WESTPORT, Conn. (BRAIN) — BOA Technology sales were up 58% in the first half of the year over the same period last year, according to quarterly reports from Compass Diversified, which acquired the company last year for $454 million.
BOA, which makes dial lace systems used on bike shoes and other products, had sales of $80.5 million in the first half, up from $51 million in the first half of last year. In the second quarter, BOA sales were $44 million, up from $25 million in the period last year.
The figures were reported on a pro forma basis as if Compass had acquired BOA on Jan. 1, 2020.
Company-wide, Compass sales were $487.4 million in the second quarter, compared to $333.6 million for the quarter ended June 30, 2020. Net loss for the quarter was $11.3 million, as compared to loss of $7.4 million last year.
Compass has 10 major brands, including the 5.11 tactical gear brand, the ErgoBaby baby carrier brand, and Sterno, the food catering equipment supplier.
Compass once owned Fox Factory and CamelBak and sold off its last remaining shares of Fox in 2017. Compass sold CamelBak to Vista Outdoor in 2015. Compass' stock is traded on the NYSE on the CODI symbol.
