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ALJJ - ALJ Regional Holdings Inc News Story

$1.11 -0.0  -0.9%

Last Trade - 6:42pm

Sector
Industrials
Size
Micro Cap
Market Cap £36.8m
Enterprise Value £115.5m
Revenue £278.8m
Position in Universe 4731st / 6422

BRIEF-ALJ Regional Holdings Announces Acquisition Of Realtime Digital Innovations

Thu 1st August, 2019 2:34am
July 31 (Reuters) - ALJ Regional Holdings Inc  ALJJ.O :
    * ALJ REGIONAL HOLDINGS, INC. ANNOUNCES ACQUISITION OF
REALTIME
DIGITAL INNOVATIONS, LLC, AMENDMENT TO TERM LOAN AND CREDIT
FACILITY, FULL-TIME COMMITMENT OF CHAIRMAN OF THE BOARD AND
CHIEF EXECUTIVE OFFICER AND PRELIMINARY THIRD QUARTER 2019
FINANCIAL RESU
    * ALJ LOWERED ITS GUIDANCE FOR FISCAL 2019
    * ENTERED INTO AN AMENDED FINANCING AGREEMENT WITH CERBERUS
BUSINESS FINANCE, LLC
    * JESS RAVICH, CHAIRMAN OF THE BOARD, WILL DEVOTE HIS FULL
TIME TO
THE MANAGEMENT OF ALJ AS ITS CHIEF EXECUTIVE OFFICER
    * AGGREGATE CONSIDERATION FOR ACQUISITION PAID AT CLOSING
WAS $2.5
MILLION
    * EXECUTIVE CHAIRMAN, JESS RAVICH, WOULD STEP DOWN FROM SUCH
ROLE
    * NET LOSS FOR FULL FISCAL YEAR ENDED SEPTEMBER 30, 2019 IS
FORECASTED TO BE $7.4 MILLION
    * ALJ REGIONAL HOLDINGS -SEES FY 2019 SALES OF ABOUT $353.2
MILLION VERSUS $369.8 MILLION IN PRIOR YEAR COMPARATIVE PERIOD,
A DECREASE OF $16.6 MILLION, OR 4.5%
    * ALJ REGIONAL HOLDINGS- SEES ADJUSTED EBITDA FOR FY 2019 TO
BE
$31.0 MILLION VERSUS $33.1 MILLION IN THE PRIOR YEAR COMPARATIVE
PERIOD

Source text for Eikon:  ID:nPn2k5yHSa 
Further company coverage:  ALJJ.O 

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