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MINNEAPOLIS, March 27, 2019 (GLOBE NEWSWIRE) -- Evine Live Inc. (“Evine”) (NASDAQ: EVLV) today announced results for the fourth quarter and full year ended February 2, 2019. In addition, the Company announced it is reviewing strategic alternatives to enhance shareholder value.
Fiscal Year 2018 Fourth Quarter Financial Summary
Net sales of $157.6 million decreased 11.9% compared to the comparable 13-week period from last year.
Gross profit margin of 29.5% decreased 430 basis points year-over-year.
Net loss of $10.0 million, compared to net income of $6.4 million in the prior year.
Adjusted EBITDA of ($5.4) million, compared to $7.7 million in the prior year.
EPS of ($0.15) compared to $0.10 in the prior year.
Total liquidity of $36 million at year end, consisting of unrestricted cash of approximately $20 million and $16 million of availability on the Company’s revolving credit facility.
Inventory of $65 million decreased 5% compared to the end of fiscal 2017.
Net debt of $50.9 million, compared to $50.0 million at the end of fiscal 2017.
Fiscal Year 2018 Operating Highlights
http://investors.evine.com/news/news-de ... fault.aspx
USD) Feb 2019 Y/Y
Revenue 157.62M 18.21%
Net income -9.97M 255.04%
Diluted EPS -0.16 260%
Net profit margin -6.33% 289.52%
April 1 2015 the stock was worth $6.68 and now .47 cents
http://investors.evine.com/stock-inform ... fault.aspx
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