The Assn. of surfing Professionals reported Thursday a $3.2 million loss for the second quarter.

The loss came despite AVP launching its 25th season and the celebrity status of top teams Misty May-Treanor and Kerri Walsh, and Phil Dalhausser and Todd Rogers as the Olympics approached.

The net loss was larger than for the same period last year ($1.2 million) but included a one-time charge of $300,000 to a service provider and $400,000 in payments for employee option grants.

“We are confident the performance of our athletes in the Olympic Games will serve as a catalyst for our sport as we continue the summer-long AVP Crocs Tour,” CEO Leonard Armato said in a written statement. “We look forward with great anticipation to our flagship event, the historic Manhattan Beach Open in September and also, to the second year of the Hot Winter Nights Tour.”

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