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
U.S. food maker Kraft Heinz Co., which had offered $143 billion in cash and stock to buy Anglo-Dutch consumer goods company Unilever, Sunday said it has amicably agreed to withdraw its proposal for a combination of the two companies. Dairy giant Saputo Inc. is voluntarily recalling certain Gouda cheese products in the U.S. due to potential listeria contamination. Saputo said one of its suppliers, Deutsch Kase Haus, LLC of Middlebury, Indiana, notified the company that some specialty Gouda cheese products that it supplied to Saputo's Green Bay, Wisconsin facility may have been contaminated with Listeria monocytogenes. Amazon is exploring the possibility of using parachutes to drop drone-delivered packages. The e-commerce giant has been granted a patent titled, "Maneuvering a package following in-flight release from an unmanned aerial vehicle".
comments powered by Disqus
Follow RTT