Q2 2021 Blonder Tongue Laboratories Inc Earnings Call

Please hold and an operator will be with you momentarily.

Conference Center May I have your entry co place.

Yeah.

Hello May have your entry co pay.

105019.

Please. Thank you may have your name.

Sure It's David Brown.

May of the company are calling from.

I had a I E R. A.

I'm, sorry can you repeat that again.

And for Apple iPhone, India equal Echo are for EMEA for Apple.

Thank you just one moment I'll place your line into the conference.

Okay.

Thank.

We remain a little guarded.

Can't give you any.

Firm commitment, but if things work the way that we believe theyre going to work. Then then we will see an improvement on the cash flow going forward.

And pressing.

Any chance by year end, we might see a positive.

Yeah.

Yes.

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I mean, certainly again, we're not here running this company to continue to run negative EBITDA business.

The market has not fully recovered yet from the pandemic. Although we are seeing good solid steady slow progress towards where we needed to be we're also bringing out some new products in the second half you add all those up and I think we'll get there eventually I cannot sit here and give you any particular guidance on it.

Get there in the second half, particularly but I do believe we will get there long term.

Could.

Can you elaborate on.

The new products.

Is that fair.

Hey, Dan.

Yes. They are they are they are a combination of.

Products that will modernize some of our older video modulation and video transmission equipment.

There are a few things related to expanding our products and the data delivery or ISP.

Service provider business, which we don't do a lot of business and today, it's very small.

And.

And a few other products that will.

Expand the the the sort of modernization in newness and relevance to some broadcasting customers that we have long term.

So it's a combination.

Might increase the R&D over the next quarter or so.

So I'm sorry, the what.

Yeah.

Oh, no, we're not increasing our R&D costs.

Our our R&D costs are very very steady I cannot think of anything.

That we're doing.

That would have a specific increase.

Off the top of my head.

Head count now compared to last quarter.

It's about the same.

Alright.

Couple of things given the spread of the Delta variant.

What impact are you seeing near term.

With the Covid.

So.

Not.

Not to overly mimic what im hearing politicians say, but right now it seems to be the pandemic of people that have not gotten vaccinated.

Our customers are not behaving.

Any different.

Different in any big way from what we've seen them do and it's in this slow steady recovery were not seeing any knee jerk reactions were not seen any big negative turns we're not seen people.

Cancel meetings or anything like that there is no right now at this moment, we don't see any big changes.

Good to hear.

I know.

I heard because I had a tech come in.

Upgrade my right.

Receiver.

There's going to be a change of ownership from Directv.

Any comment on what that might mean.

On a per blonder.

I would say that we've never had as good a relationship or is strong.

Of a active selling market for our technology into the Directv dealer market as we have right now it is growing it is strong we have new products that are hitting that market now.

That we put out over.

Sort of slowly in increments over the last year, and they're all being well received and they're all growing.

And we keep in touch with the guys at Directv in the middle and Upper management.

Things are good they are telling us it's business as usual, they're all excited about the ownership change they feel like they will have a management team that's entirely focused on their business segment as opposed to a wider range of of a conglomerate activities.

The old management team, we're more focused on.

The telephone business wireless and entertainment.

Not that there's anything wrong with that but I can tell you. The people. We talk to are very excited about the transition to fill up there'll be a good focus on their business and they don't see any.

Any.

Disruptions or anything that they're thinking our plant at this point.

Okay.

It's good to hear that's all I have right now until I get a look at the 10-Q, so well look forward to hearing from you in future quarters.

Thank you so much. Thank you so much Greg.

We have no further questions from the lines at this time I would now like to turn the floor back to Ted Brown for closing remarks.

Great. So thank you everybody for attending the call and.

We appreciate your continued support in the company and interest in Blonder tongue laboratories, and look forward to talking to you all again next quarter. Thank you.

Thank you ladies and gentlemen, this does conclude todays event you may disconnect at this time and have a wonderful day. Thank you for your participation.