Spy increased its net loss to $742,000 in the first quarter of 2014 from $721,000 in the same period a year ago, due in part to higher investments in research & development. Sales were up by 2 percent to $9,192,000 for the period and included fewer closeouts, resulting in higher gross margin of 52 percent. Income from operations grew to $84,000 from $29,000 a year ago (more in Eyewear Intelligence).

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