Right Start Posts Gain in Net Income for Quarter

The Right Start Inc. reported net income of $1 million for the third quarter ended Oct. 28, contrasted with a net loss of $4 million for the same period last year. Revenue rose to $9.9 million from $8.8 million. The results are revised to reflect the issuance on Oct. 10 of 1.6 million shares of common stock of the company’s subsidiary the RightStart.com to a new investor and 400 shares to an existing minority investor.

The Right Start Inc. now owns 49.4% of the RightStart.com rather than 60.2%.

The company said it revised its financial statements to reflect the change, and is now reporting a loss of $7.2 million for the 39-week period ended Oct. 28. The Right Start Inc. is a national specialty retailer of educational and care products for children.