SPY Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
For the nine months, the company's sales were $26.6 million compared with $28.4 million in the first nine months of 2014. Income from operations was decreased by approximately $0.8 million to $28,000 in the nine months of 2015, compared to $0.8 million in the nine months of 2014. Cash flow generated by operating activities was $0.5 million in the first nine months of 2015. The company incurred a net loss of $1.7 million or $0.13 per basic and diluted share and $1.5 million or $0.11 per basic and diluted share during the nine months of 2015 and 2014, respectively. Loss before provision for income taxes was $1.7 million compared with $1.5 million a year ago.