VERTICAL BRANDING, INC. (VBDG) [Rocket]

Overview

VERTICAL BRANDING, INC. (VBDG)

Add to portfolio

1m \| 3m \| 6m \| 1y \| 2y \| 5y \| 10y

Recent News + Filings (All items)

Date Filed	Type	Description
03/05/2010	8-K	Quarterly results
10/13/2009	8-K	Form 8-K - Current report
09/04/2009	4	Form 4 - Statement of changes in beneficial ownership of securities
08/12/2009	4	JEFFREY S. EDELL & ELAINE HASTINGS EDELL, AS TRUSTEES OF THE EDELL FAMILY TRUST DATED JUNE 1, 1991 (10% Owner) has filed a Form 4 on VERTICAL BRANDING, INC.
07/29/2009	4	JEFFREY S. EDELL & ELAINE HASTINGS EDELL, AS TRUSTEES OF THE EDELL FAMILY TRUST DATED JUNE 1, 1991 (10% Owner) has filed a Form 4 on VERTICAL BRANDING, INC.
07/29/2009	4	EDELL JEFFREY S (10% Owner) has filed a Form 4 on VERTICAL BRANDING, INC.
07/27/2009	4	Form 4 -- Statement of changes in beneficial ownership of securities

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-07	Dec-31-06	Dec-31-05	Feb-28-05	Dec-31-04	Feb-29-04	Dec-31-03	Feb-28-03
Revenues	36.3	23.1	8.1	1,776.9	20.5	619.1	53.2	1,037.0
Revenue growth	57.3%	185.3%	-60.6%	187.0%	-61.4%	-40.3%		37835.2%
Cost of goods sold	16.5	9.7	3.7	1,716.8	8.2	386.6	28.2	204.3
Gross profit	19.8	13.4	4.4	60.0	12.4	232.5	25.1	832.7
Gross margin	54.6%	58.0%	53.7%	3.4%	60.3%	37.6%	47.1%	80.3%
Selling, general and administrative
Sales and marketing	12.0	10.7	4.0		8.8		20.6
General and administrative	6.8	4.1	2.5	334.2	2.1	392.0	2.8	355.5
EBIT	-1.3	-2.0	-2.2	-278.4	1.5	-163.7	0.3	472.4
EBIT margin	-3.5%	-8.7%	-27.7%	-15.7%	7.5%	-26.4%	0.5%	45.6%
Pre-tax income	-2.4	-2.6	-2.5	-734.6	1.5	-494.1	0.3	997.8
Income taxes	1.0	0.1	0.0	-365.4	0.0	-243.9	0.0	461.0
Tax rate				49.7%	0.7%	49.4%	0.0%	46.2%
Earnings from continuing ops	-3.6	-2.9	-2.6	-369.2	1.5	-250.3	0.3	536.8
Earnings from discontinued ops	0.0	-0.1	0.0	-2,122.7		-1,182.8		428.3
Net income	-3.6	-3.0	-2.6	-2,491.9	1.5	-1,433.0	0.3	965.1
Net margin	-10.0%	-13.0%	-32.1%	-140.2%	7.4%	-231.5%	0.5%	93.1%

Diluted EPS	($0.15)	($0.16)	($0.23)	($0.21)	$0.14	($0.14)	$0.02	$0.30
Shares outstanding (diluted)	24.3	17.6	11.1	1,775.1	10.7	1,775.1	10.7	1,787.4

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.