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Mace Security International, Inc. Reports Financial Results For The Three And Nine Months Ended September 30, 2012

Stock quotes in this article: MACE

The decrease in surveillance equipment revenues is attributed to competition from Asian manufacturers, loss of a key customer, and the sale of IVS. Personal defense and law enforcement operations saw significant increased sales through consumer and international channels and a slight increase in the sporting goods channel. Revenues increased marginally in the wholesale security monitoring division.

 

Sales By Channel-Personal Defense and Law Enforcement

    September 30, 2012   September 30, 2011   % Increase
Consumer   $643,000   $357,000   80+
International   $135,000   $49,000   178+
Sporting Goods   $782,000   $750,000   4+
     

Loss from continuing operations for the third quarter of 2012 was approximately $(700,000), or $(0.01) per share, compared to a loss from continuing operations of $(1.9) million, or $(0.04) per share, in the third quarter of 2011. The improvement is attributed to decreases in selling, general and administration (“SG&A”) expenses of $891,000, or 32%, and an increase in gross profit of $251,000, or approximately 23%.

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