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Article Date: May 2017
Word Count: 125

Sequential Brands Has Q1 Loss on CEO Severance


Net loss expanded to $1,180,000 from a loss of $1,076,000 in the first quarter on a 16% increase in licensing revenue to $39,400,000 from $34,008,000. SQBG incurred almost $7 million in CEO transition and other costs this year, and excluding those expenses its non-GAAP net income was $5,850,000 vs. $2,547,000 in Q1 last year. Active brands Gaiam, Avia and Heely’s were called out ... Log in to view full article.

 


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