LeapFrog continues recovery

LeapFrog has posted a wider first-quarter loss, but the firm says it is on course to continue its recovery after sales of its LeapPad system peaked.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

The firm reported a net loss of $30.4 million, compared with a loss of $23.6 million, a year earlier. Net sales for the quarter ended March 31st fell 8.4 percent to $60.9 million from $66.5 million.

Analysts, on average, were expecting a loss of 40 cents a share for the quarter on about $53.1 million in sales.

"First-quarter sales and gross margin were generally on track with our expectations," said CEO Jeff Katz. "Our cash balance at quarter-end remained strong, and our new product milestones for 2007 and 2008 remain on plan."

The firm said it expects a modest sales decline from last year's total of $502.3 million, with softer sales in the first half of the year. Sales are expected pick up over the second half of the year as it implements a turnaround effort centred around the new FLY Fusion Line due for launch during the third-quarter.

Related

5_Pocoyo.jpg

Changes afoot for LeapFrog

LeapFrog has announced a number of new initiatives after posting a third-quarter loss, lining up new products, expanding to China and taking other steps to improve results.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.