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Tuesday, Sep 27, 2022
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Orange 21 Sees Red

Carlsbad-based Orange 21 Inc., which makes the Spy Optic glasses line, reported a net loss of $778,000, or 10 cents per diluted share, on net sales of $11.4 million in the third quarter.

In the same period last year, the company had net income of $192,000, or 2 cents per diluted share, on net sales of $10.8 million.

Orange 21 stock trades on the Nasdaq as ORNG. Its stock closed Nov. 20 at $4.46.

The company sells its sunglasses and goggles to the action sports and youth lifestyle markets.

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, Brad Graves

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