Date of Report (Date of earliest event reported): March 21, 2011
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Blonder Tongue Laboratories, Inc.
(Exact Name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of incorporation)
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1-14120
(Commission File Number)
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52-1611421
(I.R.S. Employer Identification No.)
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One Jake Brown Road, Old Bridge, New Jersey 08857
(Address of principal executive offices) (Zip Code)
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Registrant’s telephone number, including area code: (732) 679-4000
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Not Applicable
(Former name or former address, if changed since last report)
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(a)
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Not applicable
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(b)
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Not applicable
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(c)
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Not applicable
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(d)
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The following exhibits are filed herewith:
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Exhibit 99.1
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Press Release of Blonder Tongue Laboratories, Inc. dated March 21, 2011 regarding its financial results for the fourth quarter and year ended December 31, 2010.
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·
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Q4 2010 net sales: $7,497,000
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·
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Q4 2010 net earnings: $368,000
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·
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2010 net sales: $30,508,000
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·
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2010 net earnings: $1,785,000
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·
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Monday, March 21, 2011
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·
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11:00 AM EDT
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·
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Live Call #877-407-8033
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·
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Conference ID #368842
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Three months ended
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Year ended
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December 31,
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December 31,
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2010
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2009
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2010
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2009
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Net sales
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$7,497
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$7,001
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$30,508
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$29,034
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Gross profit
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2,734
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2,579
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12,265
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11,276
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Earnings from operations
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412
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85
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1,977
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204
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Earnings (loss) from continuing operations
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368
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(32)
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1,785
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(33)
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Earnings from discontinued operations
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-
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31
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-
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108
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Net earnings (loss)
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$368
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$(1)
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$1,785
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$75
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Basic earnings (loss) per share from continuing operations
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$0.06
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$(0.01)
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$0.29
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$(0.01)
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Diluted earnings (loss) per share from continuing operations
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$0.06
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$(0.01)
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$0.28
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$(0.01)
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Basic and diluted gain per share from discontinued operations
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$-
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$0.01
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$-
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$0.02
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Basic net earnings per share
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$0.06
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$-
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$0.29
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$0.01
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Diluted net earnings per share
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$0.06
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$-
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$0.28
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$0.01
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Basic weighted average shares outstanding
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6,192
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6,191
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6,192
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6,191
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Diluted weighted average shares outstanding:
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6,285
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6,206
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6,285
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6,206
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December 31,
2010
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December 31,
2009
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Current assets
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$13,878
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$13,195
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Property, plant, and equipment, net
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3,812
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4,000
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Total assets
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26,612
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25,172
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Current liabilities
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1,697
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1,952
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Long-term liabilities
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2,872
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3,065
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Stockholders’ equity
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22,043
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20,155
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Total liabilities and stockholders’ equity
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$26,612
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$25,172
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