Kidpik reports Q4 EPS ($2.14) vs. ($1.17) last year

Reports Q4 revenue $3.4M vs. $, consensus $4.7M last year. “During the 4th quarter of 2023, we continued to execute our plan to reduce inventory levels, and ceased purchasing new inventory,” commented Ezra Dabah, CEO of Kidpik, who continued, “As discussed in greater detail in the press release we released on April 1, 2024, on March 29, 2024, we entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) with Nina Footwear Corp., a Delaware corporation (“Nina Footwear”), and Kidpik Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Kidpik (“Merger Sub”), whereby Nina Footwear will merge with and into Merger Sub, with Nina Footwear continuing as the surviving entity (the “Merger”). Pursuant to the Merger, Nina Footwear will become a wholly-owned subsidiary of Kidpik. We are extremely excited about the prospects of the Merger which is expected to increase Kidpik’s revenue, cashflow and prospects, while also strengthening Kidpik’s balance sheet and significantly increasing stockholder value.”