Chatsworth, CA. Classical music, audiophile and audio-book software distributor DCC Compact Classics, Inc. has reported its financial results for the second quarter of its fiscal year, ending June 30, 1996. Sales were $1.22 million, as compared to $1.08 million for the quarter ended June 30, 1995. The increase in sales was largely due to broader distribution and a change in the company’s product mix.
Gross profit margins declined to 44% in the quarter, with a net loss of $8,000. DCC attributed the loss to increased work related to product returns and inefficiency caused by changing distributors.
“We believe we are through our transition period in having changed our distribution system from a group of independent distributors to a national distribution company,” said Marshall Blonstein, President and CEO. “We continue to expect 1996 third and fourth quarters to be profitable with increased sales.”
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