Home / Knowledge / News / Apparel/Garments / Talon zipper product sales soar for Q4 2007
Talon zipper product sales soar for Q4 2007
17
Apr '08
Talon International Inc reported financial results for the fourth quarter and year ended December 31, 2007.

Financial Results:
Sales for the full year 2007 totaled $40.5 million, a decline of $8.3 million from 2006. Sales for the fourth quarter 2007 were $8.9 million, a decrease of $1.6 million from the same period in 2006.

The decline in sales for both the quarter and the year was primarily attributable to a decrease in waistband product sales following the expiration in late 2006 of an exclusive sales contract. Waistband product sales for the full year 2007 were $682,000, as compared to $9.3 million in 2006. There were no sales of waistband products in the fourth quarter 2007, as compared to $1.4 million for the same period in 2006.

For the full year 2007 a net loss of $4.9 million or ($0.24) per share was reported, as compared to net income of $309,000 or $0.02 per share in 2006. For the fourth quarter, net loss of $0.9 million was reported, as compared to net income of $45,000 in 2006.

"Fiscal year 2007 was a year of significant change and challenges for the company," said Lonnie Schnell, who was appointed Talon's CEO in February 2008. "The overall financial results for the year were disappointing, as several aspects of our business did not develop at the rate anticipated.

We also absorbed several unexpected non-recurring charges. However, our overall business strategy remains sound; our products are superior; and our long-term growth opportunities are substantial."

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search