Buying a few shares of Conolog Corp. (NASD: CNLG) @ 3 7/16 while I continue DD:
BRIEF: CNLG is engaged in the manufacture, distribution &
design of small electronic & electromagnetic components and
subassemblies for use in telephone, radio & microwave
transmission & reception, & other communications areas. For
the 3 months ended 10/99, revenues rose from $319K to $763K.
Net loss applic. to Common totalled $400K vs. income of
$281K. Revenues reflect the acq. of Atlas Design. Net loss
reflects the absence of a $414K gain on sale of building.
I haven't been following this company, it caught my eye when I saw it in a news release.
Conolog Corporation ANNUAL INCOME STATEMENT Page 6 of 10
(Thousands of U.S. Dollars)
12M 07/31/96 12M 07/31/97 12M 07/31/98 12M 07/31/99
Sales/Other Income 1,924 1,116 708 2,508
Total Revenue 1,924 1,116 708 2,508
Cost of Product Sold 1,242 917 530 2,071
Selling/General/Adm. 947 2,055 1,549 1,955
Total Expenses 2,189 2,972 2,079 4,026
Operating Income -265 -1,856 -1,371 -1,518
Increasing revenues.
Good press releases recently:
(BSNS WIRE) Conolog Corporation Introduces Fiber Optic Capability to Its
Conolog Corporation Introduces Fiber Optic Capability to Its Digital Signal
Processing --DSP-- Products
Business/Technology Editors
SOMERVILLE, N.J.--(BUSINESS WIRE)--Feb. 4, 2000--Conolog
Corporation (NASDAQ:CNLG, CNLGW), an engineering and design company
providing digital signal processing solutions, announced today the
addition of fiber optic connection capability to all the Company's
digital signal processing (DSP) products. The Company also introduced
conversion modules for its existing DSP products.
Conolog's President, Robert Benou, stated, "This fiber optic
interface will allow customers to add our DSP products directly onto
their fiber optic lines. The conversion modules will enable users of
our existing products to operate over fiber optic lines without
expensive retrofits."
Benou continued, "Our goal is to accelerate the Company's fiscal
year 2000 turn-around and increase the revenues projected in our press
release of January 31, 2000. We will continue to expand existing
systems and add new products that function independently or in
conjunction with existing systems."
Conolog Corporation is an engineering and design company
primarily engaged in providing engineering and technical personnel,
and manufacturing a line of digital signal processing systems (DSP),
including transmitters, receivers and multiplexers, under the INIVEN
trade name.
For addtional updates, see www.nfnonline.com/cnlg.
This press release contains forward looking statements that are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those set forth in the forward
looking statements. Such risk and uncertainties include, among others:
product development delays, product demand, lack of market acceptance
of new products, competitive products and pricing, and other risks
detailed in the Company's filings with the Securities and Exchange
Commission.
--30--kc/bos*
CONTACT: Conolog Corporation
Robert Benou, President
(908) 722-8081
or
National Financial Network
Robert Weiss, Investor Relations
(781) 444-6100 x.11
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE NETWORKING
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
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