SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                    FORM 10-Q



[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2007,

                                       OR

[    ]  TRANSITION  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
     EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM         TO       .



Commission file number 1-14120



                        BLONDER TONGUE LABORATORIES, INC.
             (Exact name of registrant as specified in its charter)


          Delaware                                       52-1611421
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

One Jake Brown Road, Old Bridge, New Jersey                          08857
  (Address of principal executive offices)                         (Zip Code)


Registrant's telephone number, including area code:  (732) 679-4000


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

Yes  X    No    

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated  filer, or a  non-accelerated  filer. See definition of "accelerated
filer and large accelerated filer" in Rule 12b-2 of the Exchange Act.

Large accelerated filer     Accelerated filer      Non-accelerated filer X

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).

Yes       No   X  

Number of shares of common stock, par value $.001,  outstanding as of August 10,
2007: 6,222,252


                      The Exhibit Index appears on page 20.





                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

               BLONDER TONGUE LABORATORIES, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                                 (In thousands)

                                               (unaudited)
                                                June 30,      December 31,
                                             --------------------------------
                                                     2007           2006
      Assets (Note 4)
Current assets:
  Cash......................................          $58           $ 84
  Accounts receivable, net of allowance
    for doubtful
  accounts of $824 and $652 respectively ...        3,369          3,874
  Inventories (Note 3)......................        9,174          9,708
  Prepaid and other current assets..........        1,004            708
  Deferred income taxes ....................          568            568
                                              --------------- --------------
      Total current assets..................       14,173         14,942
Inventories, net non-current (Note 3).......        5,052          5,052
Property, plant and equipment, net
  of accumulated depreciation
   and amortization ........................        4,375          4,537
Patents, net ...............................           91            107
Other assets, net ..........................          547            796
Deferred income taxes ......................        1,788          1,788
                                              --------------- --------------
                                                  $26,026        $27,222
                                              =============== ==============
    Liabilities and Stockholders' Equity
Current liabilities:
  Current portion of long-term
  debt (Note 4).............................       $2,856         $2,469
  Accounts payable..........................        1,404          1,397
  Accrued compensation......................          838            742
  Accrued benefit liability.................          103            103
  Income taxes payable......................           49            461
  Other accrued expenses....................          241            259
                                              --------------- --------------
      Total current liabilities.............        5,491          5,431
                                              --------------- --------------

Long-term debt (Note 4).....................        1,437          1,559
Commitments and contingencies ..............            -              -
Stockholders' equity:
  Preferred stock, $.001 par value;
  authorized 5,000 shares;
  no shares outstanding.....................            -              -
  Common stock, $.001 par value;
  authorized 25,000 shares,
  8,465 shares Issued.......................            8              8
  Paid-in capital...........................       24,642         24,454
  Retained earnings.........................        2,585          3,907
  Accumulated other
  comprehensive loss........................         (826)          (826)
  Treasury stock, at cost,
  2,242 shares,.............................       (7,311)        (7,311)
                                              --------------- --------------
    Total stockholders' equity..............       19,098         20,232
                                              --------------- --------------
                                                  $26,026        $27,222
                                              =============== ==============

           See accompanying notes to consolidated financial statements



               BLONDER TONGUE LABORATORIES, INC. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                    (In thousands, except per share amounts)
                                   (unaudited)

                               Three Months Ended       Six Months Ended
                                      June 30,              June 30,
                               ----------------------  -------------------------
                                  2007      2006          2007       2006
                               ---------  ---------    ---------   ---------
Net sales......................$8,091      $9,522      $15,590     $19,479
Cost of goods sold............. 5,712       6,510       10,716      13,169
                               ---------  ---------    ---------   ---------
   Gross profit ............... 2,379       3,012        4,874       6,310
                               ---------  ---------    ---------   ---------
Operating expenses:
   Selling..................... 1,303       1,241        2,610       2,353
   General and administrative.. 1,340       1,460        2,792       2,692
   Research and development....   440         409          900         801
                               ---------  ---------    ---------   ---------
                                3,083       3,110        6,302       5,846
                               ---------  ---------    ---------   ---------

Earnings (loss) from operations  (704)        (98)      (1,428)        464
                               ---------  ---------    ---------   ---------
Other Expense:
   Interest expense (net)......  (118)       (192)        (236)       (372)
   Equity in loss of Blonder
     Tongue Telephone, LLC.....     -         (42)           -        (107)

                               ---------  ---------    ---------   ---------
                                 (118)       (234)        (236)       (479)
                               ---------  ---------    ---------   ---------
Loss from continuing
operations before income taxes.  (822)       (332)      (1,664)        (15)
Provision (benefit) for income
  taxes........................     -           -            -           -
                               ---------  ---------    ---------   ---------
Loss from continuing operations  (822)       (332)      (1,664)        (15)
                               ---------  ---------    ---------   ---------
Discontinued operations:
   Loss from discontinued
    operations (net of tax)....     -         (72)           -        (197)
   Loss on disposal of
    subsidiary.................   (59)          -          (59)          -
                               ---------  ---------    ---------   ---------
Net loss....................... $(881)      $(404)     $(1,723)      $(212)
                               =========  =========    =========   =========
Basic and diluted loss per
 share from continuing
  operations...................$(0.13)     $(0.04)      $(0.27)     $(0.02)

Basic and diluted loss per
share from discontinued
operations.....................     -      $(0.01)           -      $(0.01)
Basic and diluted loss per
 share on disposal.............$(0.01)          -       $(0.01)          -
                               ---------  ---------    ---------   ---------
Basic and diluted net loss per
 share.........................$(0.14)     $(0.05)      $(0.28)     $(0.03)
                               =========  =========    =========   =========
Basic and diluted weighted
 average shares
 outstanding................... 6,222       8,010        6,222       8,013
                               =========  =========    =========   =========










                 See acces to consolidated financial statements.

               BLONDER TONGUE LABORATORIES, INC. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (In thousands)
                                   (unaudited)





                                                     Six Months Ended June 30,
                                                 -------------------------------
                                                        2007            2006
                                                 ---------------   -------------
 Cash Flows From Operating Activities:
   Net  loss..................................      $(1,723)         $(212)
   Adjustments to reconcile net  loss to cash
     provided by (used in) operating
     activities:
     Stock compensation expense...............          188             84
     Equity in loss from Blonder Tongue
     Telephone, LLC...........................            -            107
     Depreciation.............................          242            489
     Amortization ............................           16            319
     Allowance for doubtful accounts..........          172            180
     Provision for inventory reserves.........          558              -
  Changes in operating assets and liabilities:
     Accounts receivable......................          333         (2,293)
     Inventories..............................          (24)         1,812
     Prepaid and other current assets.........         (296)            54
     Other assets.............................          249           (124)
     Income taxes.............................          (11)           (19)
     Accounts payable, accrued compensation
     and other accrued expenses...............           85           (100)
                                                 ---------------   -------------
       Net cash provided by (used in)
       operating activities...................         (211)           297
                                                  --------------   -------------
Cash Flows From Investing Activities:
     Capital expenditures.....................          (80)          (270)
     Acquisition of rights-of-entry...........            -            (51)
                                                 ---------------   -------------
       Net cash used in investing activities..          (80)          (321)
                                                 ---------------   -------------
 Cash Flows From Financing Activities:
     Borrowings of debt.......................       16,395         17,031
     Repayments of debt.......................      (16,130)       (17,471)
                                                 ---------------   -------------
       Net cash provided by (used in) financing
       activities.............................          265           (440)
                                                 ---------------   -------------
       Net decrease in cash...................          (26)          (464)
                                                 ---------------   -------------
 Cash, beginning of period....................           84            787
                                                 ---------------   -------------
 Cash, end of period..........................          $58           $323
                                                 ===============   =============
Supplemental Cash Flow Information:
    Cash paid for interest....................         $246           $323
    Cash paid for income taxes................          $11            $19




          See accompanying notes to consolidated financial statements.



                                       4


               BLONDER TONGUE LABORATORIES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (In thousands)
                                   (unaudited)

Note 1 - Company and Basis of Presentation

     Blonder  Tongue   Laboratories,   Inc.  (the   "Company")  is  a  designer,
manufacturer  and supplier of  electronics  and systems  equipment for the cable
television  industry,  primarily  throughout the United States. The consolidated
financial statements include the accounts of Blonder Tongue  Laboratories,  Inc.
and subsidiaries  (including BDR Broadband,  LLC, "BDR").  On December 15, 2006,
BDR  was  sold.  As a  result,  the  Company  reflected  the  sale  of  BDR as a
discontinued operation.  Significant intercompany accounts and transactions have
been eliminated in consolidation.

     The  Company's  investment  in Blonder  Tongue  Telephone,  LLC ("BTT") and
NetLinc Communications,  LLC ("NetLinc") were accounted for on the equity method
since the Company did not have  control over these  entities.  On June 30, 2006,
the Company sold its ownership interest in BTT. See Note 5.

     The results for the second quarter of 2007 are not  necessarily  indicative
of the  results  to be  expected  for the  full  fiscal  year  and have not been
audited. In the opinion of management,  the accompanying  unaudited consolidated
financial  statements  contain all adjustments,  consisting  primarily of normal
recurring accruals,  necessary for a fair statement of the results of operations
for the period  presented and the  consolidated  balance sheet at June 30, 2007.
Certain  information  and footnote  disclosures  normally  included in financial
statements prepared in accordance with generally accepted accounting  principles
have been condensed or omitted pursuant to the SEC rules and regulations.  These
financial statements should be read in conjunction with the financial statements
and notes thereto that were  included in the  Company's  latest annual report on
Form 10-K for the year ended December 31, 2006.

Note 2 - New Accounting Pronouncement

     Effective  January  1,  2007,  the  Company  adopted  Financial  Accounting
Standards Board ("FASB")  Interpretation  Number 48, "Accounting for Uncertainty
in Income Taxes, an  interpretation  of FASB Statement No. 109," ("FIN No. 48"),
which  prescribes  a  single,  comprehensive  model  for  how a  company  should
recognize,  measure,  present and disclose in its financial statements uncertain
tax positions  that the company has taken or expects to take on its tax returns.
Upon adoption of FIN No. 48, the Company  recognized a decrease of approximately
$400 in the liability for unrecognized tax benefits,  which was accounted for as
an increase to retained earnings of $400 as of January 1, 2007.

     As of  January  1,  2007,  after  the  implementation  of FIN No.  48,  the
Company's amount of unrecognized tax benefits is $55. The amount of unrecognized
tax benefits,  if recognized,  would not have a material impact on the Company's
effective  tax rate.  The Company  files income tax returns in the United States
(federal) and in various state  jurisdictions.  The Company is no longer subject
to federal and state income tax  examinations by tax authorities for years prior
to 2003.

Note 3 - Inventories

         Inventories net of reserves are summarized as follows:

                                                    (unaudited)
                                                      June 30,       Dec. 31,
                                                        2007           2006
                                                   -------------  --------------
 Raw Materials...................................      $8,300         $8,564
 Work in process.................................       1,812          1,864
 Finished Goods..................................      11,502         11,162
                                                   -------------  --------------
                                                       21,614         21,590
 Less current inventory..........................      (9,174)        (9,708)
                                                   -------------  --------------
                                                       12,440         11,882
 Less Reserve primarily for excess inventory.....      (7,388)        (6,830)
                                                   -------------  --------------
                                                       $5,052         $5,052
                                                   =============  =============

     Inventories  are stated at the lower of cost,  determined  by the first-in,
first-out ("FIFO") method, or market.


                                       5



               BLONDER TONGUE LABORATORIES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (In thousands)
                                   (unaudited)


     The  Company  periodically  analyzes  anticipated  product  sales  based on
historical  results,  current  backlog  and  marketing  plans.  Based  on  these
analyses,  the Company anticipates that certain products will not be sold during
the next twelve months.  Inventories  that are not anticipated to be sold in the
next twelve months, have been classified as non-current.

     Over 60% of the non-current inventories are comprised of raw materials. The
Company has  established a program to use  interchangeable  parts in its various
product  offerings and to modify  certain of its finished  goods to better match
customer demands. In addition,  the Company has instituted  additional marketing
programs to dispose of the slower moving inventories.

     The Company  continually  analyzes  its  slow-moving,  excess and  obsolete
inventories.  Based on historical  and projected  sales volumes and  anticipated
selling prices, the Company establishes  reserves.  Products that are determined
to be obsolete are written down to net realizable value. If the Company does not
meet its sales expectations,  these reserves are increased. The Company believes
reserves are adequate and inventories are reflected at net realizable value.

Note 4 - Debt

     On  December  29,  2005 the  Company  entered  into a Credit  and  Security
Agreement ("Credit Agreement") with National City Business Credit, Inc. ("NCBC")
and National City Bank (the "Bank"). The Credit Agreement initially provided for
(i) a $10,000 asset based revolving credit facility  ("Revolving Loan") and (ii)
a $3,500 term loan facility ("Term Loan"), both of which have a three year term.
The amounts which may be borrowed  under the Revolving Loan are based on certain
percentages of Eligible  Receivables and Eligible  Inventory,  as such terms are
defined in the Credit Agreement. The obligations of the Company under the Credit
Agreement are secured by substantially all of the assets of the Company.

     In March  2006,  the Credit  Agreement  was  amended to (i) modify  certain
financial  covenants as defined  under the Credit  Agreement,  (ii) increase the
applicable  interest rates for the Revolving Loan and Term Loan thereunder by 25
basis points until such time as the Company has met certain financial  covenants
for two consecutive  fiscal  quarters and (iii) impose an availability  block of
$500 under the Company's  borrowing  base until such time as the Company has met
certain financial covenants for two consecutive fiscal quarters. The increase in
interest rates and availability block were released as of November 14, 2006.

     On December 15, 2006, the Company and BDR, as Borrowers, and Blonder Tongue
Investment  Company,  a  wholly-owned  subsidiary of the Company,  as Guarantor,
entered  into  a  Second  Amendment  to  Credit  and  Security   Agreement  (the
"Amendment")  with NCBC and the Bank. The Amendment  removed BDR as a "Borrower"
under the Credit  Agreement  as amended and  included  other  modifications  and
amendments to the Credit Agreement and related ancillary agreements necessitated
by the removal of BDR as a Borrower.  These other  modifications  and amendments
included a reduction of  approximately  $1,400 to the maximum amount of advances
that NCBC will make to the Company under the Revolving  Loan, due to the release
from collateral of the rights of entry owned by BDR.

     At March 31,  2007,  and June 30,  2007,  the Company was in violation of a
certain  financial  covenant,  compliance  with  which  was  waived  by the Bank
effective as of each such date.

     On August 8,  2007,  the  Credit  Agreement  was  amended to (i) reduce the
maximum  revolving  advance  amount by $2,500 to $7,500;  (ii)  increase  by one
percent (1.0%),  the applicable  interest rate margin for the Revolving Loan and
Term Loan thereunder  priced against the lender's  "prime" or "base" rate; (iii)
eliminate the Company's option to pay interest on its loans based upon the LIBOR
rate plus an  applicable  margin;  (iv) add a covenant  requiring the Company to
meet certain levels of EBITDA for the calendar months of July through  September
2007; and (v) add a covenant  requiring the Company to maintain  certain minimum
levels of undrawn availability under the Revolving Loan.




                                       6



               BLONDER TONGUE LABORATORIES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (In thousands)
                                   (unaudited)


     Under the Credit Agreement,  as amended,  the Revolving Loan bears interest
at a rate per annum equal to the "Alternate  Base Rate," being the higher of (i)
the prime  lending  rate  announced  from time to time by the Bank plus 1.00% or
(ii) the Federal Funds Effective Rate (as defined in the Credit Agreement), plus
0.50%.  The Term Loan bears  interest at a rate per annum equal to the Alternate
Base Rate plus 0.50%. In connection with the Term Loan, the Company entered into
an interest rate swap agreement ("Swap Agreement") with the Bank which exchanges
the variable  interest rate of the Term Loan for a fixed  interest rate of 5.13%
per annum effective January 10, 2006 through the maturity of the Term Loan.

     The  Revolving  Loan  terminates  on December 28,  2008,  at which time all
outstanding  borrowings under the Revolving Loan are due. The Term Loan requires
equal monthly principal payments of $19 each, plus interest,  with the remaining
balance  due at  maturity.  Both loans are  subject to a  prepayment  penalty if
satisfied in full prior to the second  anniversary  of the effective date of the
loans.

     The Credit Agreement contains customary  representations  and warranties as
well  as  affirmative  and  negative  covenants,   including  certain  financial
covenants. The Credit Agreement contains customary events of default, including,
among others, non-payment of principal, interest or other amounts when due.


Note 5 - Discontinued  Operations and Sale of BTT  (Subscribers  and passings in
whole numbers)

     In June 2002 the Company acquired its initial 90% ownership interest in BDR
Broadband,  LLC and in October 2006 acquired the 10% minority  interest that had
been owned by Priority Systems, LLC for nominal consideration. In June 2002, BDR
acquired certain rights-of-entry for multiple dwelling unit cable television and
high-speed data systems (the "Systems"). As a result of BDR acquiring additional
rights-of-entry,  at the time of divesture in December  2006,  BDR owned Systems
for  approximately  25  MDU  properties  in the  State  of  Texas,  representing
approximately  3,300 MDU cable  television  subscribers and 8,400 passings.  The
Systems were upgraded with  approximately $81 and $799 of interdiction and other
products of the Company  during 2006 and 2005,  respectively.  During 2004,  two
Systems located outside of Texas were sold.

     On  December  15,  2006,  the Company and BDR,  entered  into a  Membership
Interest Purchase Agreement ("Purchase Agreement") with DirecPath Holdings, LLC,
a  Delaware  limited  liability  company  ("DirecPath"),  pursuant  to which the
Company sold all of the issued and  outstanding  membership  interests of BDR to
DirecPath.

     Pursuant to the Purchase Agreement, DirecPath paid the Company an aggregate
purchase price of $3,130 in cash, subject to certain  post-closing  adjustments,
including  an  adjustment  for cash,  an  adjustment  for  working  capital  and
adjustments  related to the number of subscribers for certain types of services,
all as of the closing date and as set forth in the Purchase Agreement. A portion
of the purchase price,  $490 (which is included as part of the prepaid and other
current  assets),  was deposited  into an escrow  account  pursuant to an Escrow
Agreement  dated December 15, 2006,  among the Company,  DirecPath and U.S. Bank
National Association,  to secure the Company's indemnification obligations under
the Purchase Agreement.

     On March 15, 2007,  the Company  received from  DirecPath a Final  Purchase
Price Certificate (the  "Certificate") as defined under the Purchase  Agreement.
The  Certificate   asserted  various  purchase  price  adjustments   aggregating
approximately  $970 as being due to DirecPath.  The Company evaluated the claims
outlined in the  Certificate  and filed a Disputed  Items Notice (the  "Notice")
dated May 11,  2007,  within the sixty day  period  allowed  under the  Purchase
Agreement.   The  Notice  asserted  that   adjustments  to  the  purchase  price
aggregating $3 are due to the Company. In connection therewith,  the Company and
DirecPath agreed to settle the claims whereby the Company paid $58, of which $25
was disbursed from the escrow account.

     In addition, in connection with the purchase  transaction,  on December 15,
2006, the Company  entered into a Purchase and Supply  Agreement with DirecPath,
LLC, a wholly-owned  subsidiary of DirecPath ("DPLLC"),  pursuant to which DPLLC
will  purchase  $1,630  of  products  from  the  Company,   subject  to  certain
adjustments,  over a period of three (3) years  beginning no later than June 13,
2007.  The period in which DPLLC is required to satisfy the purchase  commitment




                                       7



               BLONDER TONGUE LABORATORIES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (In thousands)
                                   (unaudited)


may be extended upon the occurrence of certain events,  including if the Company
is unable to deliver the  products  required by DPLLC.  The  Purchase  Agreement
includes customary  representations  and warranties and post-closing  covenants,
including indemnification obligations, subject to certain limitations, on behalf
of the parties with respect to their representations,  warranties and agreements
made  pursuant  to the  Purchase  Agreement.  In  addition,  except for  certain
activities by Hybrid  Networks,  LLC, a wholly-owned  subsidiary of the Company,
the Company agreed, for a period of two (2) years, not to engage in any business
that competes with BDR.

     In connection with the Purchase Agreement,  the Company also entered into a
Transition Services Agreement with DirecPath, pursuant to which the Company will
provide  certain  administrative  and  other  services  to  DirecPath  during  a
ninety-day transition period, which was extended and completed in April, 2007.

     As a result of the above,  the  Company  reflected  the sale of BDR and the
results of its operations for the three and six months ended June 30, 2006, as a
discontinued operation.  Components of the loss from discontinued operations are
as follows:


                                                 Three          Six
                                                months       months
                                                 ended        ended
                                               June 30,     June 30,
                                                 2006         2006
                                              ------------ ------------
Net Sales.....................................     $490         $920
Cost of goods sold............................      155          313
                                              ------------ ------------
         Gross profit.........................      335          607
                                              ------------ ------------

General and administrative....................      407          804
                                              ------------ ------------

Net loss......................................     $(72)       $(197)
                                              ============ ============


     During 2003,  the Company  entered into a series of agreements  pursuant to
which the  Company  ultimately  acquired a 50%  economic  ownership  interest in
NetLinc  Communications,  LLC  ("NetLinc")  and Blonder  Tongue  Telephone,  LLC
("BTT") (to which the Company had licensed  its name).  The  aggregate  purchase
price  consisted of (i) the cash portion of $1,167,  plus (ii) 500 shares of the
Company's  common  stock.  BTT had an  obligation  to  redeem  the  $1,167  cash
component of the purchase price to the Company via preferential distributions of
cash  flow  under  BTT's  limited  liability  company  operating  agreement.  In
addition,  of the 500  shares of  common  stock  issued  to BTT as the  non-cash
component of the purchase  price (fair valued at $1,030),  one-half (250 shares)
were pledged to the Company as collateral.


     NetLinc  owns  patents,  proprietary  technology  and  know-how for certain
telephony  products that allow Competitive Local Exchange Carriers  ("CLECs") to
competitively  provide voice service to multiple  dwelling units  ("MDUs").  BTT
partnered with CLECs to offer primary voice service to MDUs, receiving a portion
of the line  charges due from the CLECs'  telephone  customers,  and the Company
offered for sale a line of telephony  equipment to complement the voice service.
Certain distributorship  agreements were entered into among NetLinc, BTT and the
Company pursuant to which the Company acquired the right to distribute NetLinc's
telephony  products in certain  markets.  The  Company  also  purchased  similar
telephony  products  from third  party  suppliers  other than  NetLinc  and,  in
connection  with  the  sales  of such  third-party  products,  incurred  royalty
obligations  to NetLinc  and BTT.  While the  distributorship  agreements  among
NetLinc,  BTT and the Company  have not been  terminated,  the Company  does not
presently  anticipate  purchasing  products  from  NetLinc.   NetLinc,  however,
continues to own  intellectual  property,  which could be further  developed and
used in the  future  to  manufacture  and  sell  telephony  products  under  the




                                       8



               BLONDER TONGUE LABORATORIES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (In thousands)
                                   (unaudited)


distributorship agreements,  although the Company has no present intention to do
so. The Company accounts for its investments in NetLinc and BTT using the equity
method.


     On June 30, 2006, the Company  entered into a Share Exchange and Settlement
Agreement  ("Share Exchange  Agreement") with BTT and certain related parties of
BTT.  Pursuant  to the Share  Exchange  Agreement,  in  exchange  for all of the
membership  shares  of  BTT  owned  by  the  Company  (the  "BTT  Shares"),  BTT
transferred  back to the Company the 500 shares of the  Company's  common  stock
that were  previously  contributed  by the  Company  to the  capital of BTT (the
"Company Common Stock").  Under the terms of the Share Exchange  Agreement,  the
parties also agreed to the following:

     o    the Company granted BTT a  non-transferable  equipment purchase credit
          in the aggregate  amount of $400  (subject to certain  off-sets as set
          forth in the Share Exchange  Agreement);  two-thirds (2/3rds) of which
          ($270) had to be used solely for the purchase of  telephony  equipment
          and the remaining  one-third (1/3rd) of which ($130) could be used for
          either video/data equipment or telephony equipment;

     o    the equipment credit would have expired  automatically on December 31,
          2006, but it was exercised in full by September 30, 2006;

     o    certain non-material agreements were terminated, including the Amended
          and Restated  Operating  Agreement  of BTT among the Company,  BTT and
          remaining  member  of BTT,  the  Joint  Venture  Agreement  among  the
          Company,  BTT,  and certain  related  parties,  the Royalty  Agreement
          between the Company and BTT,  and the Stock Pledge  Agreement  between
          the Company and BTT, each dated September 11, 2003 (collectively,  the
          "Prior Agreements");

     o    BTT agreed,  within ninety (90) days, to change its corporate name and
          cease  using any  intellectual  property  of the  Company,  including,
          without limitation, the names "Blonder", "Blonder Tongue" or "BT"; and

     o    the mutual  release among the parties of all claims related to (i) the
          ownership, purchase, sale or transfer of the BTT Shares or the Company
          Common Stock,  (ii) the Joint Venture (as defined in the Joint Venture
          Agreement) and (iii) the Prior Agreements.


Note 6 - Related Party Transactions

     On  January  1,  1995,   the  Company   entered  into  a   consulting   and
non-competition  agreement  with James H.  Williams  who was a  director  of the
Company  until  May 24,  2006  and who was also the  largest  stockholder  until
November  14,  2006.  Under the  agreement,  Mr.  Williams  provides  consulting
services on various operational and financial issues and is currently paid at an
annual  rate of $169 but in no event is such  annual  rate  permitted  to exceed
$200. Mr. Williams also agreed to keep all Company information  confidential and
not to compete  directly  or  indirectly  with the  Company  for the term of the
agreement  and for a period of two years  thereafter.  The initial  term of this
agreement expired on December 31, 2004 and  automatically  renews thereafter for
successive one-year terms (subject to termination at the end of the initial term
or any renewal term on at least 90 days' notice).  This agreement  automatically
renewed for a one-year  extension until December 31, 2007. On November 14, 2006,
the Company  repurchased 1,293 shares of its common stock from Mr. Williams in a
private  off-market  block  transaction  for $0.75 per share,  for an  aggregate
purchase price of $970.

     As of June 30, 2007 the Chief Executive Officer was indebted to the Company
in the amount of $159, for which no interest has been charged. This indebtedness
arose  from a series of cash  advances,  the  latest of which  was  advanced  in
February  2002 and is included in other assets at June 30, 2007 and December 31,
2006.

     As described in Note 5, the Company  entered into a series of agreements in
2003 pursuant to which it acquired a 50% economic  ownership interest in NetLinc
and BTT. As the non-cash component of the purchase price, the Company issued 500
shares  of its  common  stock to BTT,  resulting  in BTT  becoming  the owner of
greater  than 5% of the  outstanding  common  stock of the  Company.  As further
described  in Note 5, on June  30,  2006 the  Company  entered  into  the  Share
Exchange Agreement with BTT and certain related parties pursuant to which, among



                                       9



               BLONDER TONGUE LABORATORIES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (In thousands)
                                   (unaudited)


other  things,  the Company  received  back these 500 shares in exchange for the
Company's  membership  interest  in BTT and  the  grant  to BTT of an  equipment
purchase  credit of $400,  which was  exercised  in 2006.  The  Company  remains
obligated  to pay  royalties  to  NetLinc  upon  the sale of  certain  telephony
products,  although  material  future sales of such  telephony  products are not
anticipated.





                                       10





ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
           RESULTS OF OPERATIONS

Forward-Looking Statements

     In addition to  historical  information,  this  Quarterly  Report  contains
forward-looking  statements  relating to such matters as  anticipated  financial
performance,  business  prospects,  technological  developments,  new  products,
research and development  activities and similar matters. The Private Securities
Litigation  Reform  Act of  1995  provides  a safe  harbor  for  forward-looking
statements.  In order to comply with the terms of the safe  harbor,  the Company
notes that a variety of factors  could cause the  Company's  actual  results and
experience  to  differ   materially  from  the  anticipated   results  or  other
expectations expressed in the Company's  forward-looking  statements.  The risks
and uncertainties  that may affect the operation,  performance,  development and
results of the Company's business include, but are not limited to, those matters
discussed  herein in the section  entitled Item 2 - Management's  Discussion and
Analysis of Financial Condition and Results of Operations.  The words "believe",
"expect",    "anticipate",    "project"   and   similar   expressions   identify
forward-looking statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which reflect management's analysis only as of
the date hereof.  The Company  undertakes no obligation to publicly revise these
forward-looking  statements to reflect events or circumstances  that arise after
the date hereof.  Readers should carefully review the risk factors  described in
other  documents  the Company  files from time to time with the  Securities  and
Exchange Commission,  including without limitation,  the Company's Annual Report
on Form 10-K for the year ended  December 31, 2006 (See Item 1 - Business;  Item
1A - Risk  Factors;  Item  3 -  Legal  Proceedings  and  Item  7 -  Management's
Discussion and Analysis of Financial Condition and Results of Operations).

General

     The Company was incorporated in November,  1988, under the laws of Delaware
as  GPS  Acquisition  Corp.  for  the  purpose  of  acquiring  the  business  of
Blonder-Tongue Laboratories, Inc., a New Jersey corporation which was founded in
1950 by Ben H. Tongue and Isaac S. Blonder to design,  manufacture  and supply a
line of  electronics  and systems  equipment  principally  for the Private Cable
industry.  Following the  acquisition,  the Company  changed its name to Blonder
Tongue  Laboratories,  Inc. The Company completed the initial public offering of
its shares of Common Stock in December, 1995.

     The Company is  principally  a  designer,  manufacturer  and  supplier of a
comprehensive line of electronics and systems equipment, primarily for the cable
television industry (both franchise and private cable). Over the past few years,
the Company has also  introduced  equipment  and  innovative  solutions  for the
high-speed  transmission  of data and the  provision  of  telephony  services in
multiple dwelling unit applications. The Company's products are used to acquire,
distribute  and  protect the broad range of  communications  signals  carried on
fiber optic,  twisted  pair,  coaxial cable and wireless  distribution  systems.
These  products  are sold to  customers  providing  an  array of  communications
services,  including  television,  high-speed data (Internet) and telephony,  to
single family dwellings,  multiple dwelling units ("MDUs"), the lodging industry
and institutions such as hospitals,  prisons, schools and marinas. The Company's
principal  customers  are cable system  operators  (both  franchise  and private
cable),  as  well as  contractors  that  design,  package,  install  and in most
instances  operate,  upgrade  and  maintain  the systems  they build,  including
institutional and lodging/hospitality operators.

     A key  component of the  Company's  strategy is to leverage its  reputation
across a broad product line, offering one-stop shop convenience to private cable
and franchise  cable system  operators  and  delivering  products  having a high
performance-to-cost  ratio.  The Company  continues  to expand its core  product
lines (headend and distribution),  to maintain its ability to provide all of the
electronic  equipment  necessary  to build small  cable  systems and much of the
equipment needed in larger systems for the most efficient  operation and highest
profitability  in high density  applications.  The Company has also divested its
interests in certain non-core businesses as part of its strategy to focus on the
efficient operation of its core businesses.

     Over the past several years,  the Company expanded beyond its core business
by acquiring a private cable  television  system (BDR  Broadband,  LLC).  During
2003,  the Company  also  acquired  an interest in a company  offering a private
telephone  program for  multiple  dwelling  unit  applications  (Blonder  Tongue
Telephone, LLC). However, as part of its strategy to focus on its core business,
the Company sold its interests in these  businesses  during 2006. The results of
operations  from BDR  Broadband,  LLC, as well as the gain due to its sale,  are
reflected as discontinued operations in the consolidated statement of operations
included in the Company's Annual Report on Form 10-K for the year ended December
31, 2006 and this Quarterly Report on Form 10-Q. These  acquisitions and related
dispositions  are  described  in more  detail  below,  along with  other  recent
transactions affecting the Company in recent years.



                                       11




     On  December  15,  2006,  the  Company  completed  the  divestiture  of its
wholly-owned subsidiary,  BDR Broadband, LLC ("BDR"), through the sale of all of
the issued and  outstanding  membership  interests of BDR to DirecPath,  a joint
venture  between Hicks  Holdings LLC and The DIRECTV  Group,  Inc. The aggregate
sale price was  approximately  $3.1 million resulting in a gain of approximately
$938,000  on  the  sale,  subject  to  certain  post-closing  adjustments.  This
divestiture  is  expected  to  result in  annualized  savings  of  approximately
$525,000  per year.  The  transaction  included a long-term  equipment  purchase
commitment  from  DirecPath,  pursuant to which a subsidiary  of DirecPath  will
purchase   $1,630,000  of  products   from  the  Company,   subject  to  certain
adjustments,  over a period of three (3) years  beginning no later than June 13,
2007. It is also  anticipated  that Blonder  Tongue will provide  DirecPath with
certain systems engineering and technical services.

     Under the terms of the Purchase Agreement between DirecPath and the Company
pursuant to which DirecPath acquired all of the Company's  membership  interests
in BDR,  DirecPath paid the Company an aggregate purchase price of $3,130,000 in
cash, subject to certain post-closing  adjustments,  including an adjustment for
cash, an adjustment for working capital and adjustments related to the number of
subscribers for certain type of services,  all as of the closing date and as set
forth in the  Purchase  Agreement.  A portion of the purchase  price  ($490,000,
which is included as part of the prepaid and other current assets) was deposited
into an escrow account, pursuant to an Escrow Agreement dated December 15, 2006,
among the Company,  DirecPath and U.S. Bank National Association,  to secure the
Company's indemnification obligations under the Purchase Agreement.

     On March 15, 2007,  the Company  received from  DirecPath a Final  Purchase
Price Certificate (the  "Certificate") as defined under the Purchase  Agreement.
The  Certificate   asserted  various  purchase  price  adjustments   aggregating
approximately  $970,000 as being due to  DirecPath.  The Company  evaluated  the
claims  outlined  in the  Certificate  and filed a Disputed  Items  Notice  (the
"Notice")  dated May 11,  2007,  within the sixty day period  allowed  under the
Purchase  Agreement.  The Notice asserted that adjustments to the purchase price
aggregating $3,000 are due to the Company. In connection therewith,  the Company
and DirecPath  agreed to settle the claims whereby the Company paid $58,000,  of
which $25,000 was disbursed from the escrow account.

     BDR  commenced   operations  in  June  2002,   when  it  acquired   certain
rights-of-entry  for MDU cable  television  and  high-speed  data  systems  (the
"Systems") from Verizon Media Ventures, Inc. and GTE Southwest Incorporated.  At
the time of the divesture, BDR owned Systems for approximately 25 MDU properties
in the State of Texas,  representing  approximately  3,300 MDU cable  television
subscribers  and 8,400  passings.  The loss from operations of BDR was $500,000,
$544,000 and $379,000 during 2006, 2005 and 2004, respectively. The Systems were
upgraded with approximately  $81,000,  $799,000 and $331,000 of interdiction and
other products of the Company during 2006,  2005 and 2004,  respectively.  While
the Company continued to invest in and expand BDR's business, in August 2006 the
Company  determined  to seek a buyer for BDR and exit the  business of operating
Systems  in  Texas  to  allow  the  Company  to  pursue  alternative   strategic
opportunities.  In October 2006, several months prior to the divestiture of BDR,
the Company  acquired the 10% minority  interest that had been owned by Priority
Systems, LLC, for nominal consideration.

     During 2003,  the Company  entered into a series of agreements  pursuant to
which the  Company  ultimately  acquired a 50%  economic  ownership  interest in
NetLinc  Communications,  LLC  ("NetLinc")  and Blonder  Tongue  Telephone,  LLC
("BTT") (to which the Company had licensed  its name).  The  aggregate  purchase
price  consisted of (i) the cash portion of $1,166,667  plus (ii) 500,000 shares
of the Company's  common stock.  BTT had an obligation to redeem the  $1,166,667
cash  component  of  the  purchase   price  to  the  Company  via   preferential
distributions  of cash flow under  BTT's  limited  liability  company  operating
agreement.  In addition,  of the 500,000 shares of common stock issued to BTT as
the  non-cash  component  of the  purchase  price (fair  valued at  $1,030,000),
one-half (250,000 shares) were pledged to the Company as collateral.

     Through  its  ownership  interest  in BTT,  the  Company  was  involved  in
providing a  proprietary  telephone  system  suited to MDU  development  and was
entitled  to  receive  incremental  revenues  associated  with  direct  sales of
telephony  products,  however,  revenues  derived  from sales of such  telephony
products and services  were not  material.  NetLinc  owns  patents,  proprietary
technology and know-how for certain  telephony  products that allow  Competitive
Local  Exchange  Carriers  ("CLECs") to  competitively  provide voice service to
MDUs. While NetLinc's  intellectual property could be further developed and used
in the future to  manufacture  and sell telephony  products,  the Company has no
present intention to do so.


     On June 30, 2006, the Company  entered into a Share Exchange and Settlement
Agreement  ("Share Exchange  Agreement") with BTT and certain related parties of
BTT,  pursuant to which the Company  transferred to BTT its 49 membership shares
of BTT,  representing the Company's 50% ownership  interest in BTT. In exchange,
BTT transferred  back to the Company the 500,000 shares of the Company's  common
stock that were  previously  contributed  by the  Company to the capital of BTT.
Pursuant  to  the  Share  Exchange   Agreement,   the  Company   granted  BTT  a



                                       12


non-transferable  equipment  purchase credit in the aggregate amount of $400,000
(subject to certain  off-sets),  which was  exercised in full by  September  30,
2006.  The  Company's  equity  in  loss of BTT was  approximately  $107,000  and
$437,000  for the fiscal years ended  December 31, 2006 and 2005,  respectively.
The Company continues to hold its interest in NetLinc.


     As a  result  of  the  transactions  contemplated  by  the  Share  Exchange
Agreement,  while the Company  presently  intends to  continue to  independently
pursue its existing and hereafter-developed leads for the provision of telephony
services and the sale of telephony equipment,  the Company anticipates that over
the next year, sales derived from this business will not be a significant source
of revenues for the Company.

     On December 14, 2006, the Company's wholly-owned subsidiary, Blonder Tongue
Investment Company, completed the sale of selected patents, patent applications,
provisional patent  applications and related foreign patents and applications to
Moonbeam L.L.C. for net proceeds of $2,000,000. In connection with the sale, the
Company has retained a non-exclusive,  royalty free, worldwide right and license
to use these patents to continue to develop,  manufacture, use, sell, distribute
and otherwise exploit all of the Company's  products  currently  protected under
the  patents.  These  products  include  some of the  interdiction  lines in the
Addressable  Subscriber  category of  equipment,  some of which were part of the
interdiction business acquired from  Scientific-Atlanta,  Inc. ("Scientific") in
1998.

     One of the  Company's  recent  initiatives  is its  ongoing  transition  of
manufacturing  for  certain of its  products to the  People's  Republic of China
("PRC") in order to reduce the  Company's  manufacturing  costs and allow a more
aggressive  marketing program in the private cable market.  Towards this end, on
November 11, 2005, the Company and its wholly-owned  subsidiary,  Blonder Tongue
Far East,  LLC, a  Delaware  limited  liability  company,  entered  into a joint
venture  agreement ("JV  Agreement") with Master Gain  International  Industrial
Limited,  a Hong Kong  corporation  ("Master  Gain"),  intending to  manufacture
products  in the PRC.  This joint  venture  was formed to compete  with Far East
manufactured  products and to expand market coverage  outside North America.  On
June 9, 2006, the Company terminated the JV Agreement due to the joint venture's
failure to meet certain  quarterly  financial  milestones as set forth in the JV
Agreement.  The inability to meet such  financial  milestones  was caused by the
failure of Master  Gain to  contribute  the  $5,850,000  of capital to the joint
venture as  required  by the JV  Agreement  and the joint  venture's  failure to
obtain certain  governmental  approvals and licenses necessary for the operation
of the joint venture.

     Although the termination of the JV Agreement  delayed the Company's efforts
to move  production  of its  products to the Far East,  the Company  shifted its
manufacturing  initiative  in the PRC to now entail a  combination  of  contract
manufacturing  agreements and purchasing  agreements with key PRC  manufacturers
that can most fully meet the  Company's  needs.  The Company has entered  into a
manufacturing  agreement with a core contract manufacturer in the PRC that would
govern its production of the Company's high volume and complex products upon the
receipt of purchase orders from the Company.  It is anticipated  this transition
will relate to products  representing a significant portion of the Company's net
sales and will be done in phases over the next several  years.  The Company will
begin to receive  production  units of its first  transition  product during the
third quarter 2007, with additional products to follow in subsequent phases.

     On February 27, 2006 (the  "Effective  Date"),  the Company  entered into a
series  of  agreements  related  to  its  MegaPort(TM)line  of  high-speed  data
communications  products.  As a result  of these  agreements,  the  Company  has
expanded its  distribution  territory,  favorably  amended  certain  pricing and
volume  provisions  and  extended  by 10  years  the  term  of the  distribution
agreement for its  MegaPort(TM)product  line.  These agreements also require the
Company to guaranty  payment  due by  Shenzhen  Junao  Technology  Company  Ltd.
("Shenzhen")  to Octalica,  Ltd.  ("Octalica"),  in connection  with  Shenzhen's
purchase of T.M.T.-Third  Millennium  Technology  Limited ("TMT") from Octalica.
Shenzhen is an affiliate of Master Gain. In exchange for this guaranty, MegaPort
Technology, LLC ("MegaPort"), a wholly-owned subsidiary of the Company, obtained
an assignable  option (the "Option") to acquire  substantially all of the assets
and assume  certain  liabilities of TMT on  substantially  the same terms as the
acquisition  of TMT by Shenzhen from  Octalica.  The purchase price for TMT and,
therefore,  the amount and payment terms guaranteed by the Company is the sum of
$383,150 plus an earn-out. The earn-out will not exceed 4.5% of the net revenues
derived  from  the  sale of  certain  products  during  a  period  of 36  months
commencing  after the sale of  certain  specified  quantities  of TMT  inventory
following the Effective  Date. The cash portion of the purchase price is payable
(i) $22,100 on the 120th day following the Effective  Date,  (ii) $22,100 on the
last day of the  twenty-fourth  month  following the Effective  Date,  and (iii)
$338,950  commencing  upon  the  later  of (A)  the  second  anniversary  of the
Effective  Date and (B) the date after which  certain  volume sales  targets for
each of the  MegaPort(TM)products  have  been  met,  and then only as and to the
extent that revenues are derived from sales of such products.  As of the date of
the filing of this report,  none of the volume sales targets for these  MegaPort
products have been met and, accordingly, no further purchase price payments have
been made.  In February  2007,  MegaPort  sent notice to TMT and Shenzhen of its
election to exercise  the Option to acquire  substantially  all of the assets of
TMT.  Shenzhen has not responded to MegaPort's notice of exercise of the Option.
MegaPort has engaged  legal  representation  in Israel to explore its options in
connection  with  enforcement of its contractual  rights,  but no decisions with
respect thereto have been made. Upon consummation of the acquisition,  MegaPort,




                                       13




or its assignee,  will pay  Shenzhen,  in the same manner and at the same times,
cash payments equal to the purchase price payments due from Shenzhen to Octalica
and will assume certain liabilities of TMT.

Results of Operations

Second three months of 2007 compared with second three months of 2006

     Net Sales. Net sales decreased  $1,431,000,  or 15.0%, to $8,091,000 in the
second three months of 2007 from  $9,522,000 in the second three months of 2006.
The  decrease  in sales is  primarily  attributed  to a decrease  in headend and
interdiction  product sales. Headend products were $3,907,000 and $4,806,000 and
interdiction  products  were $308,000 and $650,000 in the second three months of
2007 and 2006, respectively.

     Cost of Goods Sold.  Cost of goods sold  decreased  to  $5,712,000  for the
second three months of 2007 from  $6,510,000 for the second three months of 2006
but  increased  as a percentage  of sales to 70.6% from 68.4%.  The decrease was
attributed  primarily  to a decrease in sales in the second three months of 2007
as  compared  to 2006,  offset by an increase  in the  provision  for  inventory
reserves of $558,000. Of the 2.2% increase in cost of goods sold as a percentage
of sales, 6.9%, as a percentage of sales, is attributable to the increase in the
provision for inventory  reserves  offset by a decrease in cost of goods sold as
percentage of sales of 4.7% due to a more favorable product mix.

     Selling Expenses.  Selling expenses  increased to $1,303,000 for the second
three  months of 2007 from  $1,241,000  in the second  three  months of 2006 and
increased as a percentage  of sales to 16.1% for the second three months of 2007
from  13.0% for the  second  three  months of 2006.  The  $62,000  increase  was
primarily  the result of an increase in consulting  fees of $96,000  offset by a
decrease  in  salaries  and  fringe  benefits  of $53,000  due to a decrease  in
headcount.

     General and Administrative  Expenses.  General and administrative  expenses
decreased to $1,340,000 for the second three months of 2007 from  $1,460,000 for
the second three months of 2006 but  increased as a percentage of sales to 16.6%
for the second  three  months of 2007 from 15.3% for the second  three months of
2006.  This  $120,000  decrease  is  primarily  the  result  of  a  decrease  in
amortization of $89,000 due to the sale of patents, a decrease in stock exchange
listing fees of $62,000 and a decrease in operating  expenses of Hybrid Networks
(a  wholly-owned  subsidiary of the Company) of $67,000 offset by an increase in
salaries  and fringe  benefits  of  $159,000  due to an  increase  in  executive
compensation.

     Research  and  Development  Expenses.  Research  and  development  expenses
increased to $440,000 in the second  three  months of 2007 from  $409,000 in the
second three months of 2006 and  increased as a percentage  of sales to 5.4% for
the second  three  months of 2007 from 4.3% for the second three months of 2006.
This  $31,000  increase is  primarily  the result of an increase in salaries and
fringe benefits of $40,000 due to an increase in head count.

     Operating  Loss.  Operating loss of $704,000 for the second three months of
2007  represents an increase  from the operating  loss of $98,000 for the second
three months of 2006. Operating loss as a percentage of sales increased to (8.7)
% in the second  three months of 2007 from (1.0) % in the second three months of
2006.

     Other Expense.  Interest expense  decreased to $118,000 in the second three
months of 2007 from $192,000 in the second three months of 2006. The decrease is
the result of lower average borrowing.

     Income Taxes.  The current  provision for income taxes for the second three
months of 2007 and 2006 was zero. A valuation allowance has been recorded on the
2007 and 2006  deferred  tax  assets.  As a result of the  Company's  historical
losses, there is no change in the remaining deferred tax asset in 2007 or 2006.

First six months of 2007 compared with first six months of 2006

     Net Sales. Net sales decreased $3,889,000,  or 20.0%, to $15,590,000 in the
first six months of 2007 from  $19,479,000  in the first six months of 2006. The
decrease in sales is primarily attributed to a decrease in headend, interdiction
and distribution product sales. Headend products were $7,794,000 and $9,856,000,
interdiction  products were $506,000 and  $1,272,000 and  distribution  products
were  $3,344,000  and  $3,810,000  in the  first  six  months  of 2007 and 2006,
respectively.

     Cost of Goods Sold.  Cost of goods sold  decreased to  $10,716,000  for the
first six months of 2007 from  $13,169,000  for the first six months of 2006 but
increased  as a  percentage  of sales to 68.7%  from  67.6%.  The  decrease  was
attributed  primarily  to a decrease in sales in the first six months of 2007 as
compared to 2006, offset by an increase in the provision for inventory  reserves
of  $558,000.  Of the 1.1%  increase  in cost of goods sold as a  percentage  of
sales,  3.6%, as a percentage of sales,  is  attributable to the increase in the
provision for inventory  reserves  offset by a decrease in cost of goods sold as
percentage of sales of 4.7% due to a more favorable product mix.



                                       14


     Selling  Expenses.  Selling expenses  increased to $2,610,000 for the first
six months of 2007 from $2,353,000 in the first six months of 2006 and increased
as a  percentage  of sales to 16.7% for the first six  months of 2007 from 12.1%
for the first six months of 2006. The $257,000 increase was primarily the result
of an increase in salaries and fringe  benefits of $86,000 due to an increase in
headcount and an increase of consulting fees of $121,000.

     General and Administrative  Expenses.  General and administrative  expenses
increased to $2,792,000 for the first six months of 2007 from $2,692,000 for the
first six months of 2006 and increased as a percentage of sales to 17.9% for the
first  six  months of 2007 from  13.8%  for the  first six  months of 2006.  The
$100,000 increase was primarily the result of an increase in salaries and fringe
benefits of $328,000,  due  primarily  to an increase in executive  compensation
offset by a decrease in amortization of $179,000 due to the sale of patents.

     Research  and  Development  Expenses.  Research  and  development  expenses
increased to $900,000 in the first six months of 2007 from $801,000 in the first
six months of 2006 and  increased as a percentage of sales to 5.8% for the first
six  months of 2007 from 4.1% for the  first six  months of 2006.  This  $99,000
increase is primarily the result of an increase in salaries and fringe  benefits
of $73,000 due to an increase in headcount and an increase in consulting fees of
$23,000.

     Operating  Income  (Loss).  Operating  loss of $1,428,000 for the first six
months of 2007  represents a decrease from operating  income of $464,000 for the
first six months of 2006. Operating income as a percentage of sales decreased to
(9.2) % in the  first six  months  of 2007 from 2.4% in the first six  months of
2006.

     Other  Expense.  Interest  expense  decreased  to $236,000 in the first six
months of 2007 from  $372,000 in the first six months of 2006.  The  decrease is
the result of lower average borrowing.

     Income  Taxes.  The current  provision  for income  taxes for the first six
months of 2007 and 2006 was zero. A valuation allowance has been recorded on the
2007 and 2006  deferred  tax  assets.  As a result of the  Company's  historical
losses, there is no change in the remaining deferred tax asset in 2007 or 2006.

Liquidity and Capital Resources

     As of June 30, 2007 and December 31, 2006,  the Company's  working  capital
was $8,682,000 and $9,511,000,  respectively. The decrease in working capital is
attributable  primarily  to a decrease in current  inventory  of $534,000  and a
decrease in accounts receivable of $325,000.

     The  Company's  net cash used in  operating  activities  for the  six-month
period  ended June 30,  2007 was  $211,000,  compared  to net cash  provided  by
operating activities of $297,000 for the six-month period ended June 30, 2006.

     Cash used in investing  activities for the six-month  period ended June 30,
2007 was $80,000,  which was primarily  attributable to capital expenditures for
new equipment.

     Cash provided by financing activities was $265,000 for the first six months
of 2007,  which  was  comprised  of  $16,395,000  of net  borrowings  offset  by
$16,130,000 of repayment of debt.

     On  December  29,  2005 the  Company  entered  into a Credit  and  Security
Agreement ("Credit Agreement") with National City Business Credit, Inc. ("NCBC")
and National City Bank (the "Bank"). The Credit Agreement initially provided for
(i) a $10,000,000 asset based revolving credit facility  ("Revolving  Loan") and
(ii) a $3,500,000 term loan facility  ("Term Loan"),  both of which have a three
year term.  The amounts which may be borrowed under the Revolving Loan are based
on certain percentages of Eligible  Receivables and Eligible Inventory,  as such
terms are defined in the Credit Agreement.  The obligations of the Company under
the  Credit  Agreement  are  secured by  substantially  all of the assets of the
Company.

     In March  2006,  the Credit  Agreement  was  amended to (i) modify  certain
financial  covenants as defined  under the Credit  Agreement,  (ii) increase the
applicable  interest rates for the Revolving Loan and Term Loan thereunder by 25
basis points until such time as the Company has met certain financial  covenants
for two consecutive  fiscal  quarters and (iii) impose an availability  block of
$500,000  under the Company's  borrowing base until such time as the Company has
met  certain  financial  covenants  for two  consecutive  fiscal  quarters.  The
increase in interest rates and  availability  block were released as of November
14, 2006.

     On December 15, 2006, the Company and BDR, as Borrowers, and Blonder Tongue
Investment  Company,  a  wholly-owned  subsidiary of the Company,  as Guarantor,
entered  into  a  Second  Amendment  to  Credit  and  Security   Agreement  (the
"Amendment")  with NCBC and the Bank. The Amendment  removed BDR as a "Borrower"




                                       15



under the Credit  Agreement  as amended and  included  other  modifications  and
amendments to the Credit Agreement and related ancillary agreements necessitated
by the removal of BDR as a Borrower.  These other  modifications  and amendments
included a  reduction  of  approximately  $1,400,000  to the  maximum  amount of
advances that NCBC will make to the Company under the Revolving Loan, due to the
release from collateral of the rights of entry owned by BDR.

     At March 31,  2007,  and June 30,  2007,  the Company was in violation of a
certain  financial  covenant,  compliance  with  which  was  waived  by the Bank
effective as of each such date.

     On August 8,  2007,  the  Credit  Agreement  was  amended to (i) reduce the
maximum revolving  advance amount by $2,500,000 to $7,500,000;  (ii) increase by
100 basis points, the applicable interest rate margin for the Revolving Loan and
Term Loan thereunder  priced against the lender's  "prime" or "base" rate; (iii)
eliminate the Company's option to pay interest on its loans based upon the LIBOR
rate plus an  applicable  margin;  (iv) add a covenant  requiring the Company to
meet certain levels of EBITDA for the calendar months of July through  September
2007; and (v) add a covenant  requiring the Company to maintain  certain minimum
levels of undrawn availability under the Revolving Loan.

     Under the Credit Agreement,  as amended,  the Revolving Loan bears interest
at a rate per annum equal to the "Alternate  Base Rate," being the higher of (i)
the prime  lending  rate  announced  from time to time by the Bank plus 1.00% or
(ii) the Federal Funds Effective Rate (as defined in the Credit Agreement), plus
0.50%.  The Term Loan bears  interest at a rate per annum equal to the Alternate
Base Rate plus 0.50%. In connection with the Term Loan, the Company entered into
an interest rate swap agreement ("Swap Agreement") with the Bank which exchanges
the variable  interest rate of the Term Loan for a fixed  interest rate of 5.13%
per annum effective January 10, 2006 through the maturity of the Term Loan.

     The  Revolving  Loan  terminates  on December 28,  2008,  at which time all
outstanding  borrowings under the Revolving Loan are due. The Term Loan requires
equal  monthly  principal  payments of $19,000  each,  plus  interest,  with the
remaining  balance  due at  maturity.  Both loans are  subject  to a  prepayment
penalty if satisfied in full prior to the second  anniversary  of the  effective
date of the loans.

     The Credit Agreement contains customary  representations  and warranties as
well  as  affirmative  and  negative  covenants,   including  certain  financial
covenants. The Credit Agreement contains customary events of default, including,
among others, non-payment of principal, interest or other amounts when due.

     At June 30, 2007, there was $2,602,000 and $1,650,000 outstanding under the
NCBC Revolving Loan and Term Loan, respectively.

     The Company  anticipates that the cash generated from operations,  existing
cash balances and amounts available under its credit facility with NCBC, will be
sufficient to satisfy its foreseeable working capital needs.

New Accounting Pronouncement

     Effective  January  1,  2007,  the  Company  adopted  Financial  Accounting
Standards Board ("FASB")  Interpretation  Number 48, "Accounting for Uncertainty
in Income Taxes, an  interpretation of FASB Statement No. 109," ("FIN" No. 48"),
which  prescribes  a  single,  comprehensive  model  for  how a  company  should
recognize,  measure,  present and disclose in its financial statements uncertain
tax positions  that the company has taken or expects to take on its tax returns.
Upon adoption of FIN No. 48, the Company  recognized a decrease of approximately
$400,000 in the liability for unrecognized tax benefits, which was accounted for
as an increase to retained earnings of $400,000 as of January 1, 2007.

     As of  January  1,  2007,  after  the  implementation  of FIN No.  48,  the
Company's  amount  of  unrecognized  tax  benefits  is  $55,000.  The  amount of
unrecognized  tax benefits,  if recognized,  would not have a material impact on
the Company's  effective  tax rate.  The Company files income tax returns in the
United States  (federal) and in various state  jurisdictions.  The Company is no
longer subject to federal and state income tax  examinations  by tax authorities
for years prior to 2003.

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     The  market  risk  inherent  in the  Company's  financial  instruments  and
positions represents the potential loss arising from adverse changes in interest
rates. At June 30, 2007 and 2006 the principal amount of the Company's aggregate
outstanding   variable  rate   indebtedness   was  $4,252,000  and   $6,986,000,
respectively.  A  hypothetical  100 basis point increase in interest rates would
have had an annualized  unfavorable impact of approximately $43,000 and $70,000,
respectively,  on the  Company's  earnings  and  cash  flows  based  upon  these
quarter-end debt levels. With regard to the Company's  $3,500,000 Term Loan with
NCBC,  the  Company  entered  into an  interest  rate swap  with the Bank  which



                                       16



exchanges the variable  interest rate of the Term Loan for a fixed interest rate
of 5.13% per annum.  This interest rate swap, which became effective January 10,
2006 and runs through the maturity of the three year Term Loan,  will reduce the
unfavorable impact of any increase in interest rates.

ITEM 4.  CONTROLS AND PROCEDURES

     The  Company  maintains  a system of  disclosure  controls  and  procedures
designed  to  provide  reasonable  assurance  that  information  required  to be
disclosed in the Company's reports filed or submitted pursuant to the Securities
Exchange Act of 1934, as amended (the "Exchange  Act"), is recorded,  processed,
summarized and reported within the time periods specified in the rules and forms
of the Securities and Exchange  Commission.  Disclosure  controls and procedures
include,  without  limitation,  controls and procedures  designed to ensure that
such  information is accumulated and  communicated to the Company's  management,
including  its  Chief  Executive  Officer  and  Chief  Financial   Officer,   as
appropriate,  to allow  timely  decisions  regarding  required  disclosure.  The
Company  carried  out  an  evaluation,   under  the  supervision  and  with  the
participation  of management,  including the Chief  Executive  Officer and Chief
Financial  Officer,  of the design and  operation  of the  Company's  disclosure
controls  and  procedures  as of the end of the period  covered by this  report.
Based on this  evaluation,  the  Company's  Chief  Executive  Officer  and Chief
Financial  Officer  concluded  that  the  Company's   disclosure   controls  and
procedures were effective at June 30, 2007.

     During the quarter  ended June 30, 2007,  there have been no changes in the
Company's internal control over financial reporting, to the extent that elements
of internal  control over  financial  reporting are subsumed  within  disclosure
controls and procedures, that have materially affected, or are reasonably likely
to materially affect, the Company's internal control over financial reporting.

                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

     The Company is a party to certain  proceedings  incidental  to the ordinary
course of its business, none of which, in the current opinion of management,  is
likely to have a material  adverse effect on the Company's  business,  financial
condition, results of operations, or cash flows.

Item 1A.   RISK FACTORS

     There has not been any material  change in the  disclosure  of risk factors
contained  in the  Company's  Form 10-K for the fiscal year ended  December  31,
2006.

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

     None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

     None.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     The Company held its Annual Meeting of Stockholders  (the "Meeting") on May
23, 2007. The Company solicited  proxies in connection with the Meeting.  At the
record date of the Meeting (March 30, 2007),  there were 6,222,252 shares of the
Company's common stock  outstanding and entitled to vote. The following were the
matters voted upon at the Meeting:

          1. Election of Directors.  The following directors were elected at the
     Meeting:  Robert B. Mayer and James F.  Williams.  The number of votes cast
     for and withheld from each director are as follows:

        DIRECTORS                   FOR                          WITHHELD
        Robert B. Mayer           5,749,690                      375,014
        James F. Williams         5,750,390                      374,314

     Robert J. Palle, Jr., Gary P. Scharmett,  John E. Dwight,  Robert E. Heaton
and James A. Luksch, continued as directors after the meeting.



                                       17



          2. Amendment to the 2005 Employee Equity Incentive Plan. The amendment
     to the 2005 Employee  Equity  Incentive  Plan was ratified by the following
     vote of common stock:

        FOR                       AGAINST                    ABSTAIN
        3,011,996                 1,294,262                   18,065

          3. Ratification of Auditors.  The appointment of Marcum & Kliegman LLP
     as the Company's  independent  registered public accountants for the fiscal
     year ending  December 31, 2007 was ratified by the following vote of common
     stock:

          FOR                       AGAINST                    ABSTAIN
          6,046,716                 41,365                      36,623

ITEM 5.  OTHER INFORMATION

     On August 8, 2007,  the  Company,  NCBC and the Bank  entered  into a Third
Amendment  to Credit  and  Security  Agreement,  pursuant  to which  the  Credit
Agreement  was amended to (i) reduce the  maximum  revolving  advance  amount by
$2,500,000 to  $7,500,000;  (ii) increase by 100 basis  points,  the  applicable
interest  rate margin for the  Revolving  Loan and Term Loan  thereunder  priced
against the  lender's  "prime" or "base" rate;  (iii)  eliminate  the  Company's
option to pay interest on its loans based upon the LIBOR rate plus an applicable
margin;  (iv) add a covenant  requiring  the Company to meet  certain  levels of
EBITDA for the calendar  months of July through  September  2007;  and (v) add a
covenant  requiring the Company to maintain  certain  minimum  levels of undrawn
availability under the Revolving Loan.

     The description above is qualified in its entirety by reference to the full
text of the Third Amendment to Credit and Security Agreement included in Exhibit
10.1 to this Form 10-Q.

ITEM 6.  EXHIBITS

       Exhibits

       The exhibits are listed in the Exhibit Index appearing at page 20 herein.






                                       18









                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

                                         BLONDER TONGUE LABORATORIES, INC.



         Date:  August 10, 2007          By:      /s/  James A. Luksch
                                                James A. Luksch
                                                Chief Executive Officer



                                         By:      /s/  Eric Skolnik
                                               Eric Skolnik
                                               Senior Vice President and
                                               Chief Financial Officer
                                               (Principal Financial Officer)



                                       19



                                  EXHIBIT INDEX




   Exhibit #              Description                       Location

   3.1           Restated Certificate of         Incorporated by reference from
                 Incorporation of Blonder        Exhibit 3.1 to S-1 Registration
                 Tongue Laboratories, Inc.       Statement No. 33-98070
                                                 originally filed October 12,
                                                 1995, as amended.

   3.2           Restated Bylaws of Blonder      Incorporated by reference from
                 Tongue Laboratories, Inc.       Exhibit 3.2 to S-1 Registration
                                                 Statement No. 33-98070
                                                 originally filed October 12,
                                                 1995, as amended.

   10.1          Third Amendment to Credit       Filed herewith.
                 and Security Agreement
                 dated August 8, 2007 among
                 Blonder Tongue Laboratories,
                 Inc., Blonder Tongue
                 Investment Company, National
                 City Business Credit, Inc.
                 and National City Bank.

   31.1          Certification of James A.       Filed herewith.
                 Luksch pursuant to Section
                 302 of the Sarbanes-Oxley Act
                 of 2002.

   31.2          Certification of Eric Skolnik   Filed herewith.
                 pursuant to Section 302 of
                 the Sarbanes-Oxley Act of
                 2002.

   32.1          Certification pursuant to       Filed herewith.
                 Section 906 of Sarbanes-Oxley
                 Act of 2002.




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