Orange 21 Inc., owner of eyewear brand Spy Optics, reported a 15.3% bump in sales that reached $8.3 million in the first quarter from $7.4 million in the year-ago period. Domestically, net sales that include the U.S. and Canada, were up 1% to 79% of total net sales for the three months ended March 31. In contrast, International net sales were down 1% to 21% of total net sales in the first quarter. On a segmented basis, Orange 21 maintained that sales were up for all customer classes, more specifically in the company’s key accounts and close out retailers. The net loss was $937,000, or 8 cents per diluted share, compared to a net loss of $804,000, or 8 cents per diluted share, in the prior-year period.
