a.k.a. Brands Q3 net sales up 155% to $161.8M; net loss $9.9M vs profit $7.1M last year

A.K.A. BRANDS HOLDING CORP.

2021-Q3 EPS reported -$0.07 revenue$379,768,000

Net sales $161.8M (+155% YoY); Culture Kings contributed $62.8M. Pro-forma growth 44%.
Net loss $(9.9)M or $(0.11)/share; net income $7.1M or $0.10/share in Q3 2020. Adjusted net income $3.5M or $0.04/share.
Adjusted EBITDA $18.5M (11.5% of sales) vs $12.9M (20.4%) last year, margin down on air freight and Culture Kings mix.
Gross margin 53.2% vs 60.8% due to $6M purchase accounting charge and higher air freight.
Acquired mnml, a DTC men's streetwear brand, on Oct 14, 2021.

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