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
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
RELATED NEWS
Trade SQBG now with 
Follow RTT