SPY Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company's sales were $9.4 million in 2015 compared with $10.98 million in the same period in 2014. Loss from operations was $0.12 million, a $0.7 million reduction from approximately $0.6 million of operating income in the same period in 2014. The company incurred a net loss of $0.8 million or $0.06 per basic and diluted share compared with $0.02 million or $0.00 per basic and diluted share for the same period a year ago. Loss before provision for income taxes was $0.8 million compared with $0.02 million a year ago.

For the nine months, the company's sales were $26.6 million compared with $28.4 million in the first nine months of 2014. Income from operations was decreased by approximately $0.8 million to $28,000 in the nine months of 2015, compared to $0.8 million in the nine months of 2014. Cash flow generated by operating activities was $0.5 million in the first nine months of 2015. The company incurred a net loss of $1.7 million or $0.13 per basic and diluted share and $1.5 million or $0.11 per basic and diluted share during the nine months of 2015 and 2014, respectively. Loss before provision for income taxes was $1.7 million compared with $1.5 million a year ago.