Franklin Telecom Pleased With Recent Sales Growth

Franklin Telecom in Westlake Village announced that sales in November and December reached $632,000, compared with $430,000 for its entire previous fiscal year, which ended June 30.

Sales for the six months ending Dec. 31 were $881,000.

“It is highly satisfying to see that the investment of time and money that has fueled the research and development of our new product and service lines is now starting a handsome payback,” said Frank W. Peters, Franklin’s president and CEO.

“When you consider that our Cyclone products have not even hit the market yet, our current results are even more gratifying. Furthermore, we have accomplished this without incurring any bank debt.”

Tom Russell, Franklin’s vice president of finance and chief financial officer, said sales projections for the new D-Mark II Channel Banks continue to be rosy.

“In the last quarter, we’ve seen a number of Fortune 500 companies discover the D-Mark,” he said.

Russell confirmed that for the fiscal year that ended June 30, 1996, Franklin incurred a consolidated net loss of $1.46 million on sales of $430,000, or a net loss of 14 cents per share. The previous fiscal year had a consolidated net loss of $160,000 or 2 cents per share on sales of $1.48 million.

For the five months ended Nov. 30, Franklin Telecom incurred a consolidated net loss of $454,361 on sales of $470,985, or a net loss of 4 cents per common share.