Net loss expanded to $80,877,000 from a loss of $60,079,000 in the first quarter on revenues that were off 17% to $247,865,000 from $298,942,000 with strong early sell-through of the $199 Versa smartwatch that combined with the Ionic launched last year to account for 30% of total revenue. But traditional fitness tracker sales were down more than expected as the retail channel reduced inventory. Gross margin surged 650 basis points to 46.0% benefitting from a one-time ... Log in to view full article.