The annual net loss at Orange 21, the parent of...

2009-04-21T00:00:00

The annual net loss at Orange 21, the parent of Spy Optic, rose by 90 percent to $15.2 million, but included non-cash charges of $8.4 million for goodwill impairment related to the California company’s acquisition of LEM in Italy in 2006. Annual sales grew by 1.6 percent to $47.3 million. ...

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