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NEW YORK - NexCen Brands Inc., a brand acquisition and management company, said Friday its fourth-quarter loss widened, hurt by one-time expenses.
| NEXC | 0.41 |  -0.06 |
Loss for the quarter totaled $3.8 million, or 7 cents per share. Excluding one-time items, net income was $330,000, or break-even per share. One-time items include depreciation and amortization, stock-based compensation and a provision for deferred taxes.
Revenue rose to $10.3 million from $1.9 million last year.
For the year, net loss widened to $4.6 million, or 9 cents per share, from a loss of $2.1 million, or 4 cents per share last year.
Revenue jumped to $34.4 million from $1.9 million last year.
The company reiterated 2008 earnings guidance of 27 cents to 30 cents per share.
NexCen Brands owns, licenses, franchises and markets brands including The Athlete's Foot, Bill Blass, Great American Cookies and others.
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