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SQBGQ Sequential Brands

Sequential Brands Group, Inc. owns, promotes, markets, and licenses a portfolio of consumer brands in the lifestyle and active categories, which includes the AND1 brand. Sequential seeks to ensure that its brands continue to thrive and grow by employing strong brand management, and marketing teams. Sequential has licensed and intends to license its brands in a variety of consumer categories to retailers, wholesalers and distributors in the United States and around the world.

Company profile

Ticker
SQBGQ
Exchange
CEO
david Conn
Employees
Incorporated
Location
Fiscal year end
Former names
Singer Madeline Holdings, Inc.
SEC CIK
Subsidiaries
SQBG, Inc. • Sequential Licensing, Inc. • William Rast Licensing, LLC • Heeling Sports Limited • Brand Matter, LLC • SBG FM, LLC • SBG Universe Brands, LLC • Galaxy Brands, LLC • GBT Promotions LLC • Basketball Marketing Company, Inc. ...

SQBGQ stock data

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Calendar

17 Aug 21
17 Oct 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 15.5M 15.5M 15.5M 15.5M 15.5M 15.5M
Cash burn (monthly) 2.24M (positive/no burn) (positive/no burn) 3.76M 1.45M (positive/no burn)
Cash used (since last report) 21.46M n/a n/a 35.96M 13.87M n/a
Cash remaining -5.96M n/a n/a -20.46M 1.63M n/a
Runway (months of cash) -2.7 n/a n/a -5.4 1.1 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Aug 21 Stewart Martha Common stock, par value $0.01 per share Sell Dispose S No No 5.4939 180,822 993.42K 538
6 Jul 21 Stewart Martha Common stock, par value $0.01 per share Sell Dispose S No No 22 10,000 220K 181,360
2 Jul 21 Stewart Martha Common stock, par value $0.01 per share Sell Dispose S No No 22.0651 10,000 220.65K 191,360
7 Jun 21 Stewart Martha Common stock, par value $0.01 per share Sell Dispose S No No 10.8202 3,266 35.34K 201,360

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 19 20 -5.0%
Opened positions 3 6 -50.0%
Closed positions 4 4
Increased positions 4 3 +33.3%
Reduced positions 3 6 -50.0%
13F shares
Current Prev Q Change
Total value 2.72M 5.98M -54.6%
Total shares 223.65K 313.02K -28.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
NSP Management 138.65K $1.99M 0.0%
Vanguard 39.66K $338K +27.9%
Kohlberg Kravis Roberts & Co. 18.52K $158K 0.0%
Geode Capital Management 10.3K $87K -78.0%
BLK Blackrock 9.34K $80K -13.4%
BAC Bank Of America 4.13K $35K -5.8%
Lindbrook Capital 2.31K $20K 0.0%
UBS UBS Group AG - Registered Shares 600 $5K +19900.0%
MS Morgan Stanley 64 $1K +100.0%
WFC Wells Fargo & Co. 38 $0 +375.0%
Largest transactions
Shares Bought/sold Change
Siguler Guff Advisers 0 -60.19K EXIT
Geode Capital Management 10.3K -36.59K -78.0%
Vanguard 39.66K +8.65K +27.9%
BLK Blackrock 9.34K -1.44K -13.4%
UBS UBS Group AG - Registered Shares 600 +597 +19900.0%
BAC Bank Of America 4.13K -253 -5.8%
Tower Research Capital 0 -206 EXIT
MS Morgan Stanley 64 +32 +100.0%
WFC Wells Fargo & Co. 38 +30 +375.0%
CFR Cullen Frost Bankers 5 +5 NEW

Financial report summary

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Risks
  • We have incurred a substantial amount of indebtedness in connection with our acquisitions, which could adversely affect our financial condition and results of operations and raises substantial doubt about our ability to continue as a going concern.
  • Natural disasters, public health crises, political crises, and other catastrophic events or other events outside of our control may damage the facilities of our licensees on which we depend and could impact consumer spending.
  • The failure of our licensees to fulfill their financial obligations with respect to royalty payments under their license agreements or to otherwise adequately produce, market and sell products bearing our brand names in their license categories could have a material adverse effect on our business, financial condition and results of operations.
  • Our business depends on continued market acceptance of our brands and the products bearing these brands.
  • We or our licensees may not be able to continue to compete successfully because of intense competition within our licensees’ markets, the strength of some of their competitors or other factors.
  • We and our licensees are subject to risks and uncertainties relating to operating outside of the United States, foreign manufacturing and the price, availability and quality of raw materials, which could result in interruptions to their operations or increase their operating costs, thereby affecting their ability to deliver goods to the market, reducing or delaying their sales and decreasing our revenues.
  • A substantial portion of our licensing revenue is concentrated with a limited number of licensees and retail partners, such that the loss of a licensee or retail partner could materially decrease our revenue and cash flows.
  • We may not be able to adequately protect our intellectual property rights, which could compromise our competitive position and decrease the value of our brands.
  • The effects of recent or prospective changes in our management, including changes in our board, create uncertainties around our business and prospects.
  • Our results of operations may fluctuate significantly, which may make it difficult to predict our performance and result in volatility in our stock price.
  • Demand for our brands and branded products may be materially and adversely affected by reductions in disposable income, which in turn depends on general economic conditions and the global economy.
  • The market price of our common stock has declined significantly and may be volatile, which could reduce the demand for our common stock.
  • Our largest stockholders control a significant percentage of our common stock and are represented on our board of directors, which may enable such stockholders, alone or together with our other significant stockholders, to exert influence over corporate transactions and other matters affecting the rights of our stockholders.
  • We may be deemed a former shell company and therefore resales of shares of our restricted common stock in reliance on Rule 144 may be subject to additional requirements and Rule 144 may be unavailable at all if we fail to comply with our reporting obligations.
  • While we audit our licensees from time to time in the ordinary course, we otherwise rely on the accuracy of our licensees’ retail sales reports for reporting and collecting our revenues, and if these reports are untimely or incorrect, our revenue could be delayed or inaccurately reported.
  • We do not foresee paying dividends in the foreseeable future.
  • We have a significant amount of intangible assets, including our trademarks, recorded on our consolidated balance sheet. As a result of changes in market conditions and declines in the estimated fair value of these assets, we have been required to write-down all of our goodwill and a portion of our other intangible assets and may be required to record impairments of our intangible assets in the future which could adversely affect our results of operations.
  • Our use of certain tax attributes may be limited.
  • We may be a party to litigation in the normal course of business, which could affect our financial position and liquidity.
  • Our business, financial condition and results of operations could suffer in the event of security breaches, cyber-attacks or unauthorized disclosures of personal information.
  • If we are unable to identify and successfully acquire additional brands or to finance the acquisition of such brands, our rate of growth may be reduced and, even if additional trademarks are acquired, we may not realize anticipated benefits due to integration or licensing difficulties.
  • We may not realize all of the anticipated benefits of our acquisitions or those benefits may take longer to realize than expected.
  • The failure to successfully integrate new businesses and operations as a result of acquisitions may adversely affect our future results.
  • Our success depends in part on the continued success of our celebrity based brand and the reputation and popularity of the celebrity. Any adverse reactions to publicity relating to the celebrity, or the loss of its services, could adversely affect our revenues and results of operations as well as our ability to maintain or generate a consumer base.
  • We may require additional capital to finance the acquisition of additional brands, and our inability to raise such capital on beneficial terms or at all could limit our growth.
  • We expect to incur transaction costs in connection with our acquisitions.
Management Discussion
  • Item 7.  Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • We own a portfolio of consumer brands in the active and lifestyle categories, including Jessica Simpson, AND1, Avia, Joe’s and GAIAM. We aim to maximize the value of our brands by promoting, marketing and licensing the brands through various distribution channels, including to retailers, wholesalers and distributors in the United States and in certain international territories. Our core strategy is to enhance and monetize the global reach of our existing brands, and to pursue additional strategic acquisitions to grow the scope of and diversify our portfolio of brands.
  • We aim to acquire well-known consumer brands with high potential for growth and strong brand awareness. We additionally seek to diversify our portfolio by evaluating the strength of targeted brands and the expected viability and sustainability of future royalty streams. Upon the acquisition of a brand, we partner with leading wholesalers and retailers
Content analysis
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