Renaissance Golf Products Inc.: The Huntington Beach...

Renaissance Golf Products Inc.: The Huntington Beach golf products and accessories company, said it lost $218,000, or 4 cents a share, for the second quarter, compared with a net loss of $397,000, or 7 cents a share, a year ago. Revenue declined 52% to $810,000 from $1.7 million.

For the first half, the company recorded a net loss of $567,000, or 10 cents a share, compared with a net loss of $996,000, or 18 cents a share, for the corresponding six months a year ago. Revenue dropped 59% to $1.2 million from $2.9 million. The company attributed the revenue decline mainly to the lack of sufficient working capital to fund inventory purchase requirements.