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Ashworth Loses $4.4M in Fourth Quarter

Ashworth Inc., a Carlsbad apparel company, reported a $4.4 million loss on revenue of $50.2 million in the fourth quarter ended Oct. 31. The company made the announcement after the market closed Jan. 10.

In the year-ago quarter, Ashworth reported a $2.2 million loss on revenue of $55 million.

For the entire 2006 fiscal year, Ashworth had net income of $951,000 on revenue of $209.6 million. In fiscal 2005, Ashworth had a net loss of $727,000 on revenue of $204.8 million.

Ashworth trades on the Nasdaq as ASHW. Shares closed Jan. 10 at $7.09.

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, Brad Graves

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