Sequential Brands Group, the company that acquired Heelys a few weeks ago, reported a net loss attributable to common stockholders of $7.35 million for the fourth quarter ended Dec. 31, 2012, bigger than the $3.4 million loss it had in the same quarter the previous year. Licensing and other revenues amounted to $1.83 million, up from $0.4 million in the same quarter of the preceding year. The American company owns or licenses a portfolio of brands that includes Heelys, DVA Action Sports, William Rast and People's Liberation. Heelys' results are not included as it completed its acquisition in January 2013. The group underwent some major transformations during the year 2012 including the closure of its wholesale and retail operations and the re-launch of the company under a new name, Sequential Brands Group, with a new business model. Excluding extraordinary items, the company had an adjusted net loss of $0.9 million in the quarter, against net income of $0.4 million in the year-ago quarter. It incurred an operating loss of $6.1 million, versus operating income of $0.4 million a year ago. For the full year ended Dec. 31, the group posted net revenues from continuing operations of $5.3 million, up from $0.5 million in the previous year. The net loss for the full year was of $9.1 million, versus $2.3 million in 2011. Operating losses of $6.5 million compared with income from operations of $375,000 a year ago.

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