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gicts

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gicts

Re: gicts post# 31

Wednesday, 02/09/2011 4:10:55 PM

Wednesday, February 09, 2011 4:10:55 PM

Post# of 83
Crud. Sales are down significantly from last year.

"For fiscal year 2011, the Company continues to expect net sales to decline in the range of 10% to 15% from fiscal year 2010."

"Gross profit for the second quarter of fiscal year 2011 declined 17% to $17.9 million, compared to $21.5 million in the second quarter of the prior year."

It does appear they are more efficient though-
"Operating income was $1.7 million in the second quarter of fiscal year 2011, compared to operating income of $5.8 million in the same period a year ago."
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