Sequential Brands: Q4 Earnings Snapshot
NEW YORK (AP) _ Sequential Brands Group Inc. (SQBG) on Thursday reported a loss of $4.5 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of $2.70. Losses, adjusted for non-recurring gains, came to $2.73 per share.
The licensing and brand management company posted revenue of $23 million in the period.
For the year, the company reported that its loss narrowed to $89.4 million, or $54.32 per share. Revenue was reported as $89.8 million.
Sequential Brands shares have climbed 93% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.65, more than tripling in the last 12 months.