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Article Date: September 2018
Word Count: 136

Cherokee Loss Expands in Restructuring Quarter

Hi-Tec royalty revenues improved in the second quarter ended Aug. 4 quarter, but the net loss nearly doubled to $9,053,000 in from a loss of $4,623,000 last year on $5.6 million of restructuring charges and a $3.2 million charge for the transition to a new credit facility from Gordon Brothers. Excluding one-time items, adjusted EBITDA increased 97% to $3.1 million, helped by a 36% reduction in SG&A expenses ... Log in to view full article.


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