a.k.a. Brands Q1 prelim net sales ~$120M, beats guidance; NYSE warns on sub-$1 stock

A.K.A. BRANDS HOLDING CORP.

2023-Q1 EPS reported -$0.07 revenue$120,485,000

Net sales ~$120M, above guidance of $113-116M; net loss $9.6-9.7M in line.
Adjusted EBITDA $2.0-2.2M, exceeding guidance of $1.5-1.8M.
NYSE notified on Apr 12 avg closing price <$1 over 30 days; 6-month cure period.
Company may pursue reverse stock split to regain NYSE listing compliance.
Stock continues trading under AKA with .BC designation during cure period.

item 2.02 item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

A.K.A. BRANDS HOLDING CORP. reported the first quarter ended March 31, 2023 results: revenue approximately $120 million, net income approximately $9.7 million to $9.6 million.

Period: the first quarter ended March 31, 2023
Revenue: approximately $120 million
Net income: approximately $9.7 million to $9.6 million
Result: preliminary results

Exact text from the filing

to release its first quarter results after the market close on Wednesday, May 10, 2023. For the first quarter of 2023 the Company expects to report: • Net sales of approximately $120 million, exceeding the high end of its previously provided outlook of between $113 million and $116 million. • Net loss of approximately $9.7 million to $9.6 million, within management’s

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38 earnings releases filed in the last 30 days. Browse all earnings releases →

A.K.A. BRANDS HOLDING CORP. filing history →

Source: SEC EDGAR

accession 0001865107-23-000020

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