Summer Infant Says On May 31, Co Received Notice That Company Is Not In Compliance With NASDAQ Listing Rule 5550(b)(1)
$SUMR
Office Equipment/Supplies/Services
Capital Goods
-SEC Filing
-SEC Filing
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ATLANTA, June 22, 2022 (GLOBE NEWSWIRE) -- Kids2, a global company that designs holistic solutions to help early-stage parents and families, today announced the acquisition of Summer Infant, a leader in premium infant and juvenile products. Summer Infant®, which includes SwaddleMe®, joins the Kids2 Group umbrella of entities, including renowned brands Baby Einstein®, Ingenuity®, and Bright Starts®. "As we look toward the future and the changing landscape and needs of parents, we're excited to have the opportunity to grow with the addition of the Summer Infant brand to expand the holistic solutions we offer to families across the globe," said Ryan Gunnigle, CEO of Kids2. "Together, Kids2 a
WOONSOCKET, R.I., May 17, 2022 (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 fiscal first quarter ended April 2, 2022. Recent Highlights Net sales were $34.4 million in the first quarter versus $36.2 million in the prior-year period, as continuing supply chain issues impacted the Company's ability to meet demand in certain segmentsSUMR reported a net loss of $3.9 million, or $(1.81) per share, for the first quarter of 2022 compared with net income of $0.3 million, or $0.12 per share, in the prior-year period, largely reflecting elevated supply chain expense
WOONSOCKET, R.I., March 17, 2022 /PRNewswire-PRWeb/ -- Summer Infant, Inc., doing business as SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), a leader in premium infant and juvenile products, today announced that it and Kids2, Inc. ("Kids2"), a global company that designs solutions to help early-stage parents and families, have entered into a definitive merger agreement pursuant to which Kids2 will acquire all of the issued and outstanding common stock of the Company for cash. Under the terms of the agreement, the Company's stockholders will receive $12.00 in cash for each share of Company common stock that they own, implying a 41.2% premium to the closing price of the Company's
4 - Summer Infant, Inc. (0001314772) (Issuer)
4 - Summer Infant, Inc. (0001314772) (Issuer)
4 - Summer Infant, Inc. (0001314772) (Issuer)
-SEC Filing
Summer Infant Inc (NASDAQ:SUMR) reported a first-quarter FY22 sales decline of 5% year-on-year to $34.38 million, versus $36.20 million the previous year. The company attributed the revenue decline to ongoing supply chain disruptions, including some COVID-19 caused production delays. The gross profit decreased 31.8% Y/Y to $7.3 million and the profit margin contracted by 830 basis points to 21.1%. The operating loss for the quarter was $(3.5) million versus an operating income of $0.7 million last year. The company held $0.6 million in cash and equivalents as of April 2, 2022. Adjusted EBITDA was a $(1.1) million loss versus $2.1 million a year ago. Adjusted EBITDA margin was (3.1)% v
Summer Infant (NASDAQ:SUMR) reported quarterly losses of $(1.81) per share. This is a 1608.33 percent decrease over earnings of $0.12 per share from the same period last year. The company reported $34.38 million in sales this quarter. This is a 5.02 percent decrease over sales of $36.20 million the same period last year.
ATLANTA, June 22, 2022 (GLOBE NEWSWIRE) -- Kids2, a global company that designs holistic solutions to help early-stage parents and families, today announced the acquisition of Summer Infant, a leader in premium infant and juvenile products. Summer Infant®, which includes SwaddleMe®, joins the Kids2 Group umbrella of entities, including renowned brands Baby Einstein®, Ingenuity®, and Bright Starts®. "As we look toward the future and the changing landscape and needs of parents, we're excited to have the opportunity to grow with the addition of the Summer Infant brand to expand the holistic solutions we offer to families across the globe," said Ryan Gunnigle, CEO of Kids2. "Together, Kids2 a
WOONSOCKET, R.I., June 16, 2022 (GLOBE NEWSWIRE) -- Summer Infant, Inc., doing business as SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ:SUMR), today announced that its stockholders have voted at a special meeting to adopt the previously announced definitive merger agreement pursuant to which the Company will be acquired by Kids2, Inc. The final voting results for each proposal voted on at the special meeting will be set forth in a Form 8-K filed by the Company with the U.S. Securities and Exchange Commission. "We want to thank our stockholders for their support of our transaction with Kids2," said Stuart Noyes, the Company's CEO. "Their vote of confidence was pivotal to closing th
WOONSOCKET, R.I., May 17, 2022 (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 fiscal first quarter ended April 2, 2022. Recent Highlights Net sales were $34.4 million in the first quarter versus $36.2 million in the prior-year period, as continuing supply chain issues impacted the Company's ability to meet demand in certain segmentsSUMR reported a net loss of $3.9 million, or $(1.81) per share, for the first quarter of 2022 compared with net income of $0.3 million, or $0.12 per share, in the prior-year period, largely reflecting elevated supply chain expense
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