4,403,000 and a net loss of approximately $996,000 or $0.08 per basic and diluted share for the same period in fiscal 2011.
The company expects that it will likely have an operating loss for the third quarter of 2012.