Sequential Brands recorded a loss of $21.5 million for the first quarter ended March 31, largely due to one-off charges related to its acquisitions of Heelys, Ellen Tracy and Caribbean Joe, which compares to a $400,000 loss in the same period last year. Excluding costs related to the acquisitions and a number of other one-off expenses, the quarterly net loss was $1.4 million. Sequential's portfolio also includes the William Rast, People's Liberation and DVS brands. Total revenues from continuing operations jumped by 54 percent to around $1.6 million in the quarter. For the balance of the year, the U.S.-based group expects margins and profitability to improve, as acquisitions will start to impact revenues. Sequential's six brands are expected to generate around $25 million in royalty revenues from over 50 licensees on a 12-month basis. The company is optimistic about its opportunities to grow its portfolio both organically and through new brand acquisitions.