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Skullcandy makes acquisition, updates 2010 results
Skullcandy CEO Jeremy Andrus. Shop-eat-surf file photo.
By TIFFANY MONTGOMERY
May 04, 2011 07:20 AM
May 04, 2011 07:20 AM
Skullcandy has acquired a gaming headphone company called Astro Gaming for $10.8 million and also updated its full results for 2010 in a new filing with the SEC.
Skullcandy is in the process of taking the company public.
2010 results
Revenue: up 36% to $160.6 million
Net loss: $9.7 million vs. net income of $3.5 million in 2009
EBITDA: down 87% to $4 million
Adjusted EBITDA (excluding one time charges of $17.5 million): up 26% to $39 million.
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