Business news : Gatorz's Credits New Retailer With 26 Percent Q4 Sales Gain

Gatorz Inc., which makes and distributes eyewear for the motorsports, military, hunting and fishing, action sports and youth markets, reported revenue of $327,736 in the fourth quarter ended Dec. 31, 2012, up 26.1 percent from the same quarter a year earlier.

 

The increase was the result of the introduction of 27 Nexcom stores to our retail distribution network towards the end of the third quarter.

Loss from operations was $97,039, an improvement of $308,091 from the same quarter last year. The improvement is a result of improved gross profit margins ($42,938) and significant reductions in personnel costs ($106,313), advertising costs ($58,727), and professional fees during the quarter.
Total comprehensive loss for the quarter was $124,077, down from $414,669 in 2011.

For the full year, revenue decreased by $130,646 to $1,503,018, due to the loss of No Fear sales, which accounted for $280,001. This was offset by an increase in Nexcom sales of $109,548 and an increase of $34,798 in Internet sales. Loss from operations was $492,790, an improvement of $78,548 over the previous year due due to a decrease of operating costs of $63,183.

Total comprehensive loss for the period was $688,041, or a penny per share, compared to the same period last year when the total comprehensive loss was $640,983, or $0.01 per share.

Source Gatorz through SportsOneSource