Zipper and apparel fastener supplier Talon Inc. narrowed its net loss in the third quarter when compared to the same period a year ago.
The Woodland Hills-based firm said that competition from Asia impacted its earnings in the third quarter.
For the quarter ending Sept. 30, Talon reported a net loss of $126,020, or $0.04 per diluted share, on revenues of $9.4 million. For the same period in 2010, the company reported a net loss of $2.6 million, or $0.13 per diluted share, on revenues of $9.3 million.
“During 2011 we have seen solid growth in sales from our Trim Products, and we have added more than a dozen new customers to our approved zipper nominations representing in excess of 10 percent of our zipper sales year-to-date,” said Talon CEO Lonnie Schnell in a prepared statement.