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Details on Industry Insight.
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.