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The company faced a challenging fourth quarter with a wider net loss driven by lower sales, reduced gross margins, and higher operating expenses.
Q4 revenue declined 6.7% year-over-year to $336.6 million.
Net loss widened to $51.9 million, more than double the prior year's Q4 loss.
Gross profit margin fell to 35.5%, impacted by a highly promotional environment.
Adjusted EBITDA loss expanded to $24.2 million from $8.8 million a year earlier.
Fiscal 2026 will focus on foundational transformation, aiming to become a customer-centric and data-driven company to support long-term growth.
Visualization of income flow from segment revenue to net income