BURLINGTON, NEW JERSEY – August 13, 2009 – Franklin Electronic Publishers, Inc. (NYSE AMEX Equities US:FEP), a world leader in electronic handheld information, today reported a net income of $123,000 or $0.01 per share for the fiscal 2010 first quarter ended June 30, 2009 up from a net loss of $1,163,000 or $0.14 per share in the same quarter last year. Sales in the current period declined 11% to $10,620,000 from $11,993,000 in the prior year. The decline in sales was primarily from the Company’s North American and European operations, with North America posting the biggest decline. Ongoing pressure from the depressed global economic climate continues to negatively impact global retail sell through. Total gross margin as a percentage of sales increased one percentage point to 50% from 49% reported in the same period last year. The Company's total operating costs and expenses decreased $1,453,000 or 22% percent, benefiting from the cost cutting initiatives implemented during fiscal year 2009. Operating income increased to $181,000 compared to an operating loss of $707,000 during the same period last year. more »