Net loss at the high-end putter and golf accessories startup widened to $4,625,000 for the full year ended Dec. 31, from a loss of $3,505,000 prior, as operating expenses dinged the bottom line. Sales rose 84% to $349,000 from $190,000, and have grown sequentially over the last three quarters. Gross margin was 35%, down 710 basis points from the year before, while operating expenses shot up 61%. Sacks raised ... Log in to view full article.
