On Thursday, Shares of Iconix Brand Group, Inc. (NASDAQ:ICON), dropped -3.77% to $26.31.
Iconix Brand Group, declared financial results for the first quarter ended March 31, 2015.
Licensing revenue for the first quarter of 2015 was about $95.4 million, a 15% decrease as contrast to about $112.2 million in the first quarter of 2014. After not taking into account $17.1 million of revenue recorded in the first quarter of 2014 related to the 5-year renewal of the Peanuts specials with ABC, licensing revenue in the first quarter of 2015 was about flat to the preceding year quarter. Other revenue was $0 in the first quarter of 2015 as contrast to $4.0 million of other revenue recorded in the first quarter of 2014 for the Lee Cooper transaction. EBITDA attributable to Iconix for the first quarter of 2015 was about $52.4 million, a 25% decrease as contrast to $69.8 million in the preceding year quarter. On a non-GAAP basis, net income attributable to Iconix was $26.7 million, a 32% decrease as contrast to the preceding year quarter of about $39.3 million. Non-GAAP diluted EPS for the first quarter of 2015 was $0.54, a 27% decrease as contrast to $0.74 in the preceding year quarter. GAAP net income attributable to Iconix for the first quarter of 2015 was about $62.8 million, a 5% enhance as contrast to $59.8 million in the preceding year quarter, and GAAP diluted EPS for the first quarter of 2015 raised about 17% to $1.21 contrast to $1.03 in the preceding year quarter. Free cash flow attributable to Iconix for the first quarter of 2015 was about $30.1 million, a 39% decrease as contrast to the preceding year quarter of about $49.4 million.
In the first quarter of 2015, the Company attained the remaining 50% of its Iconix China joint venture and, as a result, recognized a $47.4 million pre-tax non-cash gain related to the re-measurement of its initial investment. Similarly, in the first quarter of 2014, the Company attained the remaining 50% of its Latin America joint venture and, as a result, recognized a $37.9 million pre-tax non-cash gain. Both of these gains are excluded from the Company’s non-GAAP metrics.
In addition, in the first quarter of 2015, the Company recognized a $10.5 million pre-tax foreign currency translation gain. This gain is excluded from the Company’s non-GAAP metrics.
Iconix Brand Group, Inc., a brand administration company, owns, licenses, and markets a portfolio of consumer brands across women’s, men’s, entertainment, and home primarily in the United States and internationally.
Shares of Novavax, Inc. (NASDAQ:NVAX), declined -3.68% to $7.73, during its last trading session.
Novavax, declared it will report its first quarter 2015 financial and operating results after the close of U.S. financial markets on Thursday, May 7, 2015.
In addition, administration will host a conference call to talk about the quarterly results and provide an update on corporate activities.
Conference call details are as follows:
Date: May 7, 2015,
Time: 4:30 pm US Eastern Time
Dial-in number: (877) 212-6076 (Domestic) or (707) 287-9331 (International).
Novavax, Inc., a clinical-stage vaccine company, focuses on discovering, developing, and commercializing recombinant nanoparticle vaccines and adjuvants. The company produces its vaccines using its proprietary recombinant nanoparticle vaccine technology.
At the end of Thursday’s trade, Shares of Capital Product Partners L.P. (NASDAQ:CPLP), dwindled -3.71% to $9.09.
Capital Product Partners, released its financial results for the first quarter ended March 31, 2015.
The Partnership’s net income for the quarter ended March 31, 2015, was $12.2 million. After taking into account the preferred interest in net income attributable to the unit holders of the 13,023,737 Class B Convertible Preferred Units outstanding as of March 31, 2015 (the “Class B Units” and the “Class B Unit holders”), the result for the quarter ended March 31, 2015, was $0.09 net income per limited partnership unit, which is $0.01 lower than the $0.10 net income per unit from the previous quarter ended December 31, 2014 and $0.01 higher than the $0.08 net income per unit in the first quarter of 2014.
Operating surplus for the quarter ended March 31, 2015 was $29.9 million, which is $2.2 million lower than the $32.1 million from the fourth quarter of 2014 and $1.3 million lower than the $31.2 million of the first quarter of 2014. The operating surplus adjusted for the payment of distributions to the Class B Unitholders was $27.1 million for the quarter ended March 31, 2015. Operating surplus is a non-GAAP financial measure used by certain investors to measure the financial performance of the Partnership and other master limited partnerships. Please refer to the section “Appendix A” at the end of the press release, for a reconciliation of this non-GAAP measure to net income.
Revenues for the first quarter of 2015 were $48.9 million, contrast to $47.4 million in the first quarter of 2014; the enhance is mainly a result of the improving employment day rates for certain of the Partnership’s vessels and $0.7 million in profit share earned on M/T ‘Amoureux’, M/T ‘Apostolos’ and M/T ‘Anemos’.
Total expenses for the first quarter of 2015 were $33.1 million contrast to $31.6 million in the first quarter of 2014. The enhance reflects primarily expenses related to the drydocking of the M/T ‘Axios’ and M/T ‘Assos’ in anticipation of their new employment. The vessel operating expenses for the first quarter of 2015 amounted to $15.8 million for the commercial and technical administration of our fleet under the terms of our administration agreements, contrast to $14.8 million in the first quarter of 2014. The total expenses for the first quarter of 2015 also comprise $14.4 million in depreciation and amortization, in line with the first quarter of 2014. General and administrative expenses for the first quarter of 2015 amounted to $1.8 million contrast to $1.3 million in the first quarter of 2014.
Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. It transports a range of cargoes, counting crude oil; refined oil products, such as gasoline, diesel, fuel oil and jet fuel, and edible oils; chemicals comprising ethanol; and dry cargo and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters.
Finally, Government Properties Income Trust (NYSE:GOV), ended its last trade with -3.70% loss, and closed at $20.84, hitting its lowest level.
Government Properties Income, declared its financial results for the quarter ended March 31, 2015.
Results for the Quarter Ended March 31, 2015:
Normalized funds from operations, or Normalized FFO, for the quarter ended March 31, 2015 were $40.8 million, or $0.58 per basic and diluted share, contrast to Normalized FFO for the quarter ended March 31, 2014 of $28.8 million, or $0.53 per basic and diluted share. The enhance in Normalized FFO per share this quarter was primarily the result of GOV’s 2014 property acquisitions and its investment in Select Income REIT (SIR).
Net loss was $33.4 million, or $0.47 per basic and diluted share, for the quarter ended March 31, 2015, contrast to net income of $15.2 million, or $0.28 per basic and diluted share, for the quarter ended March 31, 2014. The net loss for the quarter ended March 31, 2015 comprises a non-cash loss of $40.8 million, or $0.58 per basic and diluted share, regarding the issuance of shares by an equity investee. The weighted average number of basic and diluted common shares outstanding was 70.3 million for the quarter ended March 31, 2015, and 54.6 million and 54.7 million, respectively, for the quarter ended March 31, 2014.
Government Properties Income Trust is an equity real estate investment trust launched and managed by Reit Administration & Research LLC. The trust invests in the real estate markets of United States. It engages in investment, operation and maintenance of real estate assets.
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