Slinger reported sales in the second quarter ended October 31 increased 106.1 percent to $5.4 million versus $2.6 million.
Gross profit increased 100.4 percent to $2.1 million versus $1.0 million. Slinger’s GAAP operating loss was $35.1 million against a loss of ($0.2) million a year ago while its non-GAAP operating loss was ($0.8) million versus ($0.1) million.
The company, known for its Slinger Bag tennis ball launcher and accessories, said it is working with its auditor to finalize the technical accounting for its convertible note brought up during the quarter-end close. Once there is a resolution, the company will file its 10-Q and proceed with its full earnings release and investor strategy update/earnings conference call as soon as possible.
