Net loss for the full year 2019 widened to $21,970,000 against a loss of $15,266,000 as the Chinese footwear maker’s revenue plummeted 88% to $4,595,000 from $38,965,000 and gross margin could not even cover fixed manufacturing costs. By geography, Asia had a 97% decline to $289,000, followed by Europe’s 95% drop to $316,000. North America, which remains the largest export market at 80.8% ... Log in to view full article.