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Article Date: February 2018
Word Count: 188

Sequential Brands Takes Huge Q4 Charge

A $304.1 million goodwill impairment charge was partially offset by a $132.4 million positive benefit from deferred tax asset revaluation, driving a Q4 net loss of $162,888,000 against a loss of $980,000 last year. The goodwill writedown was triggered by the company’s market cap vs. book value, and was not associated with any particular brand. Licensing revenues in the quarter increased 3% to $46,895,000 from $45,414,000, and non-GAAP net income, which backs out the charges and a raft of other items, was $7.8 million, up from $7.3 million.


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