Hauppauge Digital reported a sales increase of 19 percent and record first quarter sales of $29.9 million. Ken Plotkin, Hauppauge's CEO, said, "The increase in sales was primarily driven by new products introduced during fiscal 2006, such as our WinTV-HVR-900 hybrid analog/digital TV receiver, the WinTV-NOVA-T digital `stick' and our quad-format WinTV-HVR-4000 designed for the European market, plus our new WinTV-HVR-950 ATSC/NTSC `stick' and the WinTV-HVR-1600 dual format ATSC/NTSC TV receiver for North America."
The company was more cautious for the future outlook, expecting lower gross profit margins as these newer products become more mainstream.
