LeapFrog’s financial overview of Q2 2013 has revealed the company has enjoyed a growth in net sales.
Net sales were $83 million, up 16 per cent from the $71.5 million seen last year,
The company attributes this growth largely to sales of the LeapPad learning tablet line and LeapReader reading-and-writing line, which benefitted from new products being shipped to retailers for summer 2013 launches.
LeadFrog also saw double-digit net sales growth in multimedia learning, which includes learning tablets, learning game systems, and learn-to-read systems, and learning toys.
In the U.S. segment, net sales were $58.4 million, up 19 per cent compared to $49.1 million last year and in the International segment, net sales were $24.6 million, up 10 per cent compared to 2012’s $22.3 million. This included a one per cent negative impact from changes in currency exchange rates.
Elsewhere, loss from operations for the second quarter was $4.9 million, an improvement of 34 percent compared to $7.5 million a year ago.
Net loss (GAAP) for the second quarter was $3.3 million, also an improvement of 59 percent compared to $8.1 million a year ago.