Conolog Corp. (CNLG) filed Quarterly Report for the period ended 2008-10-31.
Conolog Corp. has a market cap of $2.8 million; its shares were traded at around $0.3415 with and P/S ratio of 11.14.
Highlight of Business Operations:Product Cost (Material and Direct Labor) for the three ended October 31, 2008 and October 31, 2007 totaled $104,305 (22.8% of Product revenues) and $103,149 (55.9% of Product revenues [excluding $100,000 inventory write down]) respectively. This reflects a net reduction of 33.1 % in Product Cost. The Company attributes this improvement to Product Costs to the standardizing of costs to build our new PDR-2000 systems; the outsourcing of assemblies and continued use of assembly standards under ISO-9000.
Gross Profit for the three months ended October 31, 2008 and October 31, 2007 amounted to $352,376 or 77.2% and ($18,596) or (10.1%) respectively, a direct result of the increase in sales deliveries as of October 31, 2008.
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