Navarre Corp.'s Funimation DVDs Down, BCI DVDs Up4 Aug, 2008 By: Chris Tribbey
DVD sales for Navarre Corp.'s Funimation were down in the company's first quarter 2009, ended June 30, but sales of BCI DVDs were up, the company reported.
Video game sales helped post net sales of $142 million, compared to $137 million during the same period last year, while profits were down to $5.3 million, compared to $7.3 million during the same period last year.
“Funimation had a solid quarter and it exceeded our sales and profit expectations,” said CEO Cary Deacon. “Growth in net sales and solid expense management of BCI led to much improved financial results … DVD video had a very strong quarter, exhibiting a 20% net sales gain on a year-over-year basis.”