![]() ![]() Any financial measure other than those prepared in accordance with GAAP should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. ![]() ![]() generally accepted accounting principles (GAAP), as provided in the reports the Company files with the Securities and Exchange Commission, may be inconsistent with similar measures presented by other companies and should only be used in conjunction with the Company’s results reported according to GAAP. This metric is an alternative to the information calculated under U.S. The Company defines Adjusted EBITDA as net income, excluding interest income or expense, taxes, depreciation and amortization, restructuring and non-cash compensation. For more information, please visit Sequential's website at: To inquire about licensing opportunities, please email: GAAP Financial Measures This press release contains projected measures of Adjusted EBITDA, which in a non-GAAP metric. Sequential has licensed and intends to license its brands in a variety of consumer categories to retailers, wholesalers and distributors in the United States and around the world. Sequential seeks to ensure that its brands continue to thrive and grow by employing strong brand management, design and marketing teams. (NASDAQ:SQBG) owns, promotes, markets, and licenses a portfolio of consumer brands in the fashion, home, active, and lifestyle categories. White & Case LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to the Company.ĪBOUT SEQUENTIAL BRANDS GROUP, INC. Additionally, the Company has in excess of $500 million of aggregate contractual guaranteed minimum royalties under its license agreements. The Company currently has approximately $650 million of net debt. In connection with the acquisition, the Company refinanced its existing credit facilities with Bank of America Merrill Lynch and GSO Capital Partners, LP, an affiliate of Blackstone Group. This run rate projection is anticipated after the completion of the integration of the Martha Stewart business.įor full-year 2016, the Company is increasing its projection from $145 -$150 million of revenue to $155 - $160 million of revenue and from $83 - $87 million of Adjusted EBITDA to $88 - $91 million of Adjusted EBITDA. With a 20+ year heritage, GAIAM is dedicated to making yoga, fitness and wellness accessible to all through a wide distribution network that consists of approximately 38,000 retail doors, 19,000 store within stores, 5,000 category management locations, e-commerce, and a mobile platform which features Yoga Studio, the leading paid yoga app for Apple, mobile, and tablet devices with over 1 million downloads to date.Īs a result of the acquisition, the Company previously increased its twelve-month run rate projection from $150 - $155 million of revenue to $172 - $177 million of revenue and from $92.5 - $95.0 million of Adjusted EBITDA to $112 - $115 million of Adjusted EBITDA. Yehuda Shmidman, CEO of Sequential, commented, “We are pleased that the acquisition closed on schedule and we’re excited to further tap into the growing athletic market with one of the leading yoga lifestyle brands.” Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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