Prolong International Corp.
The Irvine maker of automotive-appearance products said it lost $1.6 million, or 6 cents a share, for the second quarter, contrasted with net income of $115,724, or 1 cent a share, for the year-earlier period. Sales rose 43% to a record $12 million. The company attributed the loss in part to higher-than-expected costs associated with its new line of products, and said it has taken steps to reduce selling, general and administrative expenses.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.