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Blonder Tongue Announces First Quarter 2021 Results


Blonder Tongue Announces First Quarter 2021 Results
ACCESSWIRE
OLD BRIDGE, NJ / ACCESSWIRE / May 13, 2021 / Blonder Tongue Laboratories, Inc. (NYSE American:
BDR) announced its sales and results for the first quarter ended March 31, 2021.
Blonder Tongue Laboratories, Inc. net sales decreased $799,000 or 19.7% to $3,251,000 for the first quarter of 2021 from $4,050,000 for the comparable period in 2020. Net loss for the three months ended March 31, 2021 was $(414,000) or $(0.04) per share, compared to $(2,080,000) or $(0.21) per share for the comparable period in 2020. Net cash provided by operating activities was $234,000 for the first quarter of 2021, compared to net cash used in operating activities of $(842,000) for the comparable quarter of 2020.
Commenting on the first quarter results, Chief Executive Officer Ted Grauch noted, The Company has benefitted over the last few months from supply chain commitment and investment decisions we made during Q4 of 202 ....

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