Aldila, Inc. reported its fifth consecutive quarter of declining sales, posting revenues of $11.8 million for the third quarter ended Sept. 30, an 11% drop from $13.2 million reported in the year-ago period.
The company also reported a net loss of $1.1 million, or 21 cents per diluted share, as compared to a net income of $687,000, or 12 cents per share, for the same period of 2007. Golf shaft sales for the quarter slipped 5%, while ASPs for shafts decreased 2% on a 3% decline in unit sales. Composite materials sales declined 38% as compared to the year-ago period as the deteriorating economy slowed new orders from the customer base.
Gross margins for the company fell to 9% as compared to 26% in the year-ago period.
