Conolog reports results for fiscal quarter

Conolog Corp., a provider of DSP and digital security solutions to electrical utilities, announced its financial results for the three months ended April 30, 2006.

The company reported total revenues of $72,462 for the fiscal quarter ended April 30, 2006, a net decrease of $392,266 compared to the fiscal quarter ended April 30, 2005.

Selling, general and administrative expenses increased by $389,533 for the three-month period ended April 30, 2006 as compared to the three-month period ended April 30, 2005. Conolog said this increase is caused by research and development costs related to the new CM-100 product being introduced later this year.

As a result of the foregoing, for the three months ended April 30, 2006, Conolog reported a net loss from continuing operations of $772,419 or 10 cents per share compared to a loss of $391 for the three months ended April 30, 2005.