Talon International Q3 sales increase 21.6%

General and administrative expenses for the third quarter totaled $2.1 million, essentially flat with the general and administrative expense for the same quarter in 2012.

Operating expenses for the nine months ended September 30, 2013 were $10.6 million, or 26.1% of sales, as compared to $9.9 million, or 29.8% of sales, in the first nine months of 2012.

Sales and marketing expenses for the nine months ended September 30, 2013 rose to $4.4 million from $3.5 million for the same period in 2012. General and administrative expenses for the nine months ended September 30, 2013 totaled $6.2 million, representing a decline of $225,000 from the same period in 2012.

Net income for the quarter ended September 30, 2013 was $700,000 as compared to net income of $187,000 for the same quarter in 2012. Net income for the nine months ended September 30, 2013 was $2,243,000, nearly three and one-half times higher than net income of $652,000 in the same period in 2012.

Talon International