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