Electronics Retailer Systemax Reports $6.3M Loss in First Quarter
Electronics retailer Systemax Inc. Tuesday reported a $6.3-million loss for the first quarter as its retail sales of computer accessories and software dipped. A year earlier, the Port Washington company earned $7.1 million.
Revenue fell to $880.7 million during January, February and March, down 4 percent from the same period last year, said the company, which sells computers, other consumer electronics and industrial products in North America and Europe.
Richard Leeds, the company's chairman and chief executive, said the results were an improvement from the fourth quarter, when Systemax lost $27.1 million.