Interviews
News Flash
Talon zipper product sales soar for Q4 2007
17 Apr '08
4 min read
"The loss of sales from the Tekfit product line had a significant impact on the company in 2007," said Schnell.
"While we anticipated a sharp decline in this business in 2007 following the end of our exclusive contract in 2006, the sales cycle for this product to new customers has been much longer than expected. We remain confident and optimistic about the long-term potential for this product, although we remain cautious about its potential contribution in 2008."
Talon zipper product sales for the fourth quarter and year ended December 31, 2007 increased 4% and 25%, respectively, as compared to of the fourth quarter and full year of 2006. The improvement is attributable to the company's expansion of its global footprint throughout Southeast Asia and winning new nominations from major brand retailers.
Said Schnell, "We are pleased with the growth in our Talon zipper products for 2007, and believe there is strong growth potential for these products as apparel makers welcome Talon as a global supplier with a reputation for superior quality."
Sales of Talon Trim products declined for the fourth quarter and year ended December 31, 2007 by 9% and 17%, respectively, as compared to the fourth quarter and full year of 2006. This was primarily attributable to fewer and reduced customer programs initiated by the brands throughout the year.
Operating expenses for the full year 2007 were $15.3 million, an increase of $2.1 million over 2006. The increase in operating expenses included $1.8 million in non-recurring charges, including a reserve for the impairment of a note receivable of $1.1 million, an impairment charge for the building held for sale of $0.1 million, and professional service costs associated with inactive contracts of $0.6 million.
Operating expenses in the fourth quarter of 2007 were $3.2 million, as compared to $3.1 million for the same period in 2006. Operating expenses for the fourth quarter included a net benefit from non-recurring items of $0.4 million, which was offset by a cost increase of $0.5 million principally associated with increased sales staffing worldwide.
Net interest expense for the fourth quarter and full year ended December 31, 2007 was $542,000 and $1,680,000, respectively, as compared to $236,000 and $988,000, respectively, for the fourth quarter and full year of 2006.
The increased interest cost in 2007 over 2006 was a result of the new debt facility with Bluefin Capital entered into in June 2007, as well as the non-cash interest charges associated with the stock and warrants issued in connection with this debt.
"While we anticipated a sharp decline in this business in 2007 following the end of our exclusive contract in 2006, the sales cycle for this product to new customers has been much longer than expected. We remain confident and optimistic about the long-term potential for this product, although we remain cautious about its potential contribution in 2008."
Talon zipper product sales for the fourth quarter and year ended December 31, 2007 increased 4% and 25%, respectively, as compared to of the fourth quarter and full year of 2006. The improvement is attributable to the company's expansion of its global footprint throughout Southeast Asia and winning new nominations from major brand retailers.
Said Schnell, "We are pleased with the growth in our Talon zipper products for 2007, and believe there is strong growth potential for these products as apparel makers welcome Talon as a global supplier with a reputation for superior quality."
Sales of Talon Trim products declined for the fourth quarter and year ended December 31, 2007 by 9% and 17%, respectively, as compared to the fourth quarter and full year of 2006. This was primarily attributable to fewer and reduced customer programs initiated by the brands throughout the year.
Operating expenses for the full year 2007 were $15.3 million, an increase of $2.1 million over 2006. The increase in operating expenses included $1.8 million in non-recurring charges, including a reserve for the impairment of a note receivable of $1.1 million, an impairment charge for the building held for sale of $0.1 million, and professional service costs associated with inactive contracts of $0.6 million.
Operating expenses in the fourth quarter of 2007 were $3.2 million, as compared to $3.1 million for the same period in 2006. Operating expenses for the fourth quarter included a net benefit from non-recurring items of $0.4 million, which was offset by a cost increase of $0.5 million principally associated with increased sales staffing worldwide.
Net interest expense for the fourth quarter and full year ended December 31, 2007 was $542,000 and $1,680,000, respectively, as compared to $236,000 and $988,000, respectively, for the fourth quarter and full year of 2006.
The increased interest cost in 2007 over 2006 was a result of the new debt facility with Bluefin Capital entered into in June 2007, as well as the non-cash interest charges associated with the stock and warrants issued in connection with this debt.
Talon International Inc
Popular News
Leave your Comments
Editor’s Pick
C Devarajan & P Raajashekar
Texvalley
Durga Prasad Chalavadi
Sai Silks Kalamandir Ltd
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
