Cybex International Q2 Loss Widens

7/24/2012 11:30 AM ET

Cybex International Inc. (CYBI: Quote) Tuesday reported a wider loss for the second quarter, due mainly to lower revenues and weak margins.

The Medway, Massachusetts-based company's second-quarter net loss was $1.21 million or $0.07 per share, compared to $555 thousand or $0.03 per share last year.

Total revenues for the quarter dropped to $30.80 million from $32.56 million in the prior-year quarter.

For the quarter, gross margin decreased to 29.4 percent from 33.8 percent in the year-ago quarter.

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by RTT Staff Writer

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