On Thursday, Following Stocks were among the “Top 100 Losers” of U.S. Stock Market: Molycorp, Inc. (NYSE:MCP), Cumulus Media Inc. (NASDAQ:CMLS), RMG Networks Holding Corporation (NASDAQ:RMGN), Vince Holding Corp (NYSE:VNCE)
Molycorp Inc (NYSE:MCP), with shares declined -23.99%, closed at $0.365.
Cumulus Media Inc (NASDAQ:CMLS), with shares dropped -17.63 %, settled at $2.43
RMG Networks Holding Corporation (NASDAQ:RMGN), with shares dipped -17.51 %, and closed at $1.46
Vince Holding Corp (NYSE:VNCE), plummeted -16.36 %, and closed at $17.89.
Latest NEWS regarding these Stocks are depicted underneath:
Molycorp, Inc. (NYSE:MCP)
On March 16, Molycorp, Inc. (MCP), stated merged net proceeds of $116.2 million, a 6% decrease over the third quarter of 2014. The decrease in proceeds was largely driven by a shifting product mix, lower sales volumes from all segments, except for Rare Metals’, and softened pricing for rare earths.
During the fourth quarter, the Corporation sold 3,149 mt of product at an ASP of $36.91 per kilogram, and generated a gross loss of $44.8 million. This compares to sales volumes of 3,356 mt at an ASP of $36.93 per kilogram and a gross loss of $15.1 million during the third quarter of 2014. The Corporation produced 691 mt and 1,328 mt of rare earth oxides at its Mountain Pass facility during the third and fourth quarters of 2014, respectively. Actual production was lower than predictable as a result of production interruptions while the Corporation continues to optimize operations, and this lower than predictable production has continued through the first two months of 2015.
Molycorp stated a loss attributable to ordinary stockholders of $329.8 million, or $1.43 per share. Adjusted loss per share of $0.39 in the fourth quarter of 2014 does not reflect impairment charges for goodwill and other intangible assets, out-of-ordinary business expenses, and certain other non-cash items.
The Corporation stated negative cash flows from operating activities of $75.8 million during the fourth quarter, and had $211.7 million in cash and cash equivalents as of December 31, 2014.
During the three months ended December 31, 2014, Molycorp’s capital expenditures were $23.3 million on a cash basis.
FULL YEAR 2014 RESULTS:
The Corporation stated merged net proceeds of $475.6 million, a 14% decrease as contrast to the full year 2013. The decrease in proceeds was largely driven by softened rare earth pricing.
For the full year, the Corporation sold 13,019 mt of product at an ASP of $36.53 per kilogram, and generated a gross loss of $99.6 million. This compares to volume sales of 12,873 mt at an ASP of $43.07 per kilogram and a gross loss of $67.2 million for the full year 2013.
Molycorp stated a full year loss attributable to ordinary stockholders of $607.8 million, or $2.70 per share. Adjusted loss per share of $1.31 for the full year 2014 eliminates the effect of operational expansion items, out-of-ordinary business expenses, and certain other non-cash items.
The Corporation stated negative cash flows from operating activities of $222.2 million during the year. Capital expenditures for the Corporation on a cash basis for the full year were $86.2 million. For the full year ending December 31, 2015, the Corporation estimates that its capital expenditures will total about $60-$65 million.
Molycorp is the only advanced material manufacturer in the world that both controls a world-class rare earth resource and can produce high-purity, custom engineered rare earth products to meet increasingly demanding customer specifications. With production facilities on three continents, the Corporation produces a wide variety of specialized products from rare earth elements and five rare metals (Gallium, Indium, Rhenium, Tantalum and Niobium).
Cumulus Media Inc. (NASDAQ:CMLS)
On Wednesday, Cumulus Media Inc. (CMLS), declared that media research, sales and marketing executive Pierre Bouvard has been designated to the newly created role of Chief Marketing Officer. In his new post, Bouvard will lead the marketing strategy for the media and entertainment corporation, counting both its local and national brands. Bouvard will develop targeting applications for advertisers and agencies to reach their ideal audience across Cumulus’ and Westwood One’s 193 million weekly listener footprint. Brand lift and sales measurement will measure influence and optimize future campaigns. He will assume his new role at Cumulus effective March 18, 2015, and will report to Lew Dickey, President and Chief Executive Officer of Cumulus. He will be based in New York City.
Dickey said: “Pierre is one of the radio industry’s most effective advocates. He understands the power of our great medium and is uniquely positioned to leverage audience insights to assist advertisers take full advantage of our platform to deliver national scale with local activation. Incremental data beyond ratings is rapidly becoming the most important component in advertising decisions, and we are excited to have Pierre leading our effort to assist our clients achieve a superior return on investment.”
Bouvard said: “Cumulus is America’s fastest growing major radio group. Over the last ten years, their national proceeds have grown tenfold from $50 Million to $500 Million. They have transformed themselves into a major market, cross-media national platform through the merger of Westwood One and Cumulus Radio Networks, the launch of the NASH country music lifestyle brand, and the Rdio online radio partnership. Radio is the soundtrack for the American worker and ‘king of the road’. Cumulus has impressive solutions for advertisers and agencies to reach the right audience and accomplish their brand and sales objectives.”
Bouvard holds a B.S. degree in Communications from Northwestern University. In 2007, he was named by MediaWeek Magazine as one of the 50 most indispensable executives shaping the future of media. He has served on the boards of Adify Inc. and TRA and is presently on the boards of the IRTS, a leading media charity in New York City, and the Library of American Broadcasting.
Cumulus Media Inc. (CMLS) combines high-quality local programming with iconic, nationally syndicated media, sports and entertainment brands in order to deliver premium choices for listeners, provide substantial reach for advertisers and create opportunities for shareholders.
RMG Networks Holding Corporation (NASDAQ:RMGN)
On Thursday, RMG Networks Holding Corporation (RMGN), a leading provider of technology-driven visual communications solutions, declared it has reached discussions with certain unassociated third parties regarding the projected sale of its Media business, also known as the RMG Airline Media Network. The contemplated sale does not comprise the RMG Office Media Network.
As a result of these discussions, RMG Networks has signed a non-binding letter of intent to sell its RMG Airline Media Network business for $5.5 million, plus the assumption of certain liabilities to an unassociated third party. The parties are in the process of negotiating a definitive contract.
RMG Networks Holding Corporation provides enterprise-class digital signage solutions and media applications. It offers a suite of products, counting media services, proprietary software, software-embedded hardware, maintenance and support service.
Vince Holding Corp (NYSE:VNCE)
On Thursday, Vince Holding Corp (VNCE), a leading contemporary fashion brand, stated unaudited results for its fourth quarter and fiscal year 2014 ended January 31, 2015.
Vince accomplished an initial public offering (“IPO”) of its ordinary stock on November 27, 2013. Preceding to the IPO and the related restructuring transactions, Vince Holding Corp., formerly known as Apparel Holding Corp. and Kellwood Holding Corp., was a diversified apparel corporation operating a broad portfolio of fashion brands, which comprised of Vince. As a result of the IPO and the related restructuring transactions, the non-Vince businesses were separated from the Vince business on November 27, 2013, and the Vince business became the sole operating business of Vince Holding Corp. On July 1, 2014, certain stockholders of the Corporation, counting associates of Sun Capital Partners, Inc. (collectively, the “Sun Capital Entities”), accomplished a secondary public offering of the Corporation’s ordinary stock (the “Secondary Offering”), which reduced the Sun Capital Entities’ ownership of the Corporation’s ordinary stock from 68.0% to 54.6%.
For the fourth quarter ended January 31, 2015:
Net sales raised 7.9% to $94.7 million from $87.8 million in the fourth quarter of fiscal 2013. The wholesale segment declined 0.6% to $68.9 million and the direct-to-consumer segment raised 39.7% to $25.8 million over the fourth quarter of fiscal 2013. Comparable store sales raised 8.7% over the fourth quarter of fiscal 2013. Counting ecommerce sales, comparable sales raised 15.5%.
Gross profit raised 14.0% to $45.8 million from $40.1 million in the fourth quarter of fiscal 2013. Gross profit as a percentage of net sales raised 260 basis points to 48.3% from 45.7% in fiscal 2013.
Selling, general, and administrative expenses were $25.5 million or 26.9% of sales contrast to $25.2 million or 28.7% of sales in the fourth quarter of fiscal 2013, counting public corporation transition costs. Adjusted selling, general, and administrative expenses as a percent of sales were 25.8% in the fourth quarter of fiscal 2013.
Operating revenue raised 35.8% to $20.3 million or 21.4% of sales contrast to $14.9 million or 17.0% of sales for the fourth quarter of fiscal 2013. Contrast to adjusted operating revenue in fiscal 2013 of $17.5 million, operating revenue raised 15.9%. Adjusted operating revenue as a percent of sales in the fourth quarter of fiscal 2013 was 19.9%.
Net revenue raised to $10.5 million, or 11.1% of sales, contrast to $0.6 million for the fourth quarter of fiscal 2013, counting public corporation transition costs and results of the non-Vince businesses that were separated on November 27, 2013. Contrast to adjusted net revenue in fiscal 2013 of $8.7 million, or 9.9% of sales, net revenue raised 20.6%.
Diluted earnings per share for the fourth quarter of fiscal 2014 was $0.28 contrast to diluted earnings per share for the fourth quarter of fiscal 2013 of $0.02. Diluted earnings per share raised 21.7% contrast to the adjusted diluted earnings per share of $0.23 earned in the fourth quarter of fiscal 2013.
VINCE is a leading contemporary fashion brand best known for effortless style and timeless sophistication with a focus on clean, modern silhouettes and luxe details. Established in 2002, the brand now offers a wide range of women’s, men’s and children’s apparel, women’s and men’s footwear, and handbags.
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