Gentner Reports Record Sales for Q1 FY ‘02

Gentner Communications Corp. says its first quarter revenues for fiscal year 2002 increased by 20%for the same period last year.
For the first quarter ended Sept. 30, 2001, Gentner Communications Corp. reported net income from continuing operations of $1.4 million, or $0.16 per diluted share, on
record sales of $11.2 million. For the same quarter last year, Gentner reported net income from continuing operations of $1.3 million, or $0.15 per diluted share, on sales of $9.3 million.
“Congratulations are in order for our sales team who continued to grow sales in a challenging economic climate. We are focused on the introduction of our new video and audio conferencing products, and are confident that our increased attention to the areas of engineering, marketing and sales will prove beneficial as we roll out our new products over the next several months,” said Frances Flood, president and chief executive officer of Gentner. “As a result, our guidance for fully diluted earnings per share in the range of $0.86 to $0.90 remains intact for the current fiscal year.”