Meade Instruments Corp.: The Irvine designer and...
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
Meade Instruments Corp.: The Irvine designer and manufacturer of telescopes and accessories reported a net loss of $3 million, or 84 cents a share, for the fiscal year ended Feb. 28, which
included a one-time charge of $4.3 million. In the previous year, the company earned $1.6 million, or 34 cents a share. Sales advanced 58% to $47.2 million from $29.8 million. A net loss of
$4 million, or $1.06 a share, was recorded for the fourth quarter, contrasted with net income of $77,000, or 2 cents a share, for the like period last year. Sales rose 30% to $8.2 million
from $6.3 million. The company completed its initial public offering in April.