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Last $0.72 USD
Change Today +0.023 / 3.30%
Volume 270.0
As of 5:19 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

phoenix footwear group inc (PXFG) Snapshot

Open
$0.72
Previous Close
$0.70
Day High
$0.72
Day Low
$0.72
52 Week High
02/26/15 - $1.05
52 Week Low
10/17/14 - $0.34
Market Cap
5.9M
Average Volume 10 Days
673.0
EPS TTM
$-0.01
Shares Outstanding
8.2M
EX-Date
10/2/01
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PHOENIX FOOTWEAR GROUP INC (PXFG)

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phoenix footwear group inc (PXFG) Details

Phoenix Footwear Group, Inc. designs, develops, markets, and sells women’s footwear primarily in the United States. The company offers its products under the Trotters and SoftWalk brand names. It distributes its products through department stores, specialty and independent retail stores, mail order catalogues, and Internet retailers, as well as directly to consumers through SoftWalkshoes.com and trotters.com Websites. Phoenix Footwear Group, Inc. was founded in 1882 and is headquartered in Carlsbad, California.

phoenix footwear group inc (PXFG) Top Compensated Officers

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phoenix footwear group inc (PXFG) Key Developments

Phoenix Footwear Group Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended April 4, 2015

Phoenix Footwear Group Inc. reported unaudited consolidated financial results for the first quarter ended April 4, 2015. Net sales increased $1.0 million, or 16.7%, to $6.7 million for the first quarter of fiscal 2015. This compares to $5.7 million in net sales for the first quarter of fiscal 2014. The increase in net sales for the first three months of fiscal 2015 was the result of a 143% increase in the sales of licensed footwear sold into the medical uniform channel of distribution and an increase in customer demand of Trotters and Softwalk’s Spring product offering. Earnings before interest, taxes, depreciation and amortization for the first quarter of fiscal 2015 were $392,000 compared to $382,000 for first quarter of fiscal 2014. Operating income totaled $278,000 for the first quarter of 2015 compared to $341,000 for the comparable period a year ago. Net loss of $39,000, or $0.01 per share, for the first quarter of fiscal 2015 compared to net income of $171,000 or $0.02 per share, for the first quarter of fiscal 2014. The company reported a loss from continuing operations of $39,000, or $0.01 per share, for the first quarter ended April 4, 2015, compared to earnings from continuing operations of $171,000, or $0.02 per share, for the first quarter ended March 29, 2014. Loss before income taxes and discontinued operations was $39,000 compared to earnings before income taxes and discontinued operations of $171,000 a year ago.

Phoenix Footwear Group Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended January 3, 2015

Phoenix Footwear Group Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended January 3, 2015. For the quarter, the company reported net sales of $5,650,000 compared to $4,415,000 a year ago. Operating income was $216,000 against operating loss of $26,000 a year ago. Earnings before income taxes and discontinued operations were $1,000 against loss before income taxes and discontinued operations of $100,000 a year ago. Net loss was $17,000 against $140,000 a year ago. Loss from continuing operations was $17,000 against $128,000 a year ago. For the year, the company reported net sales of $21,995,000 compared to $19,218,000 a year ago. The increase in net sales for fiscal year 2014 was primarily driven by new product introductions designed to appeal to the broader customer demographic of the company’s internet-based accounts, the on-time delivery of spring and fall goods, together with an improvement in the customer reorder volume of the company’s fall product offering. Operating income was $1,132,000 against operating income of $822,000 a year ago. Earnings before income taxes and discontinued operations were $359,000 against earnings before income taxes and discontinued operations of $171,000 a year ago. Net loss was $327,000 against $70,000 a year ago. Earnings from continuing operations were $341,000 against $143,000 a year ago. Diluted earnings per share from continuing operations were $0.02. Diluted earnings per share from net earnings were $0.02. Earnings before interest, taxes, depreciation and amortization improved 14.8% to $1.32 million compared to $1.15 million for fiscal year 2013.

Phoenix Footwear Group, Inc. Enters into Loan and Security Agreement with Newstar Business Credit, LLC

Phoenix Footwear Group Inc. announced that on February 2, 2015, the company entered into a loan and security agreement with NewStar Business Credit, LLC. The loan agreement provides for up to $9.0 million in borrowing capacity consisting up to $8.0 million (subject to a borrowing base as defined in the loan agreement) with a five-year maturity (revolving credit facility) and a term loan of $1,000,000. The principal amount of the term loan is payable in 36 equal monthly installments of $27,778, plus accrued interest, on the first day of each calendar month beginning March 1, 2015. Interest accrues on the principal amount outstanding under the revolving credit facility at the rate equal to the greater of the rate per annum published on each business day in the 'money rates' table of The Wall Street Journal as the one-month LIBOR rate, adjusted daily, and 1.0% plus 3.75%. Interest accrues on the principal amount outstanding under the term loan at the rate equal to the LIBOR Rate plus 5.0%. This new revolving and term facility offers the company additional working capital at a substantially reduced cost. The loan agreement includes various financial and other covenants with which the company has to comply in order to maintain borrowing availability and avoid penalties, including maintaining minimum tangible net worth and minimum fixed charge coverage ratios. at the closing under the loan agreement, the company used proceeds from the term loan and the revolving credit facility to pay in full the obligations outstanding under that loan and security agreement dated July 30, 2012 between the company and Alostar Bank of Commerce, which carried an annual interest rate of 6.5% plus a monthly fee of $2,000, and that loan and security agreement dated July 30, 2012 between the company and Gibraltar Business Capital which carried an annual interest rate of 18%. Those agreements were terminated. As condition to the closing under the loan agreement, the company also extended from October 30, 2015 until July 31, 2020 the maturity date of the $1,350,000 in aggregate principal amount of its subordinated secured 1% convertible notes held by Greenwood Capital Limited Partnership and MGPLA LP.

 

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PXFG

Industry Average

Valuation PXFG Industry Range
Price/Earnings 70.1x
Price/Sales 0.3x
Price/Book 3.2x
Price/Cash Flow 50.1x
TEV/Sales NM Not Meaningful
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