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SPY Inc. Message Board

  • casserta@rocketmail.com casserta Nov 8, 2011 9:57 PM Flag

    Bloomberg

    Here's some recent financial perf. info from Bloomsberg/Businessweek:

    Orange 21 Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2011
    08/16/2011

    Orange 21 Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2011. For the quarter, the company has reported net sales of $8,986,000 compared to $9,528,000 for the same period a year ago. Loss from operations was $2,638,000 compared to income of $618,000 for the same period a year ago.

    Loss before income taxes was $2,948,000 compared to income of $455,000 for the same period a year ago.

    Net loss was $2,951,000 compared to income of $408,000 for the same period a year ago. Diluted LPS was $0.23 compared to income of $0.03 for the same period a year ago.

    The net loss for the three months ended June 30, 2011 include $2.0 million in other operating expenses primarily because the estimated future cash flows from the sale of certain licensed products would be insufficient to cover the remaining royalty obligations. For the six months, the company has reported net sales of $15,689,000 compared to $17,796,000 for the same period a year ago. Loss from operations was $3,979,000 compared to $271,000 for the same period a year ago. Loss before income taxes was $4,516,000 compared to $453,000 for the same period a year ago. Net loss was $4,522,000 compared to $529,000 for the same period a year ago. Diluted LPS was $0.36 compared to $0.04 for the same period a year ago.

 
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