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Cherokee Inc (CHKE.OQ)

CHKE.OQ on NASDAQ Stock Exchange Global Select Market

2.05USD
15 Dec 2017
Change (% chg)

$-0.10 (-4.65%)
Prev Close
$2.15
Open
$2.15
Day's High
$2.15
Day's Low
$2.05
Volume
4,790
Avg. Vol
32,329
52-wk High
$11.30
52-wk Low
$1.70

Latest Key Developments (Source: Significant Developments)

Cherokee Q3 Non-GAAP Loss Per Share $0.05
Wednesday, 6 Dec 2017 10:45am EST 

Dec 6 (Reuters) - Cherokee ::CHEROKEE GLOBAL BRANDS REPORTS THIRD QUARTER FISCAL 2018 FINANCIAL RESULTS.Q3 NON-GAAP LOSS PER SHARE $0.05.Q3 GAAP LOSS PER SHARE $0.18.Q3 REVENUE $11 MILLION.FISCAL 2018 ADJUSTED EBITDA EXPECTED TO BE IN RANGE OF $6 MILLION - $9 MILLION.FISCAL 2018 GROSS PROFIT EXPECTED TO BE IN RANGE OF $34 MILLION - $37 MILLION.SEES FISCAL 2019 GROSS PROFIT IN RANGE OF $34 MILLION - $39 MILLION .SEES ‍FISCAL 2019 ADJUSTED EBITDA IN RANGE OF $7 MILLION - $11 MILLION .  Full Article

Cherokee Global Brands reports Q3 non-gaap loss per share $0.05
Wednesday, 6 Dec 2017 08:00am EST 

Dec 6 (Reuters) - Cherokee Inc ::CHEROKEE GLOBAL BRANDS REPORTS THIRD QUARTER FISCAL 2018 FINANCIAL RESULTS.Q3 NON-GAAP LOSS PER SHARE $0.05.Q3 GAAP LOSS PER SHARE $0.18.Q3 REVENUE $11 MILLION.- FOR FISCAL 2018 ADJUSTED EBITDA IS EXPECTED TO BE IN RANGE OF $7-9 MILLION.- FOR FISCAL 2018 GROSS PROFIT IS EXPECTED TO BE IN RANGE OF $36-38 MILLION.SEES ‍ FISCAL 2019 GROSS PROFIT IS ANTICIPATED TO BE IN RANGE OF $33-$37 MILLION​.SEES ‍FISCAL 2019 ADJUSTED EBITDA IS ANTICIPATED TO BE IN RANGE OF $7-$9 MILLION​.  Full Article

Cherokee Global Brands amends credit facility with Cerberus
Monday, 13 Nov 2017 09:00am EST 

Nov 13 (Reuters) - Cherokee Inc :Cherokee Global Brands amends credit facility with Cerberus.Cherokee Inc - amendment to eliminate obligation to call equity commitments​.Cherokee Inc - ‍special meeting of stockholders that had been called for November 28, 2017 to approve such issuances is expected to be cancelled​.Cherokee Inc says ‍cherokee global brands announced amendment, subject to satisfaction of certain conditions, of its senior secured credit facility​.  Full Article

Cherokee says ‍Cerberus agreed will not exercise rights under Cerberus credit facility solely with respect to events of default through Nov 10
Monday, 30 Oct 2017 06:32am EDT 

Oct 30 (Reuters) - Cherokee Inc :Cherokee says ‍Cerberus agreed will not exercise rights under cerberus credit facility solely with respect to events of default through Nov 10 - SEC Filing.Cherokee Inc - ‍Is working with Cerberus to obtain waiver of events of default, amend terms of Cerberus credit facility during forbearance period​.  Full Article

Cherokee seeks waiver from ‍Cerberus on credit facility
Monday, 16 Oct 2017 06:40am EDT 

Oct 16 (Reuters) - Cherokee Inc :Cherokee says ‍Cerberus has agreed will not exercise rights under Cerberus credit facility solely with respect to events of default through Oct 27​.Cherokee says ‍is working with cerberus for waiver of events of default, amend Cerberus credit facility terms during forbearance period​ - SEC filing.  Full Article

Cherokee has agreed will not exercise rights under credit facility solely with respect to events of default through Oct 13
Friday, 29 Sep 2017 04:19pm EDT 

Sept 29 (Reuters) - Cherokee Inc :Cherokee - ‍Cerberus has agreed will not exercise rights under Cerberus credit facility solely with respect to events of default through Oct 13.Cherokee Inc - ‍Working with Cerberus for waiver of events of default, amend terms of cerberus credit facility during forbearance period - SEC Filing​.  Full Article

Cherokee Global Brands reports Q2 non-GAAP loss per share $0.05
Thursday, 7 Sep 2017 04:01pm EDT 

Sept 8 (Reuters) - Cherokee Inc :Cherokee Global Brands reports second quarter fiscal 2018 financial results.Q2 non-GAAP loss per share $0.05.Q2 GAAP loss per share $0.36.Q2 revenue $14 million.Cherokee Inc says now expects gross profit for full fiscal year to be in range of $39.0 - $41.0 million,.Cherokee Inc - ‍Adjusted EBITDA for full fiscal year is anticipated to be in range of $10.0 - $12.0 million​.  Full Article

Cherokee obtains further extension of forbearance from Cerberus Business
Monday, 7 Aug 2017 07:54am EDT 

Aug 7 (Reuters) - Cherokee Inc :Cherokee Inc says ‍ obtained a further extension of forbearance from Cerberus Business Finance, LLC through August 11, 2017 - SEC filing​.Cherokee - In discussions with Cerberus to obtain waiver of events of default, amendment of terms of Cerberus credit facility during forbearance period.  Full Article

Cherokee Global Brands Q1 non-GAAP loss per share $0.07
Thursday, 6 Jul 2017 04:05pm EDT 

July 6 (Reuters) - Cherokee Inc ::Cherokee Global Brands reports first quarter fiscal 2018 financial results.Q1 non-GAAP loss per share $0.07.Q1 GAAP loss per share $0.25.Q1 revenue $11.1 million versus i/b/e/s view $9.3 million.Q1 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Cherokee- on June 27, obtained forbearance from Cerberus regarding co's failure to comply with certain covenants set forth in Cerberus credit facility.Cherokee Inc - pursuant to forbearance, Cerberus agreed it will not exercise its rights or remedies under credit facility through july 7, 2017.Cherokee Inc - is in advanced discussions with Cerberus to amend credit facility, "but terms and timing are uncertain".Cherokee inc - company expects that an amendment of credit facility will be completed and that form 10-q will be filed in near term.  Full Article

Cherokee files for non-timely 10-Q - SEC filing
Friday, 9 Jun 2017 05:16pm EDT 

June 9 (Reuters) - Cherokee Inc :Files for non-timely 10-Q - SEC filing.  Full Article

BRIEF-Cherokee Global Brands reports Q3 non-gaap loss per share $0.05

* CHEROKEE GLOBAL BRANDS REPORTS THIRD QUARTER FISCAL 2018 FINANCIAL RESULTS