 Gatorz Inc. reported its third quarter results for the nine months ending September 30, 2009.
Operational Highlights, Period Ending September 30, 2009:
• Revenue increased by $6,301 to $554,926 for the quarter ending September 30, 2009;
• Travel Retail revenues increased by $69,300 to $95,550 over the same period last year;
• Domestic year to date revenue has stayed constant in the current recessionary economy;
• Gatorz.com internet sales generated $43,374 for the quarter from zero sales in the same period last year;
• Net loss for the period was $67,795, an improvement of $237,890 over the same period last year;
• Gross profit for the quarter was $299,664 (54.00%) an increase of $158,347 (28.24%) over the same period last year; and
• Operating expenses decreased by $67,356 over the same period last year as a result of management's implementation of cost controls.
Update: Business Combination with No Fear Retail Stores, Inc.
Stage two is proceeding as expected. Gatorz is in discussions with dealers and finalizing the last TSXV submissions.
Gatorz Inc designs, manufactures, and distributes 7075 Billet Aircraft Aluminum performance eyewear, including sunglasses from handmade Acetate. Gatorz precision built aluminum eyewear is proudly made in the USA, offering superior craftsmanship, performance and durability. Gatorz proprietary technologies include the ability to customize the frame to your specific facial features. In addition, our lens technology, TruRay Optics, offers the most comprehensive assortment of ballistic impact-proof lenses which are 100% UV blocking, optically correct and distortion free. Gatorz distribution markets include: Motorsports, Motorcycle Industry, Skydiving, Military, Off-Road Industry, Action Sports, Hunting & Fishing, to name a few. |