Spy parent company reports loss

<p>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.</p> <p>During the same period last year, the company reported a $6,000 profit.</p> <p>Sales dropped 26.6% to $8.8 million.</p> <p>The company cut operating expenses by $1.9 million vs. the same period last year.</p> <p>In 2010, the company willl launch O'Neill eyewear.</p> <p> </p>