FirsTime Design limited announces third quarter results

Freeman Staff

Nov. 5, 2017

NEW BERLIN — FirsTime Design announced Friday net sales for the nine months ended Sept. 30 of $6,620, an increase of 17.1 percent compared to the same period last year, and consolidated net loss of $146 or ($0.09) per common share for the nine-month period. The loss for the nine months was attributed in part to the acquisition costs related to InnerSpace Luxury Products, LLC (“InnerSpace”) of $263. The Company reported third-quarter net sales of $3,104, an increase of 71.4 percent compared to the same period last year, and consolidated net income of $23 or $0.01 per common share. The company ended the quarter with $1,818 of cash and cash equivalents on the balance sheet.