Revenue during the quarter dropped 3.29 percent to $48.55 million from $50.20 million in the previous year period. Gross margin for the quarter expanded 90 basis points over the previous year period to 31.98 percent. Operating margin for the quarter period stood at positive 2.05 percent as compared to a negative 5.46 percent for the previous year period.

Operating income for the quarter was $1 million, compared with an operating loss of $2.74 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $2.63 million compared with $3.14 million in the prior year period. At the same time, adjusted EBITDA margin contracted 84 basis points in the quarter to 5.41 percent from 6.25 percent in the last year period.

"Summer Infant's third quarter played out largely as expected, with strong underlying operating performance - including earnings of $0.01 per share - even as revenue was flat year-over-year," said Mark Messner, president and chief executive officer. "Our gross margins remain on track, G&A expenses fell 25% versus 2015, and sound working capital management left our inventory at the lowest level in recent memory ��" down 26% from this time last year. Our balance sheet is in the best shape we’ve seen in many quarters, and the Company is well positioned for improved bottom line results going forward."