The bottom line loss at the fitness band company bulged back into nine-figure territory at $104,097,000 in the second quarter, up from a loss of $68,518,000 last year, on 17% lower revenues of $261,272,000 vs. $313,556,000. The sales decline was attributed to just one new product introduction this year against four last year, but smartwatch sales were up 34% led by the Versa 2. Gross margin expanded 110 basis points to 35.6% helped by more DTC sales with better margins. But SG&A was also higher, growing 3% on higher R&D spending and administrative expenses related to the pending acquisition by ... Log in to view full article.