The loser in the Bike bid posted a 23% increase in net sales for the fiscal Q2 ended December 31, 2002 , racking up $3.5 million in sales . The net loss for the quarter narrowed a bit to -$231.1k from -$253.1k in the year-ago period. BOO saw gross profits grow due to a slight sales increase in higher margin private label goods. The gain was offset by higher SG&A expenses, notably “higher legal and professional fees incurred in connection with potential acquisitions candidates.”
Order backlogs on 12/31 rose 100% over year ago comparisons and January saw higher sales. The company said it failed to process and ship the backlog increases during December, impacting operating results.
>>> Looks like the failure to ship December goods helped the 12/31 backlog (and January shipments)
