67.4 F
San Diego
Sunday, Jul 21, 2024
-Advertisement-

Glasses Half Full? Orange 21 Increases Sales , and Loss

Carlsbad-based Orange 21 Inc., which markets glasses to youths under the Spy Optic brand, announced fourth-quarter and year-end financial results April 17, for the period ended Dec. 31.

Quarterly net sales were $11.4 million, up 28 percent from $8.9 million in the like period of 2005.

Net loss for the quarter grew over last year to $4 million, or 49 cents per diluted share, from $1.8 million, or 22 cents per diluted share, in 2005.

Annual net sales were $42.4 million, up 10 percent from $38.6 million in 2005.

Orange’s net loss for the year ballooned to $7.3 million, or 90 cents per diluted share, from net loss of $1.7 million, or 21 cents per diluted share, in 2005.

Eyewear manufacturer Orange 21 is traded on the Nasdaq as ORNG and closed April 17 at $5.61, up 8 cents from the previous session.

, Andy Killion

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-