Spy Optic is a $42.4 million Carlsbad-based action sports business which is publicly traded under the name Orange 21. TransWorld Business magazine’s Jeff Harbaugh gives the Orange 21 quarterly report the once over. Here are some of the details:
Until recently, it’s been kind of a tough road for Spy Optics (publicly traded under the corporate name of Orange 21). Though sales grew from $22.3 million in 2002 to $42.4 million in 2006, profits of $911,000, $500,000, and $807,000 in 2002 through 2004 gave way to losses of $1.7 and $7.3 million respectively in 2005 and 2006. Gross profit, at 51 percent in 2002, had fallen to 41 percent in 2006.
For the rest of the behind-the-business details, follow the link.
[Link: TransWorld Business]
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