First Quarter 2016 Results for Sequential Brands shows
revenue growth. The fashion brand licensing company is moving in a positive
direction. Total revenue for the first quarter ended March 31, 2016 increased
to $34.0 million, compared to $13.6 million in the prior year quarter. Adjusted
EBITDA for the first quarter was $16.7 million, compared to $8.0 million in the
prior year quarter. On a non-GAAP basis, net income for the quarter ending March
31, 2016 was $2.5 million, or $0.04 per diluted share, compared to $1.3 million,
or $0.03 per diluted share, in the prior year quarter. On a GAAP basis, net loss
was $(1.1) million for the first quarter, or $(0.02) per diluted share, compared
to net income of $1.4 million, or $0.04 per diluted share, in the prior year
quarter.
You can see more information such as tables for a
reconciliation of GAAP to non-GAAP measures in the investor relations section of
their website. See their press release for more information.
Sequential Brands Group believes
that great brands are built one step at a time. They also need great people to
help nurture and grow them. They have gathered a group of seasoned experts
ranging from consumer design, product development, marketing, branding,
licensing, digital media, and PR to work with all their brands.
Their experts, who span multiple consumer sectors, act as a
catalyst to increase value through brand design, innovation, and extension
through their licensing model. A well-defined, strategic philosophy and mission
statement promotes, supports, and protects Sequential Brands Group most valuable
asset which is their owned brands.
Learn more about
Sequential Brands Group.
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