Net loss narrowed to $4,460,000 in the final quarter from a loss of $10,779,000 last year helped by $3.7 million in SG&A savings, but licensing revenues were down 5% to $22,962,000 from $24,245,000. SQBG blamed the revenue shortfall on pandemic-caused store closures and depressed retail traffic levels. Adjusted EBITDA from continuing operations, which excludes the massive interest expense and many other items, was $13,151,000 in 2020 against $8,035,000. SQBG had delayed reporting its results due to down-to-the-wire negotiations to extend its credit agreement and needed covenant waivers, but the latest forbearance expires on Apr. 19 so it’s not out of ... Log in to view full article.