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Stock impact report

a.k.a. Brands Holding Corp. Reports Third Quarter 2022 Financial Results

a.k.a. Brands Holding Corp. (AKA) 
Company Research Source: Business Wire
Culture Kings Reimagines In-Store Retail with Its First U.S. Flagship Store in Las VegasActive Customers1 Increased 23% on an LTM Basis Compared to the Same Period Last Year SAN FRANCISCO--(BUSINESS WIRE)--a.k.a. Brands Holding Corp. (NYSE: AKA), a brand accelerator of next generation fashion brands, today announced financial results for the third quarter ended September 30, 2022.Results for the Third QuarterNet sales decreased 3.7% to $155.8 million, compared to $161.8 million in the third quarter of 2021; flat2 in Constant Currency.Net loss was $(0.1) million or $0.00 per share, and (0.1%) of net sales in the third quarter of 2022, compared to net loss attributable to a.k.a. Brands Holding Corp. of $(9.9) million or $(0.11) per share. and (6.1%) of net sales in the third quarter of 2021.Adjusted EBITDA1 was $9.2 million, or 5.9% of net sales, compared to $18.5 million, or 11.5% of net sales in the third quarter of 2021.“Thanks to the hard work and agility of our teams, we deliver Show less Read more
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