Cycle Country Accessories Corp. (AMEX: ATC), a manufacturer of ATV accessories including straight blades, plows, mowers, spreaders, sprayers and trailers, recently announced its financial results from the third quarter of the company’s fiscal year. Shares of Cycle Country’s stock plunged to a multi-year low late last week after the company reported a net loss of roughly $370,000 on revenues of approximately $3.5 million, or a loss of $0.06 per share for the third quarter.

During the third quarter of the fiscal year for 2007, Cycle Country recorded a loss of $0.05 per share on quarterly revenues of approximately $2.5 million. Due to the disappointing third quarter results and high material costs into the fourth quarter, the company realizes that previous year-end guidance is no longer feasible. The company’s revised earnings guidance for the full year is expected to be in the range of $0.10 per share to $0.14 per share.

The new president of Cycle Country, Jeffrey M. Tetzlaff, recently announced that he is embarrassed by the pitiful performance of the Weekend Warrior product segment, which generated less than $13,000 in revenue for the most recent quarter. To elevate revenues, the company is working to re-establish and strengthen relations with new and existing OEMs. In addition, Mr. Tetzlaff plans to implement new cost-cutting measures and ramp up sales strategies going forward.

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