Conolog Corp. (CNLG) filed Annual Report for the period ended 2012-07-31.
Conolog Corporation has a market cap of $0.6 million; its shares were traded at around $0.03 with and P/S ratio of 6.6.
Highlight of Business Operations:The majority of the Companys sales revenue has been generated from sales of the PDR-2000 Teleprotection products. Our total sales revenue decreased $860,134 or 50.8% for the fiscal year ended July 31, 2012 to $831,718 compared to total revenues of $1,691,852 for the fiscal year ended July 31, 2011. Our PDR-2000 sales decreased approximately $858,324 or 58.2% over the prior year due to a decrease in demand. The decrease is thought to be a reduction in projects by our customers for the 2012 fiscal year. PTR-1500 sales increased $9,741 or 27.8%. Telemetry sales decreased $13,164 or 15% due to the natural rhythm of our markets. We expect this category to further decline in the coming years. Military sales decreased $10,163 or 13% due to cut backs in the governments military spending for 2012. Repairs and sales of spare parts increased as a result of the life cycle of some of our products.
Total product cost of goods sold for the fiscal year ended July 31, 2012 amounted to $429,427 compared to $1,175,038 for the fiscal year ended July 31, 2011, a decrease of $745,611 or 63.5%. The decrease in cost of goods sold is primarily a result of the sales volume of the PDR-2000 decreasing 58.2% versus the prior year.
The Company recorded a net loss of $1,802,235 for the fiscal year ended July 31, 2012, as compared to a net loss of $4,322,733 for fiscal year ended July 31, 2011. For the fiscal year ended July 31, 2012 gross profit decreased $114,523 and general and administrative decreased $667,537 compared to the prior fiscal year. Research and development was up versus the prior period by $12,411, as was selling expense by $50,174. As a result of the
Read the The complete Report