3Q Net Income Down at Moore Medical
Third-quarter net income at New Britain, CT–based Moore Medical Corp. (Amex: MMD) fell 16%, to $500,000 from $600,000 last year. The b-to-b medical supplies marketer blames external price pressures and aggressive pricing associated with gaining entry into competitive markets. The good news is that net sales increased 3%, to $38.1 million from $37.0 million last year.
Concepts Direct Narrows Net Loss
Gifts and stationery cataloger Concepts Direct (OTCBB: CDIR) reported sales of $31.9 million for the nine months ended Sept. 30. That’s down 13% $36.3 million for the first nine months of 2002. The Longmont, CO-based company, whose titles include Linda Anderson, Colorful Images, and Snoopy Etc., nonetheless managed to narrow its net loss significantly. For the first nine months of this year, Concepts Direct lost $1.7 million, compared with the net loss of $7.6 million it took for the first nine months of last year.