Talon International Inc. beat analyst estimates on revenue in its first quarter earnings, and attributed the gain to strong performance from its trim products segment.
The Woodland Hills manufacturer of zippers and apparel accessories reported net income of $49,000 (0 cents a share) in the quarter ended March 31, compared to a net loss of $159,000 (0 cents) in the year-ago quarter. Revenues rose $457,000 or 4 percent to $11 million.
The single analyst that follows Talon expected revenue of $10.4 million, according to Thomson Financial Network.
“Talon continued to experience success with its trim product line, with a revenue gain of 29 percent over the prior year,” Chief Executive Larry Dyne said in a statement. “This is a result of strong customer partnerships and great products, both from our traditional trim offerings as well as our Tekfit stretch technology.”
Shares closed unchanged at 14 cents on the over-the-counter as no trades occurred Thursday.