Strong results and new glove styles at Ironclad
High-tech glove and apparel firm Ironclad Performance Wear Corporation has posted improved results its fourth quarter and full year ended December 31.
It reported net sales of approximately $5.3 million for the fourth quarter, an increase of 35.5% compared with $3.9 million in fourth quarter 2006. Full-year net sales were approximately $13 million, a 36.2% increase from $9.6 million in 2006. Meanwhile, net loss for 2007 was approximately $3.9 million compared with $4.4 million.
The company expects 2008 net sales to be in the range of $15.7 million to $17.6 million, an increase of 20-34% over anticipated 2007 net sales.
President and CEO, Ed Jaeger, says: "We expect to see significant sales growth in our domestic US apparel line, leveraging the early traction we experienced in 2007; as well as growth in our international presence, where we are expanding both our glove and apparel sales. We are also penetrating new retail chains and introducing several new glove styles, including a highly anticipated cut-resistant glove for the industrial market."
