| Business Summary | | Variflex
Inc.
is
a
distributor
and
wholesaler
in
the
United
States
of
in-line
skates,
skateboards,
scooters,
recreational
protective
equipment
(such
as
wrist
guards,
elbow
pads
and
knee
pads
used
by
skaters
and
skateboarders)
and
helmets,
portable
instant
canopies,
and
springless
trampolines.
The
Company
designs
and
develops
these
products
which
are
then
manufactured
to
the
Company's
detailed
specifications
by
independent
contractors.
The
Company
distributes
its
products
throughout
the
United
States
and
in
foreign
countries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Variflex,
Inc.
designs,
develops,
and
markets
in-line
skates,
skateboards,
scoot
skates,
scooters
and
bicycle
and
recreational
safety
helmets
and
athletic
protective
equipment.
For
the
nine
months
ended
4/30/01,
net
sales
rose
23%
to
$46.3
million.
Net
income
totaled
$1.3
million,
up
from
$194
thousand.
Revenues
reflect
increased
sales
of
canopies
and
protective
products.
Net
income
also
reflects
increased
operating
margins
due
to
reduced
legal
and
promotional
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Mark Siegel, 49 Chairman | -- | Raymond Losi II, 48 CEO,
Chief Operating Officer | $369K | Steven Muellner, 50 Pres | 311K | Roger Wasserman, 59 CFO
and Treasurer | 149K | Paula Coffman, 36 VP
of Operations | 111K | Dollar amounts are as of 31-July-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|