Heelys Rolls to Loss Despite Higher U.S. Sales
The net loss was $973,000 against income of $473,000 for the period ended June 30. Gross margins plunged 470 b.p. to 46.9%. Total Q2 revenues fell 5% to $8,342,000 from $8,804,000. Sales in the U.S. increased 23% to $2.7 million; international revenues declined $979,000 to $5.6 million on declines in the ... Log in to view full article.
