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WEGENER CORPORATION REPORTS IMPROVED RESULTS FOR FIRST QUARTER OF FISCAL 2002
(January 14, 2002) - DULUTH, Georgia - Wegener Corporation (Nasdaq: WGNR) today announced results for the first quarter of fiscal 2002, ended November 30, 2001. Wegener's revenues for the first quarter of fiscal 2002 were $6.0 million, with net earnings of $132,000, or $0.01 per share, compared to revenues of $5.0 million, and a net loss of $584,000, or $(0.05) per share, for the first quarter of fiscal 2001. |
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| This news release contains statements, which may be forward-looking within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995. The statements may include projections regarding future sales results, expected contributions to margins and earnings and market opportunities, and are based upon the Company's current expectations and assumptions, which are subject to a number of risks and uncertainties including, but not limited to: customer acceptance and effectiveness of recently introduced UNITY digital video products, development of additional business for the Wegener digital and analog video and audio transmission product lines, effectiveness of the revitalized international sales organization, the successful development and introduction of new products in the future, delays in the conversion by private and broadcast networks to digital broadcast equipment, acceptance by various networks of standards for digital broadcasting, general market conditions which may not improve during fiscal year 2002 and beyond, and success of Wegener's research and development efforts aimed at developing new products. Discussion of these and other risks and uncertainties are provided in detail in the Company's periodic filings with the SEC, including the Form 10-K. The Company intends that such forward-looking statements are subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected or inferred results. Forward-looking statements speak only as of the date the statement was made. Wegener Corporation does not undertake and specifically disclaims any obligation to update any forward-looking statements.
For further information, please contact: |
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voice 770 814-4000 fax 770 623-0698 email: info@wegener.com |
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©2000 Wegener Communications |
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