Colt Defense lost $6.7 million dollars in the quarter ending July 31, 2012.
Compared to the same quarter from one year ago, Colt sold 23.2% more products. Â Yet, the company saw a more than 250% increase in losses. Â Methinks these numbers are not good.
According to the most recent SEC filing, it would appear that Colt Defense has significant outstanding debt. Â Additionally, the company is “…currently under examination by a tax authority.” Â The audit, which has not yet been settled, hasÂ thus farÂ accruedÂ about $970,000 in expenses relating to a potential settlement.
Colt Defense manufactures and sells firearms to government entities (military & law enforcement) and to Colt Manufacturing, their affiliate who sells guns to the commercial market. Â This loss data is for Colt Defense only.
You can read the full SEC filing here.
Disclaimer: Â I am not a financial analyst, just a guy who sometimes reads SEC filings that may be of interest to my readers. Â I do not have any financial interest in Colt Defense, Colt Manufacturing or any other firearms or related companies. Â Do not use my information to make any financial decisions. Â That would be foolish.