Franklin Electronic Publishers Reports First Quarter Results

BURLINGTON, N.J., Aug. 13 /PRNewswire-FirstCall/ -- Franklin Electronic Publishers, Incorporated (Amex: FEP), a world leader in electronic handheld information, today reported a net loss of $1,163,000 or $0.14 per share for the fiscal 2009 first quarter ended June 30, 2008 compared to net income of $68,000 or $0.01 per share in the same quarter last year. Sales in the current period declined to $11,993,000 from $13,675,000 in the prior year. The lower sales resulted primarily from the continued decline in sales from the Company's North American operation. The North American decline was primarily due to retail pressure brought about by the economic situation in the U.S. and its impact on sell through, a significant customer who did not purchase from us in the current quarter and a voluntary reduction of shipments to another... [read full story]