{"id":11642,"date":"2009-11-16T16:02:27","date_gmt":"2009-11-17T00:02:27","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=11642"},"modified":"2009-11-16T16:05:51","modified_gmt":"2009-11-17T00:05:51","slug":"orange-21-reports-1-1-million-loss","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=11642","title":{"rendered":"Orange 21 Reports $1.1 Million Loss"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/09\/Orange21logo-1.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/09\/Orange21logo-1.jpg','popup','width=158,height=123,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/11\/Orange21logo-1-tm.jpg\" height=\"77\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Orange21Logo-1\" \/><\/a><strong><a href=\"http:\/\/www.orangetwentyone.com\/\" target=\"_blank\">Orange 21<\/a><\/strong>, the parent company of <strong><a href=\"http:\/\/www.spyoptic.com\/\" target=\"_blank\">Spy Optic<\/a><\/strong> filed their <strong><a href=\"http:\/\/www.gurufocus.com\/StockLink.php?type=sec&amp;symbol=ORNG&amp;date=2009-11-16&amp;report=10-Q\" target=\"_blank\">Form 10-Q<\/a><\/strong> today for the quarter ended September 20, 2009 and reported drops across the board.<\/p>\n<ul>\n<li>Consolidated gross profit decreased 52% to $2.9 million compared to 2008<\/li>\n<li>Consolidated net sales decreased 27% to $8.8 million<\/li>\n<li>A net loss of $1.1 million was incurred for the quarter<\/li>\n<li>Sales have decreased across all lines including snow and motocross goggles and sunglasses and amongst all customer classes.<\/li>\n<li>Sales and marketing expense decreased 41% to $1.8 million<\/li>\n<li>US employees are currently under a temporary 10% reduction in pay<\/li>\n<\/ul>\n<p>Looks like management is pulling in the belt right along with the sales drop. But then what?<br \/>\n<strong><br \/>\n[Link: <\/strong><strong><a href=\"http:\/\/www.gurufocus.com\/StockLink.php?type=sec&amp;symbol=ORNG&amp;date=2009-11-16&amp;report=10-Q\" target=\"_blank\">Guru Focus<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Orange 21, the parent company of Spy Optic filed their Form 10-Q today for the quarter ended September 20, 2009 and reported drops across the board. Consolidated gross profit decreased 52% to $2.9 million compared to 2008 Consolidated net sales decreased 27% to $8.8 million A net loss of $1.1 million was incurred for the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/11642"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11642"}],"version-history":[{"count":3,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/11642\/revisions"}],"predecessor-version":[{"id":11645,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/11642\/revisions\/11645"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11642"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}