Evine still a loser

Evine still a loser

Postby koimaster » April 13th 2019, 2:30pm

Evine Live Inc. Reports Fourth Quarter and Full Year 2018 Results and Announces Formal Review of Strategic Alternatives to Enhance Shareholder Value

03/27/2019
MINNEAPOLIS, March 27, 2019 (GLOBE NEWSWIRE) -- Evine Live Inc. (“Evine”) (NASDAQ: EVLV) today announced results for the fourth quarter and full year ended February 2, 2019. In addition, the Company announced it is reviewing strategic alternatives to enhance shareholder value.

Fiscal Year 2018 Fourth Quarter Financial Summary

Net sales of $157.6 million decreased 11.9% compared to the comparable 13-week period from last year.
Gross profit margin of 29.5% decreased 430 basis points year-over-year.
Net loss of $10.0 million, compared to net income of $6.4 million in the prior year.
Adjusted EBITDA of ($5.4) million, compared to $7.7 million in the prior year.
EPS of ($0.15) compared to $0.10 in the prior year.
Total liquidity of $36 million at year end, consisting of unrestricted cash of approximately $20 million and $16 million of availability on the Company’s revolving credit facility.
Inventory of $65 million decreased 5% compared to the end of fiscal 2017.
Net debt of $50.9 million, compared to $50.0 million at the end of fiscal 2017.
Fiscal Year 2018 Operating Highlights


http://investors.evine.com/news/news-de ... fault.aspx




Quarterly financials


USD) Feb 2019 Y/Y
Revenue 157.62M 18.21%
Net income -9.97M 255.04%
Diluted EPS -0.16 260%
Net profit margin -6.33% 289.52%

April 1 2015 the stock was worth $6.68 and now .47 cents

http://investors.evine.com/stock-inform ... fault.aspx
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Re: Evine still a loser

Postby TemerityB » April 13th 2019, 6:36pm

47 cents?!?

Dum de dum dum.
I bought a dive watch from them that literally had “dive” in the name. The instructions said not to dive with it - it was only meant to LOOK like a dive watch. It was also fast by more that a minute per day. Garbage. Never again. - IWG buyer on Reddit
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Re: Evine still a loser

Postby JAS1125 » April 14th 2019, 12:51pm

TemerityB wrote:47 cents?!?

Dum de dum dum.


I say we do another auction, buy a large block of stock at that basement price, become major shareholders and toss Lalo out


And then bring back the Merm
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Re: Evine still a loser

Postby artman » April 14th 2019, 1:12pm

$51 million net debt. I’ll pass. Hard to dig out of that hole.
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Re: Evine still a loser

Postby TemerityB » April 14th 2019, 3:59pm

artman wrote:$51 million net debt. I’ll pass. Hard to dig out of that hole.


Yep.

I'll be shocked to see Evine still on the FIOS dial come autumn.
I bought a dive watch from them that literally had “dive” in the name. The instructions said not to dive with it - it was only meant to LOOK like a dive watch. It was also fast by more that a minute per day. Garbage. Never again. - IWG buyer on Reddit
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Re: Evine still a loser

Postby kevco » April 15th 2019, 7:03am

JAS1125 wrote:
TemerityB wrote:47 cents?!?

Dum de dum dum.


I say we do another auction, buy a large block of stock at that basement price, become major shareholders and toss Lalo out


And then bring back the Merm



I'm hip.
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Re: Evine still a loser

Postby Falstaff » April 15th 2019, 7:13am

JAS1125 wrote:
TemerityB wrote:47 cents?!?

Dum de dum dum.


I say we do another auction, buy a large block of stock at that basement price, become major shareholders and toss Lalo out


And then bring back the Merm



I say we make the Merm an honorary Watchlord - no key to the liquor cabinet but maybe a certificate suitable for framing. Bound to be some entertainment value in there somwhere.
"See the Winter Boys drinking heavy water from a stone - Bye bye Empire, empire bye bye...."
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