a.k.a. Brands Q3 2021 Earnings Report
Key Takeaways
a.k.a. Brands Holding Corp. reported strong results for its first quarter as a public company, with net sales increasing by 155.4% to $161.8 million. The growth was fueled by the acquisition of Culture Kings and growth across its diversified portfolio of brands.
Net sales increased 155.4% to $161.8 million compared to Q3 2020.
Net loss attributable to a.k.a. Brands Holding Corp. was $(9.9) million, or $(0.11) per share.
Adjusted EBITDA was $18.5 million, or 11.5% of net sales.
Growth was delivered across all brands and regions, led by Princess Polly in the U.S.
a.k.a. Brands
a.k.a. Brands
a.k.a. Brands Revenue by Geographic Location
Forward Guidance
For the full year fiscal 2021, the Company expects net sales between $550 million and $560 million and Adjusted EBITDA of between $60 million and $62 million.
Positive Outlook
- Net sales between $550 million and $560 million.
- Adjusted EBITDA of between $60 million and $62 million.
- Weighted average diluted share count of 93.2 million for the full year.
- Weighted average diluted share count of 126 million for the fourth quarter.
- Capital expenditures of approximately $6 million.
Challenges Ahead
- Global supply chain challenges.
- Air freight prices remaining stable to slightly increasing sequentially through the remainder of 2021.
- Australia fully exiting its lockdown by the middle of the fourth quarter.
- Future stock-based compensation expense.
- Income taxes, interest expense, and transaction costs
Revenue & Expenses
Visualization of income flow from segment revenue to net income