Ironclad Performance Wear Corporation, the US producer of high-performance work gloves and apparel for industrial workers, professional craftsmen and consumers, has announced its financial results for fourth quarter and fiscal year ended December 31, 2009.

Full-year net sales for 2009 were $13.6 million, representing a 14.1% increase from the 2008 figures, while gross profit increased 13.8% to $5.2 million, or 38.1% of sales. Operating expenses as a percent of sales decreased to 42.6%, or $5.8 million, compared to 56.7% of sales, or $6.8 million for full-year 2008. These changes resulted in a net loss from operations of $609,037 compared to a net loss from operations of $2.2 million for fiscal year 2008.

"In addition to increasing demand for Ironclad products, the Company continues to successfully execute on the financial plan it developed in early-2009, as evidenced by our achievement of a second profitable quarter for the year," said Scott Jarus, Chairman and CEO of Ironclad. "Despite the lingering global economic downturn, Ironclad has been successful in expanding into new markets and increasing penetration within its existing accounts."

Ironclad