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Tiffany Montgomery
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Spy parent company reports loss

By Tiffany Montgomery
November 16, 2009 4:00 PM

Orange 21 Inc., the parent company of Spy sunglasses and goggles, said yesterday that it recorded a loss of $1.1 million in the quarter ended September 30.

During the same period last year, the company reported a $6,000 profit.

Sales dropped 26.6% to $8.8 million.

The company cut operating expenses by $1.9 million vs. the same period last year.

In 2010, the company willl launch O'Neill eyewear.

 


More on: earnings, Orange 21, Spy

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