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Topic: RSS FeedSales decline causes third-quarter loss: Loud Technologies.(FOREFRONT: NEWS * ANALYSIS * INFORMED OPINION)(Financial report)
Music Trades, January, 2008
SALES AT LOUD TECHNOLOGIES, the parent company of Mackie Designs, EAW, and the former St. Louis Music Corp., declined .7% to $53.1 million for the three-month period ended September 30, compared with $53.4 million for the same period a year ago. The sales decline was partially offset by the inclusion of $7.3 million in revenues from Martin Audio for the period. Loud acquired Martin Audio in early 2007. The combination of reduced sales and a decline in gross profit resulted in a $1.9 million loss for the period. A year ago, the company had net income of $1.3 million.
Sales for the first nine months of 2007 slumped 6.6% to $154.6 million, versus $165.6 million for the same period a year ago. Martin Audio contributed $13.6 million in revenues for the first nine...
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