Sequential posts Q2 net loss of 3.3 million dollars

Sequential Brands Group, Inc. said total revenue from continuing operations for the second quarter ended June 30, 2019 was 26.4 million dollars compared to 33.1 million dollars in the prior year quarter. On a GAAP basis, net loss from continuing operations was 3.3 million dollars or 5 cents per diluted share compared to net income of 2.2 million dollars or 3 cents per diluted share. Non-GAAP net loss from continuing operations was 2.6 million dollars or 4 cents per diluted share, compared to non-GAAP net income of 4.5 million dollars or 7 cents per diluted share, in the second quarter 2018.