Fitbit Swings to Profit from Loss in Q4
Net income was $15,372,000 against a loss of $45,470,000 on flat sales of $571,199,000 compared to $570,756,000 as a lower gross margin of 38.0% against 43.6% last year was more than offset by dramatically lower spending on sales, marketing and G&A expenses. Overall SG&A spending fell to 36.1% from 46.8% prior. There was also a $33.1 million positive swing ... Log in to view full article.
