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

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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