Strong 3Q for Blonder Tongue11/22/2004 2:26 AM Eastern
Blonder Tongue Laboratories Inc. said Monday that third-quarter net sales were $11.215 million, up 22% from $9.195 million in the third quarter of 2003.
The broadband-systems-equipment vendor reported net income of $406,000, or $0.05 per share, versus a net loss of $65,000 ($0.01) in the year-ago period.
“The company's introduction of its ‘TV Channel Blocker,’ which allows consumers to restrict access to undesirable programming, should begin to contribute to a further increase in sales in 2005 and continue in the years ahead,” CEO James A. Luksch said in a prepared statement.
“The market potential for increased sales of these products is much greater than that which has been realized to date,” he added.