Decorize posts net loss in first quarter

The furniture distributor had $3.6 million in net sales for the period that ended March 31, down from $3.9 million in the same quarter last year. The company’s specialty-retailer segment saw a $500,000 sales increase, but its large-retailer segment reported an $800,000 drop in sales.

Total cost of sales and expenses was down 9 percent to $3.7 million. Overall, Decorize reported a $116,000 net loss for the quarter.

“We believe that we have presented our products to only a small portion of a vast number of large- and medium-sized retailers who would find our offerings attractive,” the company said in the report. “… We are implementing our plan to market our products to new customers, with the intent to develop a broader customer base and diminish the effect of one or more large retailers on our results of operations.”

Shares (OTC:DCZI.OB) were trading at 15 cents as of May 13. The 52-week range is 14 cents to 61 cents.