Bogen Reports 2016 Annual Financial Results

MAHWAH, N.J.--()--Bogen Communications International, Inc., (Pink Sheets:BOGN) today announced results for the year ended December 31, 2016.

Audited Results: Year Ended December 31,

             
Dollars in 000’s

2016

 

2015

Net Sales $ 5,935 $ 5,897
Gross Profit 4,777 4,842
Gross Profit % 80.5 % 82.1 %
Income (Loss) Before Taxes 736 (489 )
Net Income (Loss) $ 516 $ (391 )
 
Selected Balance Sheet Data:   December 31, 2016   December 31, 2015
 
Cash, Cash Equivalents, and Restricted Cash $ 353 $ 217
Trade Receivables 2,945 142
Inventories 2 9
Goodwill and Intangible Assets 4,709 4,856
Total Assets 11,339 8,812
 
Notes Payable 1,709 -0-
Total Current Liabilities 3,586 1,297
Total Liabilities 5,021 2,916
Total Stockholders’ Equity $ 6,318 $ 5,896

Please visit Bogen’s website at www.bogencommunicationsinternationalinc.com for the complete Consolidated Financial Statements as well as additional information about the Company and its products and services.

About Bogen

Bogen Communications International, Inc., based in Mahwah, New Jersey, and Munich, Germany, develops, markets, and sells voice messaging and related products and services to customers primarily in Europe.

Contacts

Bogen Communications International, Inc.
Cynthia Ashey, (201) 934-8500
Chief Financial Officer and Vice President-Finance

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Release Summary

Bogen Communications Int'l Inc. Announces 2016 Financial Results

Bogen Communications International, Inc.