Lehman Trikes reports net loss in its third quarter
October 21, 2008
Filed under Features
Lehman Trikes’ increased sales did not overcome an increase in costs as the company reported a loss in its third quarter.
The South Dakota-based manufacturer reported a loss of more than $14,000 in its third quarter, which ended Aug. 31.
Lehman Trikes’ third-quarter sales followed a year-long pattern, as they were up nearly 8 percent to more than $6 million. Costs of good sold, however, jumped 22 percent compared to the year-ago period.
For its first nine months, Lehman Trikes’ revenue has risen 18 percent, to $17.2 million, compared to a year ago.