Cycle Country announces third quarter revenue loss
August 15, 2008
Filed under Features
Cycle Country Accessories reported a net loss of an estimated $370,000 on revenues of about $3.4 million for this year’s third quarter.
The loss is partly due to increased raw material costs and an increase in selling and general and administrative costs. Also, the Weekend Warrior and Plastic Wheel Covers divisions showed weaker numbers.
Cycle Country’s management staff is further developing cost savings and efficiency plans, as well as re-evaluating and refocusing its efforts to generate growth in all its segments.