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Cherokee Inc (CHKE.OQ)

CHKE.OQ on NASDAQ Stock Exchange Global Select Market

0.58USD
16 Nov 2018
Change (% chg)

$-0.01 (-1.61%)
Prev Close
$0.59
Open
$0.56
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$0.60
Day's Low
$0.55
Volume
7,576
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98,606
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$3.17
52-wk Low
$0.38

Latest Key Developments (Source: Significant Developments)

Cherokee Files For Mixed Shelf Of Up To $10 Mln
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Cherokee Inc ::CHEROKEE INC FILES FOR MIXED SHELF OF UP TO $10 MILLION - SEC FILING.CHEROKEE INC ALSO FILES FOR OFFERING OF 2.8 MILLION SHARES OF CO'S COMMON STOCK BY SELLING STOCKHOLDERS - SEC FILING.  Full Article

Jeffrey Bronchick Says Raises Stake In Cherokee Inc To 28.2 Pct As Of August 3 From Stake Of 22.1 Pct
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Jeffrey Bronchick: :JEFFREY BRONCHICK SAYS RAISES STAKE IN CHEROKEE INC TO 28.2 PERCENT AS OF AUGUST 3 FROM A STAKE OF 22.1 PERCENT AS OF FEBRUARY 2 - SEC FILING.  Full Article

Cherokee Global Brands Posts Q1 Loss Per Share $0.20
Thursday, 14 Jun 2018 

June 14 (Reuters) - Cherokee Inc ::CHEROKEE GLOBAL BRANDS REPORTS FIRST QUARTER FISCAL 2019 FINANCIAL RESULTS.Q1 LOSS PER SHARE $0.20.Q1 REVENUE $5.4 MILLION.SEES FY 2019 REVENUE $25 MILLION TO $27 MILLION.IS UPDATING ITS GUIDANCE FOR FISCAL YEAR ENDING FEBRUARY 2, 2019.CHEROKEE - SEES 2019 ADJUSTED EBITDA IS EXPECTED TO REMAIN IN RANGE OF $8.0 MILLION TO $10.0 MILLION.UNDERGOING ADDITIONAL RESTRUCTURING EFFORTS THAT WILL SUPPORT LONG-TERM HEALTH AND PROFITABILITY OF ORGANIZATION.RESTRUCTURING INCLUDES HEADCOUNT REDUCTIONS AND LOWER OPERATING EXPENSES.CONTINUES TO FACE LIQUIDITY CHALLENGES WITH RECURRING OPERATING LOSSES AND NEGATIVE CASH FLOWS.CHEROKEE - UNCERTAINTIES REGARDING ABILITY TO MEET COMMITMENTS TO LENDERS RAISE DOUBT AS TO ABILITY OF CO TO CONTINUE AS GOING CONCERN.CHEROKEE - PLANS TO ADDRESS ABILITY TO CONTINUE AS GOING CONCERN THROUGH FURTHER NEGOTIATIONS WITH LENDER & WITH OTHER POTENTIAL SOURCES OF CAPITAL.WILL FURTHER EVALUATE ITS ABILITY TO MEET ITS OBLIGATIONS AS THEY COME DUE OVER NEXT TWELVE MONTHS.  Full Article

Cherokee Reports Q4 Loss Per Share $3.26
Thursday, 19 Apr 2018 

April 19 (Reuters) - Cherokee Inc ::CHEROKEE GLOBAL BRANDS REPORTS FOURTH QUARTER AND FISCAL 2018 FINANCIAL RESULTS.Q4 LOSS PER SHARE $3.26.SEES FY 2019 REVENUE $29 MILLION TO $31 MILLION.FY 2019 ADJUSTED EBITDA EXPECTED TO RANGE FROM $8.0 MILLION - $10.0 MILLION.FY 2019 SG&A RUN RATE IS EXPECTED TO APPROXIMATE $21.0 MILLION.IN PROCESS OF NEGOTIATING WITH ITS LENDER TO AMEND ITS CREDIT AGREEMENT AND GIVE COMPANY INCREMENTAL LIQUIDITY.CHEROKEE- ANTICIPATES THAT IT WILL VIOLATE THE LIQUIDITY COVENANT IN ITS CREDIT AGREEMENT WITHIN THE NEXT TWELVE MONTHS.BASED ON COMPANY'S CURRENT FORECASTS, MANAGEMENT RAISES SUBSTANTIAL DOUBT ABOUT ABILITY OF CHEROKEE TO CONTINUE AS GOING CONCERN.  Full Article

Cherokee Global Brands Announces Resignation Of Jason Boling As CFO And Appointment Of Steven Brink
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Cherokee Inc ::CHEROKEE GLOBAL BRANDS ANNOUNCES RESIGNATION OF JASON BOLING AS CHIEF FINANCIAL OFFICER AND APPOINTMENT OF STEVEN BRINK.- ANNOUNCED RESIGNATION OF JASON BOLING AS CHIEF FINANCIAL OFFICER EFFECTIVE JANUARY 31, 2018, APPOINTMENT OF STEVEN BRINK.SAYS ‍APPOINTMENT OF STEVEN BRINK AS CHIEF FINANCIAL OFFICER OF CHEROKEE GLOBAL BRANDS WILL BE EFFECTIVE JANUARY 2, 2018​.  Full Article

Cherokee Q3 Non-GAAP Loss Per Share $0.05
Wednesday, 6 Dec 2017 

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 

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 

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 

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 

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