Dynavox reports loss as sales fall 29%
DynaVox Inc. reported a net loss of $270,000, or 2 cents a share, in the 13 weeks ended Sept. 28 as sales dropped 29 percent.
The company's stock fell 8.2 percent on the report on Tuesday, closing at 38 cents a share, down 3.4 cents. The stock has dropped 89.6 percent this year.
The loss at the South Side-based company, which makes communication and education products for people with speech and learning disabilities, compares with net income of $440,000, or 4 cents a share, a year before.
The company blamed “difficult economic conditions” for the decline in sales. It reported sales of $18.6 million for the period, compared with $26.2 million the year before.
Alex Nixon is a staff writer for Trib Total Media. He can be reached at 412-320-7928 or email@example.com.
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