Wegener Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended August 31, 2012; Provides Earnings Guidance for the First Quarter of Fiscal 2013, Ended November 30, 2012
For the year, the company reported revenues of $7,195,000, operating loss of $2,413,000, and a net loss of $2,782,000 or $0.21 per basic and diluted share compared to revenues of $9,111,000, operating loss of $1,100,000 and net loss of $1,466,000 or $0.11 per basic and diluted share for the same period ended September 2, 2011.
The company expects to report an operating loss for the first quarter of fiscal 2013, ended November 30, 2012.