Last $3.72 USD
Change Today +0.19 / 5.38%
Volume 2.0K
RLJE On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 12:56 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

rlj entertainment inc (RLJE) Snapshot

Open
$3.75
Previous Close
$3.53
Day High
$3.75
Day Low
$3.71
52 Week High
07/29/13 - $6.07
52 Week Low
05/23/14 - $3.32
Market Cap
51.1M
Average Volume 10 Days
11.5K
EPS TTM
$-2.84
Shares Outstanding
13.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RLJ ENTERTAINMENT INC (RLJE)

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rlj entertainment inc (RLJE) Details

RLJ Entertainment, Inc., an entertainment company, acquires content rights in British episodic mystery and drama, urban programming, and full-length motion pictures. It operates through three segments: Intellectual Property Licensing, Wholesale, and Direct-to-Consumer. The company secures rights to third-party programs; and develops, produces, and owns original drama television programming, as well as offers fitness programs through its Acacia brand. It has a program library of approximately 5,300 titles in genres, such as scripted television drama and mysteries, independent action thriller and horror feature films, urban/African-American, lifestyle/fitness, faith, and long-form documentaries under the Acorn, Image, One Village, Acacia, Athena, and Madacy brands. The company owns, produces, and exploits intellectual property rights in various formats, including DVD, Blu-ray, digital, cable and satellite broadcast, VOD, streaming video, downloading, and sublicensing. It distributes content through brick and mortar, digital, mobile, broadcast, and cable partners, as well as through proprietary e-commerce Websites, mail-order catalogs, and digitally streaming channels. The company also sells retail merchandise through its proprietary catalogs Acorn and Acacia. RLJ Entertainment, Inc. is based in Silver Spring, Maryland.

139 Employees
Last Reported Date: 03/19/14

rlj entertainment inc (RLJE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $472.8K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $215.5K
Compensation as of Fiscal Year 2013.

rlj entertainment inc (RLJE) Key Developments

RLJ Entertainment Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

RLJ Entertainment reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Revenues for the three months ended March 31, 2014 was $30.3 million, a decrease of $10.0 million compared to the three months ended March 31, 2013 of $40.3 million. The decline in revenue for the first quarter 2014 was primarily driven by a $7.6 million decrease in revenues in the company's IP Licensing segment. Net loss was $10 million or $0.81 basic and diluted loss per share against net loss of $3.6 million or $0.29 basic and diluted loss per share of prior year period. Adjusted EBITDA for the three months ended March 31, 2014 was a loss of $6.7 million compared to $3.7 million of earnings for the three months ended March 31, 2013. The decrease in Adjusted EBITDA of $10.5 million is attributable to: the timing of the release of Foyle's War franchise in the prior year versus the current year ($7.6 million), and the negative gross margin impact of approximately $3.1 million recognized during the current quarter on the close out of the terminated feature film output deal. Loss from operations was $6.4 million against $0.6 million of prior year period. Loss before provision for income taxes was $9.8 million against $3.1 million of prior year period.

RLJ Entertainment, Inc. Announces Auditor Changes

On April 4, 2014, RLJ Entertainment dismissed BDO USA, LLP as its registered public accounting firm, effective April 4, 2014. The company has engaged KPMG LLP as its registered public accounting firm, effective April 7, 2014. The decision to change registered public accounting firms was approved by the Audit Committee of the company's Board of Directors.

RLJ Entertainment Reports Unaudited Consolidated and Proforma Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2013

RLJ Entertainment reported unaudited consolidated and proforma earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, on consolidated basis, the company reported revenue of $57,497,000, compared to $59,529,000 for the last year. Loss from operations was $3,140,000, compared to income of $2,857,000 for the last year. Loss before provision for income taxes was $1,547,000, compared to income of $2,402,000 for the last year. Net loss applicable to common shareholders was $2,067,000, compared to income of $1,743,000 for the last year. This decline is mostly attributable to the increase in cost of sales of $3.9 million, which includes $1.6 million of non-cash impairment charges of content rights and inventories for the three months ended December 31, 2013 compared to $143,000 during the period of October 3, 2012 through December 31, 2012. For the year ended December 31, 2013, on consolidated basis, the company reported revenue of $164,830,000, compared to $57,830,000 for the period January 1, to October 2, 2012. Loss from operations was $23,615,000, compared to $5,314,000 for the period January 1, to October 2, 2012. Loss before provision for income taxes was $28,876,000, compared to $5,060,000 for the period January 1, to October 2, 2012. Net loss applicable to common shareholders was $31,077,000, compared to $5,306,000 for the period January 1, to October 2, 2012. This decline in earnings is mostly attributed to higher cost of sales and increased selling, general and administrative expenses with the inclusion of Image business for the whole year of 2013 versus less than three months in 2012. For the quarter, on proforma basis, the company reported revenue of $57,497,000, compared to $59,883,000 for the last year. Loss from operations was $3,140,000, compared to $4,437,000 for the last year. Net loss was $2,067,000, compared to $8,580,000 for the last year. Adjusted EBITDA was $12,477,000, compared to $2,637,000 for the last year. The increase in Adjusted EBITDA for the three months ended December 31, 2013, is primarily attributable to improved invested content capital and lower cost of goods sold excluding fair value amortization and impairments. For the year ended December 31, 2013, on proforma basis, the company reported revenue of $164,830,000, compared to $181,044,000 for the last year. Loss from operations was $23,615,000, compared to $14,443,000 for the last year. Net loss was $31,077,000, compared to $20,679,000 for the last year. Adjusted EBITDA was $13,656,000, compared to $9,140,000 for the last year. The increase in Adjusted EBITDA for the twelve months ended December 31, 2013, primarily relates to (i) more effective investment of content during the year and (ii) SG&A cost reduction and post integration cost containment. For the quarter, the company reported $1.6 million of non-cash impairment charges of content rights and inventories for the three months ended December 31, 2013 compared to $143,000 during the period of October 3, 2012 through December 31, 2012.

 

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