The Hi-Tec licensor swung to a $1,147,000 loss in the fiscal fourth quarter ended Feb. 1 from a $192,000 profit, as licensing revenues contracted 10% to $5,492,000 from $6,127,000. Both Hi-Tec and Magnum royalties declined internationally, and sales were also hurt by the non-renewal of the Tony Hawk license in Canada. The bottom line was pulled down by a $4.1 million impairment charge, but benefitted from a $4.4 million tax benefit. Adjusted EBITA was $2,354,000 against ... Log in to view full article.