Orange 21 Inc. reported consolidated earnings results for the third quarter ended September 30, 2009. For the quarter, consolidated net sales were $8.8 million compared to net sales of $12.0 million for the three months ended September 30, 2008. The company incurred a net loss of $1.1 million for the three months ended September 30, 2009, compared to net income of $6,000 for the three months ended September 30, 2008. The net loss for the three months ended September 30, 2009 included a $0.7 million increase in inventory reserves for slow moving and obsolete inventory and $115,000 in non-cash share-based compensation costs in accordance with FASB authoritative guidance. Cash generated from operating activities during the three months ended September 30, 2009 was $2.1 million and total cash generated during the prior comparable period was $0.4 million.

Orange 21 Inc., Q3 2009 Earnings Call, Nov-19-2009

Orange 21 Inc. reported un-audited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported income from operations of $1.1 million and loss before income taxes of $1.1 million compared to income from operations of $36,000 and income before income taxes of $59,000 for the same quarter last year. For the nine months, the company reported net loss of $2.2 million or $0.19 per diluted share on net sales of $25.3 million compared to net loss of $1.1 million or $0.14 per diluted share on net sales of $37.6 million for the same period last year. Loss from operations of $2.2 million and loss before income taxes of $2.1 million compared to loss from operations of $0.8 million and income before income taxes of $1.3 million reported for the same period last year.