LeapFrog registers increased net sales for Q2 2013 - ToyNews

LeapFrog registers increased net sales for Q2 2013

Company attributes increased figure to sales of the LeapPad learning tablet line and LeapReader reading-and-writing line
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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.

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