SPAR Group’s losses widen
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- November
- 13
International revenues outpaced domestic revenues in the third quarter at SPAR Group Inc. of Tarrytown, but losses still grew, the company said yesterday.
The marketing services company had a net loss of $1.75 million, or 9 cents a share, on net revenues of $14.4 million. For the comparable quarter a year earlier, SPAR had a net loss of $1.39 million, or 7 cents a share, on net revenues of $12.7 million.
International sales last quarter were $8.7 million, compared to $6 million a year earlier. The International division had a net loss last quarter of $112,000, compared to a loss of $84,000 a year earlier.
U.S. sales were $5.7 million last quarter, compared to $6.7 million a year earlier. The U.S. division had a loss of $1.6 million last quarter, compared to $1.3 million a year earlier.
A company statement said its new chief executive officer, Gary Raymond, was working on growing domestic revenue. SPAR also said it would concentrate on cost controls and adding new clients.
This entry was posted
on Tuesday, November 13th, 2007 at 5:46 pm by Jerry Gleeson.
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