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SUMR Brands Reports Fourth Quarter and Fiscal Year 2020 Results

Provided by
GlobeNewswire
Mar 16, 2021 8:15 PM UTC
Full Year Net Loss of $1.1 Million; Adjusted EBITDA of $12.2 Million, Up 72% over Fiscal 2019;
Debt Reduced by $17.7 Million, to $30.9 Million
WOONSOCKET, R.I., March 16, 2021 (GLOBE NEWSWIRE) SUMR Brands ( SUMR Brands or the Company ) (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fourth quarter and full year ended January 2, 2021.
Recent Highlights
Net sales were $36.0 million in the fourth quarter versus $42.7 million in the prior-year period and $155.3 million for fiscal 2020 versus $173.2 million in fiscal 2019, with the decline largely due to the impact of COVID-19 on the Company’s mid-tier and international business segments and ongoing supply chain constraints. The year-over-year decrease also reflects that, in the 2019 fourth quarter, the Company saw significant close-out sales which were absent in fi ....

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Technavio Research: Global Baby Monitors Market- Featuring Angelcare Monitor Inc., Arlo Technologies Inc., and Dorel Industries Inc. Among Others

Technavio Research: Global Baby Monitors Market- Featuring Angelcare Monitor Inc., Arlo Technologies Inc., and Dorel Industries Inc. Among Others
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210106005902/en/
Technavio has announced its latest market research report titled Global Baby Monitors Market 2020-2024 (Graphic: Business Wire)
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