DGT Holdings Corp. Quarterly Report: Second Quarter Ended January 28, 2012

March 13, 2012

DGT Holdings Corp. (OTCQB: DGTC.OB) reported sales for its fiscal first quarter ended January 28, 2012 increased 21.9% to 3.03 million compared to sales of $2.49 for the second quarter of fiscal 2011.  For the first six months of fiscal 2012, sales increased 19% to 5.64 million versus sales of $4.74 million for the same period in fiscal 2011.  The increase in second quarter sales was primarily related to better volumes at the Power Conversion Group.  As of January 28, 2012, the backlog stood at $3.5 million compared to $4.4 million at July 30, 2011.

The company reported a loss from continuing operations for second quarter during fiscal 2012 of $200 thousand, or $(0.06) per share, compared to a loss from continuing operations of $800 thousand, or $(0.30) per share, for the second quarter of fiscal 2011.  For the first six months of fiscal 2012, the company reported a loss from continuing operations of $700 thousand, or $(0.17) per share, versus a loss from continuing operations of $1.4 million, or $(0.64) per share, for the same period in fiscal 2011.

As of January 28, 2012, the balance sheet reflected current assets of $49.25 million (including cash and cash equivalents of $43.27 million), total assets of $54.2 million, current liabilities of $1.7 million and total liabilities of $4.53 million.  During the first six months of fiscal 2012, shareholders’ equity increased 12.1% to $49.67 million.

DGT Holdings Corp. manufactures proprietary high-voltage power conversion systems including electronic filters, high voltage capacitors, pulse modulators, transformers and reactors, and a variety of other products designed for industrial, medical, military and other commercial applications.

Source: DGT Holdings Corp.


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