Spy Inc. returned to growth in Q3, with sales rising 8.1% to $11 million for the period ended Sept. 30.
Categories that recorded increased sales included prescription glasses, moto goggles, snow goggles and sunglasses.
Gross margin improved to 49.2% vs. 48.5%.
Income from operations was $600,000 vs. $500,000 during the same period last year.
Spy’s net loss narrowed to $100,000 vs. a net loss of $300,000 during the same period last year.
For Q4, the company is focused on fulfilling snow goggle orders, expanding its Happy Lens offering, driving sales growth, improving product margins and launching the 2015 product line, CEO Michael Marckx said.
Â
