William Velmer's questions to BLONDER TONGUE LABORATORIES (BDRL) leadership • Q3 2022
Question
William Velmer of S.A. Advisory asked about Blonder Tongue's path to profitability, questioning how the company plans to stop losing money despite revenue growth. He also inquired if the company has been approached for a merger or acquisition, given its cutting-edge technology.
Answer
CEO Ted Grauch acknowledged the performance issues, attributing them to semiconductor supply chain costs and allocation limits over the past year. He noted that these headwinds are stabilizing and that demand for high-margin products remains strong. While declining to give specific 2023 guidance, he expressed optimism. Regarding strategic alternatives, Grauch confirmed that the company is open to and actively in discussions with other companies about potential mergers or acquisitions to maximize shareholder value.