Financial reports: Sport Supply Group, Mobility Electronics

Sport Supply Group posts operating income

Sporting goods equipment supplier Sport Supply Group (OTCBB: SSPY) suffered a 4% decline in second-quarter net revenue, to $26.8 million from $28.0 million last year. But that’s not the story. Operating income for the quarter was $513,000, an improvement from the $266,000 operating loss posted for the second quarter of last year.

Sport Supply Group has more than 198 organizations under contract with its associate program and believes these organizations have more than 28 million members. The Dallas-based company’s associate program allows these organizations to incorporate its electronic catalog and market its sporting goods products to their members in exchange for a percentage of the revenue generated from the their sites.

Mobility narrows loss Scottsdale, AZ-based Mobility Electronics (Nasdaq: MOBE), which agreed to acquire iGo Corp., earlier this year reported revenue of $6.7 million for the quarter ended June 30. This compares to the $7.0 million recorded in the second quarter last year. On a reported basis, Mobility, which provides portable computing solutions for mobile computers, reported a net loss of $3.0 million, less than half of the $6.1 million loss it posted for the same period of last year.

Regarding the acquisition of iGo, which sells batteries and other accessories for mobile computers and devices, “we are on plan with our expectations and integration efforts,” Mobility president/CEO Charlie Mollo said in a statement. The company expects to close the acquisition in early September. “We will be reducing iGo’s cost structure significantly, while leaving their valuable direct catalog, Internet, and distribution sales channels intact,” Mollo said.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.