Rant Sports Parent Closes $3M Round Of VC KKR Withdraws IMG Bid Bornstein, Shapiro Advising Competing Bids For IMG CAA Out Of Hunt For IMG Disney Reports Higher Q4 Earnings Second Round Of Bids For IMG Were Due Thursday Adidas' Q3 Operating Profit, Sales Drop 21st Century Fox Revenues Exceed Forecasts SMI Sees Ticket Sales Decrease In Q3 Chime Communications Buys JMI For $76M
Published March 18, 1998
The Marquee Group announced financial results for the year ended December 31, 1997, its first complete year as a public company. For the year, revenues were $21.3M versus $2.9M for the previous year. Earnings before interest, taxes, depreciation and amortization and non-recurring charges were $0.5M compared to a loss of $1.9M in '96. For '97, the company posted a slight operating loss of $23,000 compared to a loss of $2M the previous year. The net loss for the year was $1.3M with a net loss per share of $0.15. This compares with the previous year's net loss of $2.4M and net loss per common share of $1.03 (Marquee Group)....In CO, Erika Gonzalez reported that retailers nationally posted $1.68B in sales of snow sports equipment from August '97 to January '97, a 3.7% drop from the same period last year, according to SnowSports Industries America. The group cited El Nino-related weather problems across the country as the reason for the decline (ROCKY MOUNTAIN NEWS, 3/17).