-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GQASg4e2ZZo93n6NWwFsDACOHkE5W8sALSktUhxOUlMdB1v25lh4MRy9xSw0aw7X v3pv6t3V083FMCTExtVc9A== 0001307942-06-000100.txt : 20060517 0001307942-06-000100.hdr.sgml : 20060517 20060517095047 ACCESSION NUMBER: 0001307942-06-000100 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060517 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060517 DATE AS OF CHANGE: 20060517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLONDER TONGUE LABORATORIES INC CENTRAL INDEX KEY: 0001000683 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 521611421 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14120 FILM NUMBER: 06847827 BUSINESS ADDRESS: STREET 1: ONE JAKE BROWN RD STREET 2: PO BOX 1000 CITY: OLD BRIDGE STATE: NJ ZIP: 08857 BUSINESS PHONE: 9086794000 MAIL ADDRESS: STREET 1: ONE JAKE BROWN ROAD CITY: OLD BRIDGE STATE: NJ ZIP: 08857 8-K 1 blonder8k051606.htm

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K


                Current Report Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934



         Date of Report (Date of earliest event reported): May 17, 2006


                        Blonder Tongue Laboratories, Inc.
             (Exact Name of registrant as specified in its charter)



    Delaware                   1-14120                     52-1611421
(State or other        (Commission File Number)        (I.R.S. Employer
jurisdiction of                                       Identification No.)
 incorporation)


                One Jake Brown Road, Old Bridge, New Jersey 08857
               (Address of principal executive offices) (Zip Code)



       Registrant's telephone number, including area code: (732) 679-4000


                                 Not Applicable
          (Former name or former address, if changed since last report)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:


[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)


[_] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)


[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))


[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))








Item 2.02.  Results of Operations and Financial Condition

On May 17,  2006,  Blonder  Tongue  Laboratories,  Inc.  issued a press  release
announcing its unaudited financial results for the first quarter ended March 31,
2006. A copy of the press release is attached to this Report as Exhibit 99.1 and
is incorporated herein by reference.  The information  disclosed in this report,
including  Exhibit  99.1  hereto,  is being  furnished  and  shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934.

Item 9.01.  Financial Statements and Exhibits

     (a) Not applicable


     (b) Not applicable


     (c) Not applicable


     (d) The following exhibits are filed herewith:


     Exhibit 99.1 Press Release dated May 17, 2006.










                                    SIGNATURE


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                    BLONDER TONGUE LABORATORIES, INC.



                           By:  /s/ Eric Skolnik      
                               Eric Skolnik
                               Senior Vice President and Chief Financial Officer

Date: May 17, 2006














                                  EXHIBIT INDEX


    Exhibit No.                          Description

    Exhibit 99.1                 Press Release of Blonder  Tongue  Laboratories,
                                 Inc. dated May 17, 2006 regarding its unaudited
                                 financial results for the first quarter ended
                                 March 31, 2006.
















EX-99 2 blonderex99to8k051606.htm PRESS RELEASE
[LOGO]                                                       One Jake Brown Road
                                                                   P.O. Box 1000
                                               Old Bridge, New Jersey 08857-1000
                                           Tel: 732-679-4000   Fax: 732-679-4353


FOR IMMEDIATE RELEASE                         CONTACT:   James A. Luksch
                                                         Chairman and
                                                         Chief Executive Officer
                                                         (732) 679-4000





                BLONDER TONGUE REPORTS 2006 FIRST QUARTER RESULTS

OLD BRIDGE, NEW JERSEY, May 17, 2006 - Blonder Tongue Laboratories,  Inc. (AMEX:
"BDR") today  announced its sales and earnings for the first quarter ended March
31, 2006.

Net  sales  for the first  quarter  2006  increased  12.1% to  $10,387,000  from
$9,269,000  for the first  quarter  2005.  The  increase  in sales is  primarily
attributed  to an  increase  in  sales  of the  Company's  digital  and  headend
products. Digital product sales were $1,433,000 and $942,000 and headend product
sales were  $5,050,000  and  $4,682,000  in the first  quarter of 2006 and 2005,
respectively.  Operating income for the first quarter 2006 was $437,000 compared
to an  operating  loss of  $603,000  for the  comparable  period  of  2005.  The
improvement  in  operating  income in the first  quarter  of 2006 was  primarily
attributed to an increase in sales as compared to the first quarter of 2005. The
first quarter  operating loss in 2005 was primarily  attributable  to a $603,000
increase in inventory reserves. Comparatively, no increase in inventory reserves
was required in the first  quarter of 2006.  The  Company's  net  earnings  were
$192,000 for the first three  months of 2006  compared to a net loss of $890,000
for the same period in the prior year.  Basic and diluted earnings per share for
the first three months of 2006 were $0.02, compared to a loss of $0.11 per share
for the same period in the prior year.

Commenting on the first quarter 2006 results, James A. Luksch,  Chairman,  Chief
Executive  Officer  said,  "I'm  pleased to report  that the  Company has posted
profitable  performance for the period.  First quarter results benefited from an
expanded array of product offerings, particularly in the areas of fiber, digital
and high definition  products.  We look forward to continuing long term progress
as our new  product  offerings  take  hold and  provide  additional  incremental
sales."

Founded  in  1950,  Blonder  Tongue  Laboratories,   Inc.  has  evolved  from  a
manufacturer  of  electronic  equipment  for the  private  cable  industry  to a
principal  provider of integrated  network  solutions and technical  services to
broadband service providers. The Company designs,  manufactures,  and supplies a
comprehensive line of equipment to deliver video (analog & digital),  high speed
data and voice  services  over  integrated  coaxial  and fiber  optic  broadband
networks today and over packet based,  Internet protocol networks of the future.
For more information regarding Blonder Tongue or its products,  please visit the
Company's Web site at  www.blondertongue.com  or contact the Company directly at
(732) 679-4000.

"Safe Harbor"  Statement under the Private  Securities  Litigation Reform Act of
1995: The information set forth above includes "forward-looking"  statements and
accordingly,  the cautionary  statements  contained in Blonder  Tongue's  Annual
Report and Form 10-K for the year ended December 31, 2005 (See Item 1: Business,
Item 1A:  Risk  Factors  and Item 7:  Management's  Discussion  and  Analysis of
Financial  Condition  and Results of  Operations),  and other  filings  with the
Securities and Exchange  Commission are  incorporated  herein by reference.  The
words "believe",  "expect",  "anticipate",  "project",  and similar  expressions
identify  forward-looking  statements.  Readers are cautioned not to place undue
reliance  on  these  forward-looking  statements,   which  reflect  management's
analysis only as of the date hereof.  Blonder Tongue undertakes no obligation to
publicly   revise  these   forward-looking   statements  to  reflect  events  or
circumstances that arise after the date hereof.  Blonder Tongue's actual results
may differ  from the  anticipated  results or other  expectations  expressed  in
Blonder Tongue's "forward-looking" statements.








                        Blonder Tongue Laboratories, Inc.
                    Consolidated Summary of Operating Results
                      (in thousands, except per-share data)
                                   (unaudited)


                                                     Three months ended
                                                          March 31,
                                               -------------- -- --------------
                                                   2006              2005
                                               -------------- -- --------------

Net Sales                                          $10,387            $9,269
Gross Profit                                         3,570             2,527
Earnings (loss) from operations                        437              (603)
Net earnings (loss)                                    192              (890)
Net earnings (loss) per share:
   Basic and diluted                                 $0.02            ($0.11)
Weighted average shares outstanding:
   Basic and diluted                                 8,015             8,015







                       Consolidated Summary Balance Sheets
                                 (in thousands)


                                     March 31, 2006           December 31, 2005
                                       (unaudited)

Current assets                            $15,519                   $15,144
Property, plant, and equipment, net         6,103                     6,184
Total assets                               32,907                    32,864
Current liabilities                         7,951                     8,036
Long-term liabilities                       3,262                     3,329
Stockholders' equity                       21,694                    21,499

Total liabilities and
stockholders' equity                      $32,907                   $32,864



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