Meade Instruments Reports Q1 Results

Published: Jul 17, 2012

IRVINE, Calif., July 16, 2012 (GLOBE NEWSWIRE) -- Meade Instruments Corp. (Nasdaq:MEAD), a leading designer and manufacturer of consumer optical products, including telescopes, binoculars and microscopes, today reported net sales of $4.1 million for the first quarter of fiscal 2013 ended May 31, 2012, compared with $4.2 million for the first quarter of fiscal 2012 ended May 31, 2011. The Company reported a net loss of $0.8 million, or $0.65 per share, for the first quarter of fiscal 2013, compared with a net loss of $0.2 million, or $0.20 per share, in the same quarter of fiscal 2012.

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