Summer Infant Inc (SUMR.OQ)

SUMR.OQ on NASDAQ Stock Exchange Capital Market

23 Mar 2018
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$-0.02 (-1.65%)
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Latest Key Developments (Source: Significant Developments)

Summer Infant Inc reports Q3 loss per share $0.07
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Summer Infant Inc :Summer Infant Inc reports third quarter results.Q3 loss per share $0.07.Q3 sales $43.1 million versus $48.6 million.Summer Infant Inc - ‍currently do not anticipate post-bankruptcy-filing receivables from Toys 'R' Us to be at risk in short term​.Summer Infant Inc - ‍inventory as of September 30, 2017 was $37.3 million compared with $36.1 million as of December 31, 2016​.Summer Infant Inc - ‍trade receivables at end of q3 were $31.2 million compared with $34.1 million as of December 31, 2016​.Summer Infant Inc - ‍revenue declined in quarter of approximately $2.3 million due to impact of Toys 'R' Us bankruptcy and related order delays​.  Full Article

Summer Infant enters into amended credit agreement
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Summer Infant Inc :Summer Infant enters into amended credit agreement.Summer Infant - ‍amended existing credit facility to provide near-term financial flexibility as result of bankruptcy filing by Toys "R" Us on Sept 18​.Summer Infant - ‍bankruptcy of Toys "R" Us negatively impacted net revenue of Summer Infant by approximately $2.3 million during Q3.Summer Infant Inc - ‍as part of amendment, Summer Infant's lenders waived any loan violations that may have occurred due to certain "overadvances".Summer Infant - ‍expects charge of about $2.1 million in Q3 as allowance for bad debt related to pre-bankruptcy petition accounts receivable from Toys "R" Us​.Summer Infant - ‍the "overadvances" were made after Toys "R" Us receivables were no longer deemed "eligible accounts" under credit facility's revolver base​.  Full Article

Summer Infant reports second quarter results
Wednesday, 3 Aug 2016 

Summer Infant Inc : Summer Infant reports second quarter results . Q2 sales $50.6 million versus I/B/E/S view $50.8 million . Q2 earnings per share $0.01 . Q2 earnings per share view $0.01 -- Thomson Reuters I/B/E/S .Qtrly adjusted earnings per diluted share (Non-GAAP) $0.05.  Full Article

Summer Infant names Mark Messner as chief executive officer
Wednesday, 29 Jun 2016 

Summer Infant Inc : Robert stebenne, Summer Infant's current president and CEO, will remain a member of company's board of directors .Summer infant names seasoned juvenile products leader Mark Messner as president and chief executive officer.  Full Article

BRIEF-Summer Infant Q4 Loss Per Share $0.09

* ‍ INVENTORY AS OF DEC30, 2017 WAS $34.0 MILLION VERSUS $36.1 MILLION AS OF DEC 31, 2016​ Source text for Eikon: Further company coverage: