LeapFrog (NYSE: LF) announced a net loss of $2.8 million, or a loss of 4 cents per share, on net sales of $144 million for the quarter ended Sept. 30, 2007. That compares with a net loss of $49.7 million, or a net loss of 79 cents per share, on sales of $184.7 million for the third quarter of 2006.
This has lead LeapFrog to cut jobs, 20 already in January and 85 more by April. Too bad for a company that brings educational toys to our kids, lets hope they can get back on their feet.
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