LeapFrog Enterprises Inc., an online educational product marketer, reported net income of $29.3 million for the fourth quarter, compared to a net loss of $44.1 million last year.
The Emeryville, CA firm posted net sales of $188.6 million for the quarter ended Dec. 31, a 36.9% increase over $137.8 million in the prior year.
Management attributed this partly to currency exchange rate changes and to higher sales of interactive reading systems, software-based book and game content, and learning toy products.
The company reported that gross margin was 44.2%, up 9.3%$ over the prior year.
Leapfrog attributed this to in part to increased sales of high-margin interactive reading systems and software-based book and game content as well as to
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