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a.k.a. Brands Holding Corp. annual meeting elects three directors, ratifies auditor
Wesley Bryett, Sourav Ghosh, and Kelly Thompson elected to board for terms ending 2029.
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a.k.a. Brands Q1 sales up 3% to $132.5M, adjusted EBITDA $5.1M, gross margin 63.1%
Net sales $132.5M (+3% YoY); net loss $7.1M ($0.66/sh) vs loss $8.4M ($0.78/sh) in Q1 2025.
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a.k.a. Brands Q4 net sales up 3.1% to $164M; net loss widens to $14.5M; eight new U.S. store leases
Q4 net sales $164.0M (+3.1% YoY); U.S. net sales +5.3%.
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a.k.a. Brands Q3 net sales down 1.9% to $147.1M; adj. EBITDA $7.0M vs $8.2M YoY
Net sales $147.1M, down 1.9% YoY; net loss $(5.0)M ($0.46/sh) vs $(5.4)M ($0.51/sh) prior year.
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AKA Brands refinances credit facility with $85M term loan and $35M revolver, maturity extended to 2028
New credit agreement provides $85 million term loan and approx. $35 million revolving credit capacity, replacing existing facility.
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a.k.a. Brands Q2 net sales up 7.8% to $160.5M; U.S. sales +13.7% YoY
Net sales $160.5M (+7.8% YoY); U.S. net sales $? (+13.7% YoY).
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a.k.a. Brands Annual Meeting elects three directors, ratifies PwC as auditor
Directors Christopher Dean, Ilene Eskenazi, and Matthew Hamilton were elected with over 99% of votes cast.
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a.k.a. Brands Q1 net sales up 10.1% to $128.7M; adjusted EBITDA improves to $2.7M
Net sales $128.7M (+10.1% YoY); U.S. sales up 14.2%; constant-currency growth 12.3%.
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AKA Brands Q4 net sales up 6.8% to $159M; adjusted EBITDA rises to $6.2M; plans 7 new Princess Polly stores in 2025
Q4 net sales $159.0M, +6.8% YoY; U.S. net sales +21.6%.
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a.k.a. Brands Q4 net sales up 6.8% to $159M; raises adj. EBITDA guidance to $6.0-6.2M
Preliminary Q4 net sales $159.0M (+6.8% YoY); U.S. net sales $96.1M (+21.6% YoY).
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a.k.a. Brands Q3 net sales $149.9M (+6.4% YoY); adjusted EBITDA $8.2M; loss narrows
Net loss $(5.4)M ($0.51 loss per share) vs. $(70.4)M ($6.58 loss) in Q3 2023.
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a.k.a. Brands Q2 net sales up 9.5% to $148.9M; adjusted EBITDA rises 44%
Net sales $148.9M (+9.5% YoY); U.S. net sales up 19.3% YoY.
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Shareholders approve increase in a.k.a. Brands' equity plan shares by 1.1M
Amendment No. 2 to 2021 Omnibus Incentive Plan approved, raising total authorized shares to 2,341,689.
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a.k.a. Brands grants 150,000 PSUs to Interim CEO/CFO Ciaran Long with price targets from $15 to $120
Grant of 150,000 performance-based RSUs to Ciaran Long (Interim CEO and CFO) under 2021 Omnibus Incentive Plan.
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a.k.a. Brands Q1 net sales down 3% to $116.8M; U.S. sales up 6.2%
Net loss improved to $(8.9)M ($(0.85)/share) vs $(9.6)M ($(0.89)/share) Q1 2023.
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a.k.a. Brands enters employment agreement with CLO & Head of People Kenneth C. White
Agreement effective June 6, 2022; initial 4-year term with automatic 1-year renewals.
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a.k.a. Brands replaces PwC Australia with PwC USA as auditor; material weaknesses previously disclosed
PwC Australia resigned as independent auditor effective March 11, 2024; no adverse opinions or disagreements in prior reports.
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a.k.a. Brands Q4 net sales flat; US up 12%; FY23 net loss narrows to $98.9M
Q4 net sales $148.9M (flat YoY); US net sales +11.6% vs Q4 2022.
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a.k.a. Brands increases share repurchase authorization by $3M to $5M total
Board authorized additional $3M for share repurchases, raising total authorization to $5M.
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CEO Jill Ramsey steps down, transitions to Advisor role; interim CEO Ciaran Long continues
Jill Ramsey ceased as CEO on Nov 7, 2023; will serve as Advisor to CEO until Nov 7, 2024 with $150k base salary.
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AKA Brands Q3 net loss $70.4M, U.S. sales +2%; CEO Ramsey transitions to advisor role
Net loss of $70.4M ($6.58/sh) vs $0.1M loss prior year; adjusted EBITDA $4.7M.
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a.k.a. Brands removes director Simon Beard by shareholder written consent
Majority shareholder removed Simon Beard as director without cause, effective Oct 2, 2023.
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a.k.a. Brands completes 1-for-12 reverse stock split; trading on split-adjusted basis Oct 2
Reverse split effective 5:01 PM ET Sept 29, 2023; trading on NYSE under symbol 'AKA' begins Oct 2.
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a.k.a. Brands Q2 net sales down 14.2% to $136M; net loss $5M; pays down $12.5M debt
Net sales $136.0M, down 14.2% YoY; net loss $(5.0)M ($0.04 loss per share).
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a.k.a. Brands authorizes $2M share repurchase program
Board authorized up to $2M of common stock repurchases on May 25, 2023.
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Shareholders approve 10M share increase to 2021 Omnibus Plan; directors re-elected
Amendment increases share reserve to 14,900,269 from 4,900,269; adds 1% annual evergreen through 2031.
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a.k.a. Brands Q1 beats expectations, raises full-year outlook; net sales down 18.8%
Net sales $120.5M (-18.8% YoY); net loss $(9.6)M ($0.07/sh) vs net income $1.5M in Q1 2022.
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a.k.a. Brands Q1 prelim net sales ~$120M, beats guidance; NYSE warns on sub-$1 stock
Net sales ~$120M, above guidance of $113-116M; net loss $9.6-9.7M in line.
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a.k.a. Brands Q4 net sales -18.3%; CEO Jill Ramsey on medical leave; CFO acting CEO
Q4 net sales $149.1M, down 18.3% YoY; net loss $173.9M includes $173.8M non-cash impairment.
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a.k.a. Brands Q3 net sales down 3.7% to $155.8M; adjusted EBITDA $9.2M vs $18.5M last year
Net sales $155.8M, -3.7% YoY; flat in constant currency.
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a.k.a. Brands Q2 net sales up 6.2% to $158.5M; net loss of $4.2M vs. profit last year
Net sales $158.5M (+6.2% YoY); constant-currency growth 11%. Orders +12%, avg order value -4%.
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a.k.a. Brands Q2 preliminary net sales $158.5M, net loss $4.2M; lowers FY outlook
Net sales ~$158.5M, up 6% YoY (11% constant currency), below expectations.
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a.k.a. Brands appoints Sourav Ghosh to Board and Audit Committee effective June 1, 2022
Sourav Ghosh appointed to Board and Audit Committee, effective June 1, 2022.
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a.k.a. Brands Holding Corp. elects Class I directors, ratifies PwC as auditor at 2022 annual meeting
96.98% of shares (124,764,565) were represented at the June 1, 2022 annual meeting.
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a.k.a. Brands Q1 net sales surge 115.6% to $148.3M; adjusted EBITDA $10.7M
Net sales $148.3M (+115.6% YoY); pro-forma growth of 23.6% excluding Culture Kings.
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a.k.a. Brands Q4 net sales $182.4M (+158% YoY); net income $0.0M; adjusted EBITDA $16.1M
Q4 net sales $182.4M (+157.7% YoY; pro-forma +43.2%); adjusted EBITDA margin 8.8% vs 14.6% a year ago.
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SVP and Head of People Jonathan Harvey to step down; Paige Gruemmer appointed interim Chief People Officer
Jonathan Harvey stepped down as SVP and Head of People effective Jan 31, 2022.
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a.k.a. Brands expands board to 8, adds Simon Beard and Ilene Eskenazi
Board increased from 6 to 8 members; appointments effective Dec 31, 2021.
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a.k.a. Brands Q3 net sales up 155% to $161.8M; net loss $9.9M vs profit $7.1M last year
Net sales $161.8M (+155% YoY); Culture Kings contributed $62.8M. Pro-forma growth 44%.
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a.k.a. Brands prices IPO at $11.00/share; expects $96.4M net proceeds
Offering 10M shares at $11.00/share for gross proceeds of $110M; expected to close Sept 24, 2021.