Sequential Brands Group Inc. said its fourth-quarter normalized net income amounted to 5 cents per share, compared with the S&P Capital IQ consensus estimate of 17 cents per share.
EPS decreased 81.2% year over year from 25 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.2 million, a decline of 77.1% from $9.5 million in the year-earlier period.
The normalized profit margin dropped to 15.7% from 51.0% in the year-earlier period.
Total revenue totaled $31.4 million, and total operating expenses totaled $13.2 million.
Reported net income came to a loss of $5.8 million, or a loss of 12 cents per share, compared to a loss of $4.1 million, or a loss of 11 cents per share, in the prior-year period.
For the year, the company's normalized net income totaled 17 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 41 cents.
EPS rose from 5 cents in the prior year.
Normalized net income was $7.1 million, a rise from $1.6 million in the prior year.
Full-year total revenue increased from the prior-year period to $88.3 million from $41.8 million, and total operating expenses increased 35.3% on an annual basis to $39.1 million from $28.9 million.
The company said reported net income came to a loss of $2.9 million, or a loss of 7 cents per share, in the full year, compared with a loss of $1.2 million, or a loss of 4 cents per share, the prior year.