Gatorz Inc., a designer, manufacturer and distributor of performance eyewear, reported overall revenue fell 12.8% to $483,766 in the third quarter from $554,926 in the year-ago period as sales to the travel retail segment decreased by $95,550.
Gross profit decreased by 22.8%, or $68,364, from $299,664 to $231,300 and gross profit margin for the quarter was 48%, a decrease of six points from the same period last year.
Operating expenses decreased by 39.6% from $335,925 to $217,406 as a result of decrease in occupancy costs and salaries & wages due to the physical integration with No Fear Retail Stores, Inc. along with reduced sponsorships of certain athletes.
The net loss for Q3 was $27,742, a 59.0% decline from $67,795 in the same period last year.
