The company behind ComforTemp, Frisby Technologies, today posted a drop in first quarter net revenues to $1,58 million, from $1.6 million the year before. Cited for the decline are the continuing global downturn in the consumer apparel, outdoor footwear and sporting goods markets.

The shortfalls were partially offset by increased revenues by the company’s majority-owned European affiliate, Schoeller Frisby Technologies GmbH, whose diversification into new markets outside those of apparel and footwear helped increase sales by around $157,000 year-on-year.

The company posted a net loss for the period of $1.25 million or 15 cents per diluted share compared with $1.13 million or 17 cents the year before.

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