The Company expects to report its final financial results for the fourth quarter and full-year 2006 in late February. (IT'S NO NIKE BUT IT SHOULD DO OK IN THE UNDER ARMOUR SPACE)
IRONCLAD ANNOUNCES PRELIMINARY 2006 NET SALES AND 2007 NET SALES GUIDANCE
Expects to report quarter-over-quarter net sales growth in Q4 2006 of 53%
Expects to report year-over-year net sales growth of 33% for 2006; and between 46% - 56% for 2007
LOS ANGELES, CA - January 8, 2007 - Ironclad Performance Wear Corporation (ICPW.OB), a leader in high-performance gloves and apparel, today provided unaudited preliminary net sales for the fourth quarter and fiscal year ended December 31, 2006, and net sales guidance for the fiscal year ending December 31, 2007.
The Company expects to report net sales in the fourth quarter of 2006 of approximately $3.9 million, an increase of 53% compared to fourth quarter 2005 net sales of approximately $2.5 million. Full-year net sales for 2006 will be approximately $9.6 million, which is at the top end of previously provided guidance, representing an increase of 33% over 2005 net sales of $7.2 million.
Net sales for 2007 are expected to be in the range of $14 million to $15 million, representing an increase of approximately 46% to 56% over anticipated 2006 annual net sales.
"2007 is shaping up to be a year of tremendous growth opportunity for Ironclad," said Ed Jaeger, President and CEO of Ironclad Performance Wear. "In addition to the continued strong growth in our core line of task specific work gloves, we expect that the introduction of our full line of work wear apparel in the first half of 2007, and our plans to enter new international markets for both our work gloves and apparel, will accelerate the sales growth momentum in 2007."
The Company expects to report its final financial results for the fourth quarter and full-year 2006 in late February.