SPY Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's was net sales of $9,131,000 compared to $9,192,000 for the same period of last year. Income from operations was $193,000 compared to $84,000 for the same period of last year.

Loss before provision for income taxes was $407,000 compared to $739,000 for the same period of last year. Net loss was $409,000 or $0.03 per basic and diluted share compared to $742,000 or $0.06 per basic and diluted share for the same period of last year. The decrease in Net Sales were primarily driven by lower sales of sunglasses, partially offset by higher sales in goggles and prescription frame product lines.