Signs of righting the ship on new product launches began to materialize for Q3 as net loss narrowed to $20,324,000 from $21,117,000 on a 23% revenue decline to $32,989,000 from $42,996,000, with the top line landing at the low end of guidance and net results landing above the high end of expectations. U.S. sales were down 20% to $25.6 million, while International declined 32% to $7.4 million as impacts from international distributor transitions and planned retail store closures continued to play out.

Gross margin contracted 120 b.p. to 43.2% on higher mix ... Log in to view full article.