Scott's Liquid Gold Q2 net loss widens to $4.3M; revenue down 17% same-brand; $3.6M impairment

Horizon Kinetics Holding Corp

2022-Q2 EPS reported -$0.38 revenue$11,172,000

Net sales of $5.4M, down ~17% YoY on same-brand basis due to Dryel sale, Batiste discontinuation, and supply chain issues with BIZ powder boosters.
Net loss of $4.3M vs $1.1M in prior year; includes $3.6M impairment of goodwill and intangible assets for Kids N Pets and Messy Pet lines.
Adjusted net loss from operations was $0.6M in both Q2 2022 and Q2 2021, reflecting cost structure improvements.
Terminated exclusive distributor agreement for Alpha Skin Care in China; pursuing new go-to-market strategy.
Generated $0.5M operating cash flow in the quarter.

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