By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Audiovox has revised its previously released financial results for fiscal 2001. As a result of current market conditions, the company has recorded an additional net charge of $1.2 million relating to its wireless inventory.
Net loss for the fourth quarter was $3.5 million, compared with net income of $5.1 million in the fourth quarter of 2000.
For the 12 months ended Nov. 30, net loss was $8.2 million, compared with net income of $27.2 million in fiscal 2000.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.