LeapFrog Enterprises (LF) Misses Q2 EPS by 29c, FY16 Net Sales to 'Contract Considerably'

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LeapFrog Reports Second Quarter Fiscal Year 2016 Financial Results And Other Actions

November 9, 2015 4:05 PM EST

EMERYVILLE, Calif., Nov. 9, 2015 /PRNewswire/ -- LeapFrog Enterprises, Inc. (NYSE: LF) today announced financial results for the second quarter fiscal year 2016. The Company's fiscal year covers the twelve-month period ending March 31, 2016.

Summary of financial results for the quarter ended September 30, 2015 compared to the quarter ended September 30, 2014:

Consolidated net sales were $67.2 million, down 41%. U.S. segment net sales were down 41%, and international segment net sales were down 39%. Net loss per basic and diluted share was $0.48... More