NEW YORK, October 21, 2019 – Shares of Sequential Brands Group Inc. (NASDAQ: SQBG) showed the bearish trend with a lower momentum of -3.70% to $0.40. The company traded total volume of 177.280K shares as contrast to its average volume of 386.49K shares. The company has a market value of $26.81M and about 67.85M shares outstanding.
For the first quarter ended March 31, 2019, Sequential Brands Group, Inc. (SQBG) reported total revenue of $36.90M, compared to $38.10M in the prior year quarter. On a GAAP basis, net loss for the first quarter 2019 was $125.30M or $(1.95) per diluted share compared to a net loss for the first quarter 2018 of $2.30M or $(0.04) per diluted share. Included in the net loss for the first quarter 2019 was $161.20M impairment related to the sale of the Martha Stewart and Emeril Lagasse brands. Non-GAAP net loss for the first quarter 2019 was $0.80M, or $(0.01) per diluted share, compared to non-GAAP net income of $3.60M, or $0.06 per diluted share, in the prior year period. Adjusted EBITDA for the first quarter of 2019 was $16.80M, compared to $21.20M in the prior year quarter.
ROE was recorded as -67.40% while beta factor was 0.59. The stock, as of recent close, has shown the weekly upbeat performance of 36.24% which was maintained at -50.62% in this year.