Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Cost of revenue70¢$12.7M
- Research and development10¢$1.8M
- Other costs16¢$2.9M
- Interest4¢$789.0K
Out of $18.1M in revenue.3 The company lost money this year.
Financial statements
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenue | $22.5M4 | $23.3M5 | $21.7M6 | $19.8M7 | $16.4M8 | $15.8M3 | $18.1M3 |
| Cost of revenue | $14.1M4 | $14.3M5 | $13.3M6 | $16.4M7 | $13.4M8 | $9.9M3 | $12.7M3 |
| Gross profit | $8.4M4 | $8.9M5 | $8.4M6 | $3.4M7 | $3.0M8 | $5.9M3 | $5.5M3 |
| Research and development | $2.7M4 | $2.5M5 | $2.6M6 | $3.1M7 | $2.5M8 | $2.6M3 | $1.8M3 |
| Operating expenses | $8.8M3 | $7.6M3 | |||||
| Operating income | -$671.0K4 | $463.0K5 | -$854.0K6 | -$466.0K7 | -$7.1M8 | -$3.0M3 | -$2.1M3 |
| Interest | $412.0K4 | $723.0K5 | $562.0K6 | $261.0K7 | $345.0K8 | $514.0K3 | $789.0K3 |
| Income before tax | $99.0K3 | -$2.9M3 | |||||
| Income tax | $29.0K4 | -$18.0K5 | -$77.0K6 | $15.0K7 | $15.0K8 | $15.0K3 | |
| Net income | -$1.2M4 | -$384.0K5 | -$1.3M6 | -$742.0K7 | -$7.5M8 | $84.0K3 | -$2.9M3 |
| Earnings per share | -$0.768 | $0.013 | -$0.223 | ||||
| Earnings per share (diluted) | -$0.768 | $0.023 | -$0.223 | ||||
| Shares (weighted, basic) | 12.2K shares3 | 13.3K shares3 | |||||
| Shares (weighted, diluted) | 15.4K shares3 | 13.3K shares3 |
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash | $468.0K5 | $168.0K6 | $559.0K6 | $572.0K7 | $69.0K8 | $274.0K3 | $79.0K3 |
| Receivables | $1.8M3 | $3.4M3 | |||||
| Inventory | $4.9M3 | $4.0M3 | |||||
| Current assets | $8.1M4 | $8.9M5 | $10.4M6 | $12.2M7 | $6.1M8 | $7.7M3 | $8.0M3 |
| Property, plant and equipment | $290.0K3 | $238.0K3 | |||||
| Goodwill | $493.0K3 | $493.0K3 | |||||
| Intangible assets | $755.0K3 | $741.0K3 | |||||
| Total assets | $15.0M4 | $15.2M5 | $15.6M6 | $18.3M7 | $11.1M8 | $11.9M3 | $15.0M3 |
| Accounts payable | $2.3M3 | $2.4M3 | |||||
| Short-term debt | $71.0K3 | $70.0K3 | |||||
| Current liabilities | $4.6M4 | $3.9M5 | $8.3M6 | $8.4M7 | $5.5M8 | $6.1M3 | $8.2M3 |
| Long-term debt | $3.3M4 | $3.1M5 | $32.0K6 | $47.0K7 | $1.8M7 | ||
| Total liabilities | $8.5M4 | $7.8M5 | $8.4M6 | $11.0M7 | $9.9M8 | $8.6M3 | $13.9M3 |
| Retained earnings | -$27.3M3 | -$30.2M3 | |||||
| Shareholders’ equity | $6.5M5 | $7.4M6 | $7.2M7 | $7.4M8 | $1.2M3 | $3.3M3 | $1.1M3 |
| Shares outstanding | 8.1M shares4 | 8.2M shares5 | 9.3K shares6 | 9.8M shares7 | 11.6M shares8 | 13.0K shares3 | 13.3K shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$237.0K5 | $587.0K6 | -$6.5M7 | -$3.2M8 | -$1.2M3 | -$1.4M3 | |
| Depreciation and amortization | $110.0K3 | $100.0K3 | |||||
| Stock-based compensation | $562.0K3 | $571.0K3 | |||||
| Capital spending | $37.0K4 | $138.0K5 | $81.0K6 | $263.0K7 | $165.0K8 | $31.0K8 | |
| Free cash flow | -$375.0K | $506.0K | -$6.8M | -$3.4M | -$1.2M | ||
| Cash from investing | -$86.0K3 | -$55.0K3 | |||||
| Cash from financing | $1.5M3 | $1.2M3 |
Compare BLONDER TONGUE LABORATORIES INC with another company
Corporate structure
BLONDER TONGUE LABORATORIES INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of BLONDER TONGUE LABORATORIES INC
- Stephen Eugene Walker Filed SC 13G/A on BLONDER TONGUE LABORATORIES INC, latest Oct 14, 2021
- BLONDER TONGUE LABORATORIES INC Old Bridge, New Jersey
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What BLONDER TONGUE LABORATORIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $10.9M3 Dec 31, 2022 | $10.9M3 Dec 31, 2021 | +0.4% |
| Accumulated depreciation | $10.7M3 Dec 31, 2022 | $10.6M3 Dec 31, 2021 | +0.9% |
| Property and equipment, net | $238.0K3 Dec 31, 2022 | $290.0K3 Dec 31, 2021 | −17.9% |
| Operating-lease assets (leased space) | $4.8M3 Dec 31, 2022 | $2.0M3 Dec 31, 2021 | +140.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $79.0K3 Dec 31, 2022 | $274.0K3 Dec 31, 2021 | −71.2% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $493.0K3 Dec 31, 2022 | $493.0K3 Dec 31, 2021 | 0% |
| Finite-lived intangibles, gross | $2.5M3 Dec 31, 2022 | $2.5M3 Dec 31, 2021 | 0% |
| Accumulated amortization | $1.7M3 Dec 31, 2022 | $1.7M3 Dec 31, 2021 | +0.8% |
| Finite-lived intangibles, net | $741.0K3 Dec 31, 2022 | $755.0K3 Dec 31, 2021 | −1.9% |
Inventory
Leadership
Who has led BLONDER TONGUE LABORATORIES INC, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerEdward Rowland Grauch May 27, 2020 to Jan 3, 202311
- Chief executive officerJames A. Luksch Jan 5, 2006 to Sep 16, 201412
- Chief executive officerRobert J. Palle Jr. Sep 20, 2006 to Apr 4, 201913
- PresidentAllen Horvath Jun 21, 2022 to Jun 21, 202214
- PresidentEdward Rowland Grauch May 27, 2020 to Jan 3, 202311
- PresidentRobert J. Palle Jr. Mar 30, 2006 to Apr 4, 201915
- Chief financial officerEric S. Skolnik Mar 30, 2006 to Jan 3, 202316
- Chief operating officerBruce A. Gureck Apr 25, 2018 to Apr 25, 201817
- Chief operating officerEdward Rowland Grauch Oct 31, 2018 to Dec 26, 201918
- Chief operating officerRobert J. Palle Jr. Mar 30, 2006 to Aug 12, 201415
Board members and other officers (20)
- VP-Engineering, CTORonald Vincent Alterio Jul 25, 2018 to Jun 21, 202219
- VP Advanced Digital TechNezam Nikoo Feb 6, 2009 to Jun 28, 201820
- Vice President - ManufacturingAllen Horvath Mar 30, 2006 to Jan 3, 202321
- VP - Mktg & Tech SvcsEmily Nikoo Mar 30, 2006 to May 21, 201522
- VP - Engineer, CTOKant Mistry Mar 30, 2006 to May 21, 201223
- Senior Vice PresidentNorman A. Westcott Mar 30, 2006 to May 21, 201224
- Vice President - SalesPeter F. Daly Jr. Mar 30, 2006 to Nov 19, 200825
- Cheif Executive OfficerJames A. Luksch Sep 21, 2006 to Sep 25, 200626
- Board memberMichael Hawkey Jun 22, 2020 to Jun 3, 202227
- Board memberRick E. Briggs Aug 20, 2020 to Oct 12, 202128
- Board memberCharles E. Dietz Sep 20, 2011 to Jun 3, 202229
- Board memberSteven L. Shea Oct 5, 2009 to Jun 3, 202230
- Board memberAnthony J. Bruno Feb 5, 2008 to Apr 8, 202231
- Board memberJames A. Luksch Jan 5, 2006 to Sep 16, 201412
- Board memberGary P. Scharmett Mar 30, 2006 to Jun 3, 202232
- Board memberJohn E. Dwight Mar 30, 2006 to Mar 30, 200633
- Board memberRobert B. Mayer Mar 30, 2006 to Mar 25, 201134
- Board memberRobert E. Heaton Mar 30, 2006 to Nov 19, 200835
- Board memberRobert J. Palle Jr. Mar 30, 2006 to Jun 3, 202215
- Board memberStephen K. Necessary Mar 30, 2006 to Jun 3, 202236
Timeline
- Mar 1, 20238-K Executive or director change; Regulation FD disclosure37
- Feb 13, 20238-K Executive or director change38
- Jan 23, 20238-K Executive or director change; Regulation FD disclosure39
- Jan 6, 20238-K Executive or director change40
- Nov 4, 20228-K Results of operations41
- Nov 3, 20228-K Entered a material agreement; New debt or obligation42
- Oct 31, 20228-K Entered a material agreement; New debt or obligation43
- Jul 6, 20228-K Entered a material agreement; New debt or obligation44
- Jun 24, 20228-K Listing notice or transfer; Other events45
- Jun 15, 20228-K Entered a material agreement; New debt or obligation46
- Jun 6, 20228-K Executive or director change47
- Jun 1, 20228-K Executive or director change48
- May 27, 2020New chief executive Edward Rowland Grauch becomes CEO11
- Sep 20, 2006New chief executive Robert J. Palle Jr. becomes CEO13
- Jan 5, 2006New chief executive James A. Luksch becomes CEO12
Calendar
When it reported results
- Nov 4, 2022Reported quarterly or annual results41
- May 6, 2022Reported quarterly or annual results49
- Mar 31, 2022Reported quarterly or annual results50
- Oct 22, 2021Reported quarterly or annual results51
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
211 filings to the SEC since October 2021: 3 annual reports, 4 quarterly reports, 29 major events, 165 insider forms, 1 large holders, 9 other. The latest 20:
- May 2, 202315-12G EDGAR
- Apr 28, 202310-K/A AMENDMENT NO. 1 TO FORM 10-K EDGAR
- Apr 17, 202310-K ANNUAL REPORT EDGAR
- Apr 3, 2023NT 10-K EDGAR
- Mar 1, 20238-K CURRENT REPORT EDGAR
- Feb 13, 20238-K CURRENT REPORT EDGAR
- Jan 23, 20238-K CURRENT REPORT EDGAR
- Jan 6, 20238-K CURRENT REPORT EDGAR
- Jan 3, 20234 EDGAR
- Jan 3, 20234 EDGAR
- Jan 3, 20234 EDGAR
- Dec 19, 20224 EDGAR
- Dec 19, 20224 EDGAR
- Dec 19, 20224 EDGAR
- Dec 5, 20224 EDGAR
- Dec 5, 20224 EDGAR
- Dec 5, 20224 EDGAR
- Nov 21, 20224 EDGAR
- Nov 21, 20224 EDGAR
- Nov 21, 20224 EDGAR
The 211 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
4 open-market trades by officers, directors and large owners since October 2021: 0 buys and 4 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 2, 2021 | WILLIAMS JAMES H /NJ/Director | Sale | 20,000 | $1.09 | $21.8K | Form 4 |
| Nov 1, 2021 | WILLIAMS JAMES H /NJ/Director | Sale | 10,000 | $1.11 | $11.1K | Form 4 |
| Oct 29, 2021 | WILLIAMS JAMES H /NJ/Director | Sale | 27,085 | $1.13 | $30.7K | Form 4 |
| Oct 28, 2021 | WILLIAMS JAMES H /NJ/Director | Sale | 64,087 | $1.12 | $71.6K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Stephen Eugene WalkerSC 13G/A, 1 filing Oct 14, 202152
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- PPP loans $1.8M
Figures by year
| Year | PPP loans | Total |
|---|---|---|
| 2020 | $1.8M | $1.8M |
PPP loans
Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA53. Matched to this company by name and state.
- Apr 10, 2020$1.8M PPP loan (first draw) from JPMorgan Chase Bank, National Association53To BLONDER TONGUE LABORATORIES, INC., Old Bridge NJ; $1.8M forgiven Jun 29, 2021
SEC filer profile
How BLONDER TONGUE LABORATORIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBLONDER TONGUE LABORATORIES INC1
- CIK0001000683
- Employer ID (EIN)52-16114211
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)3663 Radio & Tv Broadcasting & Communications Equipment1
- Business addressOne Jake Brown Rd, Po Box 1000, Old Bridge, NJ 088571
- Mailing addressOne Jake Brown Road, Old Bridge, NJ 088571
- Phone90867940001
- Shares outstanding13,368,538 as of Apr 14, 202354
- Public float$1.4M as of Jun 30, 202254
- On EDGAR sinceMay 14, 19961
- Filings1,349 in all: 4 (798), 8-K (225), 10-Q (81), SC 13G/A (59), 10-K (26), DEF 14A (26), 3 (19), 4/A (13)1
All 37 form types
S-8 (11), SD (9), ARS (8), UPLOAD (7), 10-K/A (6), DEFA14A (6), SC 13G (6), CORRESP (5), 8-K/A (4), EFFECT (4), S-3 (4), 10-Q/A (3), 144 (3), 424B4 (3), 424B5 (3), PRE 14A (3), D (2), NT 10-K (2), SC 13D (2), SC 13E4/A (2), 10-K405 (1), 15-12G (1), 25-NSE (1), 5 (1), DEF 14C (1), NT 10-Q (1), POS AM (1), S-3/A (1), SC 13E4 (1)
- Latest filingsAnnual report (10-K) Apr 17, 2023
Quarterly report (10-Q) Nov 4, 2022
Proxy statement (DEF 14A) Apr 22, 2022
Latest 8-K (8-K) Mar 1, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 14SEC EDGARAllen Horvath, President
- 15SEC EDGARRobert J. Palle Jr., President
- 16
- 17
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- 21
- 22SEC EDGAREmily Nikoo, VP - Mktg & Tech Svcs
- 23SEC EDGARKant Mistry, VP - Engineer, CTO
- 24
- 25
- 26
- 27SEC EDGARMichael Hawkey, Board member
- 28SEC EDGARRick E. Briggs, Board member
- 29SEC EDGARCharles E. Dietz, Board member
- 30SEC EDGARSteven L. Shea, Board member
- 31SEC EDGARAnthony J. Bruno, Board member
- 32SEC EDGARGary P. Scharmett, Board member
- 33SEC EDGARJohn E. Dwight, Board member
- 34SEC EDGARRobert B. Mayer, Board member
- 35SEC EDGARRobert E. Heaton, Board member
- 36SEC EDGARStephen K. Necessary, Board member
- 37
- 38SEC EDGARExecutive or director change
- 39
- 40SEC EDGARExecutive or director change
- 41SEC EDGARResults of operations
- 42
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- 46
- 47SEC EDGARExecutive or director change
- 48SEC EDGARExecutive or director change
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