Nautilus second-quarter loss shrinks to $3.3 million
Tuesday, August 9, 2011
Nautilus Inc. posted a loss of $3.3 million for its second quarter, which ended June 30, the Vancouver-based maker of fitness equipment said Monday. That compares with a $10.7 million loss in the second quarter of 2010.
Net sales climbed to $34.7 million, up 13 percent year over year.
The company’s second quarter is its “most seasonally challenging” financial quarter, Bruce Cazenave, CEO of Nautilus, said in a news release. However, Nautilus sees improvements “on a number of key internal metrics,” including increased advertising effectiveness and higher consumer credit approval rates, he said.
Nautilus stock closed down 11.7 percent Monday, at $1.66 per share.