logo
Share SHARE
FONT-SIZE Plus   Neg

Sequential Brands Q4 Loss Widens - Quick Facts

Sequential Brands Group, Inc. (SQBG.OB) reported fourth-quarter net loss attributable to common stockholders of $7.35 million or $3.00 per share, wider than $3.4 million or $1.41 per share in the previous year.

Excluding items, adjusted loss was $0.9 million or $0.37 per share, while the company posted a net income of $0.4 million or $0.16 per share in the prior-year quarter.

Loss from continuing operations for the recent quarter was $2.60 per share, compared to earnings of $0.16 per share a year ago.

Total revenues from continuing operations increased to $1.83 million from $0.4 million in the preceding year.

For the quarter, the company posted operating expenses totaling $7.95 million, significantly higher than $36 thousand in the prior year.

Commenting on the full year, Yehuda Shmidman, CEO of the company said, "2012 was a transformational year for the Company as we closed down our wholesale and retail operations and re-launched our Company under a new name, Sequential Brands Group, with a new business model, being a focused brand management company."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The U.S. Supreme Court has ruled that basic decorative elements of a cheerleading uniform may be protected by copyright law. The court handed a 6-2 verdict in favor of Varsity Brands Inc., a maker of cheerleader uniforms, in its dispute with smaller rival Star Athletica LLC. Food producer ConAgra Brands Inc. on Thursday updated its fiscal 2017 forecast for adjusted earnings and net sales after reporting lower attributable net income and net sales in its third quarter. Income from continuing operations, however, soared from last year. Sean Connolly, CEO said, "..we are updating our full year guidance to reflect the beneficial timing of certain costs and... Pepsi is pulling large bottles of its products from Philadelphia grocery store shelves after the city's new 1.5-cent-per-ounce tax on sweetened drinks. Its rival Coca-Cola has also been pulling its large bottles, reports said. They are being replaced with smaller bottles and cans of the drinks.
comments powered by Disqus
Follow RTT