Evine Live (EVLV) Misses Q3 EPS by 3c; Sees Negative Q4 Revenue Growth
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Evine Live Inc. Reports Third Quarter 2016 Results
November 22, 2016 6:00 AM ESTMINNEAPOLIS, Nov. 22, 2016 (GLOBE NEWSWIRE) -- Evine Live Inc. (Evine) (NASDAQ: EVLV) today announced results for the third quarter ended October 29, 2016. The company posted quarterly net sales of $152 million, continuing its progress on the strategy of driving toward sustained profitability this fiscal year. Net loss for the quarter was $3.9 million, a 25% improvement year-over-year, with adjusted EBITDA of a positive $2.5 million, a 1,400% improvement year-over-year. Gross profit as a percentage of sales increased 210 basis points to 36.6% compared to 34.5% in the third quarter of last year.
Im pleased with our progress as we continue to improve... More
