secwatch.observer — SEC 8-K summary
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Issuer:     A.K.A. BRANDS HOLDING CORP. (AKA)
CIK:        0001865107
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001865107-21-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865107/000186510721000014/0001865107-21-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865107/000186510721000014/aka-20211109.htm
  HTML page:      https://secwatch.observer/filing/0001865107-21-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer