Sequential Brands Group Announces Third Quarter 2019 Results
Sequential Brands Group, Inc. (SQBG)
Last sequential brands group, inc. earnings: 11/8 08:00 am
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US:NASDAQ Investor Relations:
ir.sequentialbrandsgroup.com
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Source: GlobeNewswire
NEW YORK, Nov. 08, 2019 (GLOBE NEWSWIRE) -- Sequential Brands Group, Inc. (“Sequential” or the “Company”) (Nasdaq:SQBG) today announced financial results for the third quarter ended September 30, 2019. “We feel great about the progress we’ve made to lay the groundwork for 2020, as we transition to a nimbler, leaner, higher margin operation. We have strong brands spanning across the lifestyle and active categories and the financial flexibility to execute against our long-term strategy,” said Sequential’s Chairman Bill Sweedler. Third Quarter 2019 Results from Continuing Operations: Total revenue from continuing operations for the third quarter ended September 30, 2019 was $25.4 million, compared to $29.5 million in the prior year quarter. On a GAAP basis, net loss from continuing operations for the third quarter 2019 was $(18.4) million or $(0.28) per diluted share compared to net loss from continuing operations for the third quarter 2018 of $(10.5) million or $(0.16) per diluted
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