Sponsors
Billabong ▼ -0.015 | PPR ▲ +1.35 | American Apparel ▼ -0.029 | The Buckle ▲ +0.01 | Columbia ▲ +0.06 | Deckers Outdoor ▲ +2.55 | Dicks ▲ +0.12 | Foot Locker ▲ +0.18 | Genesco ▼ -0.02 | Iconix Brand Group ▲ +0.01 | Jarden Corp ▲ +0.85 | Nordstrom ▲ +1.03 | Luxottica ▲ +1.64 | Nike ▲ +1.05 | Pacific Sunwear ▼ 0.00 | Skullcandy ▲ +0.09 | Sport Chalet - 0 | Urban Outfitters ▲ +0.06 | VF Corp ▲ +0.35 | Quiksilver ▲ +0.07 | Zumiez ▲ +0.81 | Macys ▲ +0.45 | Tillys ▼ -0.04 |
Ticker Sponsor
Readers Say
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
Industry Insight

SDSI: 7 new companies accepted into the Springboard business mentoring program. AGENDA: Registration and travel planning now open for January and February trade shows.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Spy parent swings to profit

By Tiffany Montgomery
August 18, 2010 8:00 AM

Sales and gross margins improved at Orange 21, Inc., the parent company of Spy Optic, and the company swung to a profit after reporting a loss in the same period last year.

Net sales rose 5% to $9.5 million.

Gross margins increased to 58% vs. 46% in the same period last year.

The company reported net income of $408,000 vs. a loss of $254,000 in the same period last year.

The company said it benefited from better sourcing costs in Asia and a more favorable Euro exchange rate. However, it still recorded a profit even with additional costs from its new brands, Margaritaville and Melodies by MJB, which have not realized sales yet.

The company's stock is now traded in the Pink Sheets under the symbol ORNG.

 


More on: Orange 21, Spy Optics

Articles You Might Have Missed