Bumpy road for LeapFrog

LeapFrog (NYSE:LF) reports sales in the U.S. segment fell 47% Y/Y to $47M in FQ1 and dropped 34% in its international segment.

Though the company is trying to look forward to new lines of products this year, a retail inventory carryover from last year's holiday season is still hampering its progress.

SG&A expenses were flat in FQ1 from a year ago, but on a percentage of sales basis they skyrocketed.

Guidance from the company is far from re-assuring, revenue isn't supposed to pick up until the December quarter and EPS for the full year is forecast to fall compared to a year ago.

LF -13.3% AH

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Comments (1)
  • navrs
    , contributor
    Comments (25) | Send Message
    whoever was late he should top up now LF, the cheapest high tech stock out there
    6 Aug 2014, 06:31 PM Reply Like
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