US designer, manufacturer and retailer of task-specific gloves and performance fabric apparel Ironclad Performance Wear Corporation has posted its financial results for the three- and six-month periods ended June 30.

Net sales increased by 9.9% in the second quarter to $1.54 million compared with net sales of $1.4 million in the second quarter of 2005. Net sales for the six-month period increased by 9.4% to $3.33 million compared with $3.04 million in the corresponding period in 2005.

Second quarter net loss increased to $3.5 million, compared with $190 thousand in the same period of 2005. Included in the second quarter net loss are $2.71 million of costs related to warrants issued in connection with financing activities, and $218,000 related to employee stock option expense.

Net loss in the first six months was $4.09 million compared with a loss of $323,000 for the corresponding period in 2005. This includes $2.71 million of costs related to warrants issued in connection with financing activities, and $246,000 related to employee stock option expense.

The company expects annual net sales for 2006 in the range of $9.1 million to $9.6 million, representing an increase of 26%-33% over annual net sales of $7.2 million in 2005.