The red ink deepened to a loss of $3,411,000 in the fiscal first quarter ended July 31 from a loss of $1,855,000 last year, on 4% lower sales of $85,077,000, down from $88,334,000 in a seasonally slow period. Fiscal second-quarter sales will jump sequentially as the hunting season hits, but are still expected to decline 3% to 5% from last year. Gross margin narrowed by 140 basis points to 25.9%, hit by tariffs on imported materials and components along with unfavorable fixed-cost absorption from lower production volumes. Operating expenses were ... Log in to view full article.