Cherokee Global Brands: Q4 net loss widens to 45.6 mn dollars

Revenues at Cherokee Global Brands for the fourth quarter were 6.9 million dollars from continuing operations, while net loss of 45.6 million dollars or 3.26 dollars per diluted share, the company said, reflected the impact of a one-time impairment charge of 35.5 million dollars against 11.1 million dollars or 0.96 dollar last year. For the full year, revenues were 29.4 million dollars from continuing operations, while net loss was 56 million dollars or 4.17 dollars per diluted share, including the one-time impairment charge against 7.9 million dollars or 0.84dollar per share. Adjusted EBITDA reached 3.9 million dollars compared to 14.9 million dollars in the prior year.