Talon International, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
November 12, 2015 at 04:15 pm EST
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Talon International, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the third quarter, the company's net sales were $9,992,091 compared to $11,749,970 a year ago. Income from operations was $163,231 compared to $315,122 a year ago. Loss before provision for income taxes was $98,784 against income before provision for income taxes of $218,251 a year ago. Net loss was $90,353 against net income of $57,086 a year ago. Operating income was $163,000, or 1.6% of sales, as compared to $315,000, or 2.7% of sales, for the same period in 2014.
For the nine months, the company's net sales were $36,587,791 against $39,052,257 a year ago. Income from operations was $790,253 compared to $1,938,881 a year ago. Income before provision for income taxes was $327,677 against $1,621,125 a year ago. Net income was $198,931 against $888,826 a year ago. Basic and diluted net income per share was $0.00 against $0.01 a year ago. Operating income was $790,000 as compared to $1.9 million for the same period in 2014.
Talon International, Inc. is an apparel company, which specializes in the distribution of trim items to manufacturers of fashion apparel, specialty retailers and mass merchandisers. The Company acts as a full-service outsourced trim management department for manufacturers, a specified supplier of trim items to owners of specific brands, brand licensees and retailers, a manufacturer and distributor of zippers under the Talon brand name and a distributor of stretch waistbands that utilize licensed patented technology under the Tekfit/Adjustec brand name. Its products include Zippers, Trim, Packaging, Adjustec and Bonding. The Zippers products include metal, coil, vintage, plastic, KidZip, and others. The Trim products include paper trims, labels, hardware, heat transfer and others. Its Adjustec products provide shirts, pockets, pants and proprietary. Its Packaging product provides boxes, bags and specialties. The Bonding products include seam sealing tape, overlay, adhesives and flex-it.
TALON INTERNATIONAL, INC. 
