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GUE Liquidation Companies, Inc.

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FTD Companies, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Revises Earnings Guidance for the Full Year of 2019; Reports Impairment of Assets for the Fourth Quarter Ended December 31, 2018

March 14, 2019 at 07:00 am

FTD Companies, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported total revenue of USD 247,532,000 against USD 278,085,000 a year ago. Operating loss was USD 64,644,000 against USD 187,673,000 a year ago. Net loss was USD 68,838,000 against USD 153,461,000 a year ago. Basic loss per unit was 2.44 cents against 5.57 cents a year ago.

For the year, the company reported total revenue of USD 1,014,244,000 against USD 1,084,028,000 a year ago. Operating loss was USD 224,631,000 against USD 268,729,000 a year ago. Net loss was USD 224,729,000 against USD 234,041,000 a year ago. Basic loss per unit was 8.03 cents against 8.52 cents a year ago.

For the fourth quarter, the company reported impairment of goodwill, intangible assets, and other long-lived assets of USD 67,077,000 against USD 194,607,000 a year ago.

For the full year 2019, the company expects consolidated revenues of USD 960 million to USD 1.00 billion compared to prior expectations of USD 1.03 billion to USD 1.06 billion.

Latest news about GUE Liquidation Companies, Inc.

FTD Companies, Inc. has Changed its Name to GUE Liquidation Companies, Inc	19-12-30	CI
GUE Liquidation Companies, Inc. Went Out of Business	19-12-29	CI
First Amended Joint Liquidation Plan Approved for GUE Liquidation Companies, Inc.	19-12-19	CI
Second Motion for Exclusivity Period Extension Approved For FTD Companies, Inc.	19-12-15	CI
Disclosure Statement Approved for FTD Companies, Inc.	19-10-28	CI
Motion for Exclusivity Period Extension Approved For FTD Companies, Inc.	19-10-22	CI
First Amended Joint Liquidation Plan and Disclosure Statement Filed by FTD Companies, Inc.	19-10-20	CI
First Motion for Exclusivity Period Extension Filed by FTD Companies, Inc.	19-09-30	CI
Joint Liquidation Plan and Disclosure Statement Filed by FTD Companies, Inc.	19-09-18	CI
Motion for De Minimis Asset Sale Approved for FTD Companies, Inc.	19-08-28	CI
FTD Companies, Inc. Announces Management Changes	19-08-20	CI
Motion for Asset Sale Filed by FTD Companies, Inc.	19-08-09	CI
Motion for Asset Sale Approved for FTD Companies, Inc.	19-08-09	CI
PlanetArt completed the acquisition of Provide Creations, Inc from FTD Companies, Inc. (OTCPK:FTDC.Q).	19-08-01	CI
Notice of Auction Results Filed by FTD Companies, Inc.	19-08-01	CI
Notice of Auction Results Filed by FTD Companies, Inc.	19-08-01	CI
Motion for Asset Sale Approved for FTD Companies, Inc.	19-08-01	CI
Notice for Auction Cancellation Filed by FTD Companies, Inc.	19-07-19	CI
Final DIP Financing Approved for FTD Companies, Inc.	19-07-02	CI
Stalking Horse Bid Agreement Approved for FTD Companies, Inc.	19-07-02	CI
Stalking Horse Bid Agreement Approved for FTD Companies, Inc.	19-07-02	CI
Stalking Horse Bid Agreement Approved for FTD Companies, Inc.	19-07-02	CI
Bidding Procedure Approved for FTD Companies, Inc.	19-07-02	CI
Bidding Procedure Approved for FTD Companies, Inc.	19-06-25	CI
Nantahala Capital Provides Information to Shareholders of GUE Liquidation	19-06-17	CI

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Company Profile

GUE Liquidation Companies, Inc., formerly FTD Companies, Inc. (FTD), is a floral and gifting company. The Company operates through Consumer, Florist and Provide Commerce segments. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada. Through its Provide Commerce segment, FTD is a direct marketer of floral and gift products, including specialty foods, personalized gifts and other gifting products for consumers, primarily in the United States.

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