Net loss widened 84% to $2,370,214 from $1,291,086 on a 2% sales increase to $4,201,745 from $4,123,648 for the fiscal third quarter ended Jan. 31. SLBG sold over 7,200 tennis ball launchers in the quarter, though top line figures were skewed due to a $700,000 backlog in the prior year. Excluding this impact, revenue would have been up 23%. Gross margin expanded 170 b.p. to 23.0%, while operating expense grew 121%, ballooning to 98% of sales from 45% on the recent ... Log in to view full article.