Cherokee Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended October 28, 2017. For the quarter, the company reported total revenues of $11,037,000 compared to $6,495,000 a year ago. Operating loss was $1,679,000 compared to $1,210,000 a year ago. Loss before income taxes was $3,409,000 compared to $1,362,000 a year ago. Net loss was $2,520,000 compared to $873,000 a year ago. Net loss per basic and diluted common share attributable to common stockholders was $0.18 compared to $0.10 a year ago. Non-GAAP operating income was $541,000 compared to $1,238,000 a year ago. Non-GAAP net loss was $740,000 or $0.05 per diluted share compared to non-GAAP net income of $696,000 or $0.08 per diluted share a year ago. LBITDA was $1,292,000 compared to $844,000 a year ago. Adjusted EBITDA was $928,000 compared to $1,604,000 a year ago.

For the nine months, the company reported total revenues of $36,107,000 compared to $25,646,000 a year ago. Operating loss was $4,730,000 compared to operating income of $5,597,000 a year ago. Loss before income taxes was $9,739,000 compared to income before income taxes of $5,161,000 a year ago. Net loss was $10,404,000 compared to net income of $3,225,000 a year ago. Net loss per basic and diluted common share attributable to common stockholders was $0.79 compared to net income per basic and diluted common share attributable to common stockholders of $0.37 a year ago. Non-GAAP operating income was $1,440,000 compared to $9,410,000 a year ago. Non-GAAP net loss was $2,221,000 or $0.17 per diluted share compared to non-GAAP net loss of $5,608,000 or $0.64 per diluted share a year ago. LBITDA was $3,414,000 compared to EBITDA of $6,673,000 a year ago. Adjusted EBITDA was $2,756,000 compared to $10,486,000 a year ago.

The company is adjusting its previously issued guidance for the fiscal year 2018 ending February 3, 2018 as gross profit is expected to be in the range of $36 million to $38 million. Adjusted EBITDA is expected to be in the range of $7 million to $9 million.

The company is providing guidance for the fiscal 2019 year ending February 2, 2019 as gross profit is anticipated to be in the range of $33 million to $37 million. Adjusted EBITDA is anticipated to be in the range of $7 million to $9 million.