SHARPE
Reported results
- Total consolidated revenues decreased 10.8% to $1.50 billion for Fiscal 2026, compared with $1.69 billion in prior year
- GAAP net loss for Fiscal 2026 was $134.8 million, or $(2.11) per diluted share, which includes $45.2 million non-cash goodwill and intangible impairment charge
- Non-GAAP Adjusted net loss was $(77.5) million, or $(1.21) per diluted share, compared with Adjusted net loss of $(52.5) million, or $(0.82) per share, in prior year
- Non-GAAP Adjusted EBITDA for Fiscal 2026 was $2.9 million, compared with $29.2 million in prior year
- Gross profit margin decreased 70 basis points to 38.0%, compared with 38.7% in prior year period
- Operating expenses decreased $158.6 million to $698.5 million, with non-GAAP operating expenses (excluding non-recurring charges and NQDC impact) decreasing $62.0 million to $633.3 million
Guidance
- Fiscal 2027 net revenues expected to decline in the mid-single digit range compared with Fiscal 2026
- Fiscal 2027 non-GAAP Adjusted EBITDA expected to be $10 million to $15 million, which includes approximately $12 million of additional compensation expense versus Fiscal 2026
Notes
Results include a $45.2 million non-cash goodwill and intangible impairment charge in Fiscal 2026, compared with a $143.8 million impairment charge in prior year. Company amended credit agreement on September 10, 2026 to extend covenant relief and provide additional financial flexibility. Company is evaluating capital raising options including potential divestitures of non-strategic assets and debt or equity financings, with Guggenheim Securities retained as financial advisor.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-10 (8-K, Item 2.02). Read the original filing on sec.gov.