Audiohighway.com reported that sales jumped by nearly 700% in the third quarter ended September 30, hitting $613,000. The net loss in the period rose to $2.8 million from $2.3 million.
Company president Nathan Schuloff noted that a more telling comparison is that audiohighway's third-quarter sales rose 146% over second-quarter sales and were ahead of management expectations.
For the nine-month period, sales were up by more than 1000%, to just over $1 million, while audiohighway.com's net loss more than doubled, to $6.8 million.
