“We believe this new license agreement complements our other licensed product offerings, which include swimwear, sexy Halloween costumes, jewelry and accessories. We are continuing to seek both domestic and international licensing partners capable of providing high quality products and a strong distribution network," concluded Mr. Lynch.
Non-GAAP Financial Measures
For purposes of evaluating our continuing operating performance, the Company uses an Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization measurement, which is computed as the net loss from continuing operations appearing on the statement of operations plus depreciation and amortization, interest, income tax expense and non-cash stock compensation expense.
Adjusted EBITDA from continuing operations is used by management to evaluate the operating performance of the Company's business for comparable periods. Adjusted EBITDA from continuing operations should not be used by investors or other third parties as the sole basis for formulating investment decisions as it excludes a number of important cash and non-cash recurring items.
While Adjusted EBITDA from continuing operations is a non-GAAP measurement, management believes that it is an important indicator of operating performance because:
• Adjusted EBITDA from continuing operations excludes the effects of financing and investing activities by eliminating the effects of interest and depreciation costs; and
• other significant items, while periodically affecting the Company's results, may vary significantly from period to period and have a disproportionate effect in a given period, which affects the comparability of results.
Frederick's of Hollywood Group Inc, through its subsidiaries, sells women's intimate apparel, swimwear and related products under its proprietary Frederick's of Hollywood brand through 126 specialty retail stores, a world-famous catalog and an online.
Frederick's of Hollywood Group Inc
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