A SCOTTS VALLEY BASED COMPANY, THAT MANUFACTURES MOUNTAIN BIKES AND PRODUCTS FOR POWERED VEHICLES, SHOWED STRONG GROWTH LAST QUARTER AFTER IT’S IPO LAST MONTH. WITH A SOLID NETWORK OF 2,300 RETAIL DEALERS AND DISTRIBUTORS AROUND THE WORLD, SALES FOR FOX FACTORY HOLDING CORPORATION INCREASED NEARLY 16% FROM A YEAR AGO, GENERATING 70.3 MILLION DOLLARS IN GROSS SALES REVENUE. LAST QUARTER, NET INCOME FOR THE COMPANY WAS 5.7-MILLION, A 32.5-% INCREASE. COMPANY OFFICIALS ARE CONSIDERING EXPANDING FURTHER INTO PRODUCT DEVELOPMENT AND CREATING STRATEGIC PARTNERSHIPS IN ASIA AND LATIN AMERICA.
