Total revenue for the first quarter ended March 31, 2019 was $36.9 million, compared to $38.1 million in the prior year quarter. On a GAAP basis, net loss for the first quarter 2019 was $125.3 million or $1.95 per diluted share compared to a net loss for the first quarter 2018 of $2.3 million or 4 cents per diluted share. Included in the net loss for the first quarter 2019 was a $161.2 million impairment related to the sale of the Martha Stewart and Emeril Lagasse brands. Non-GAAP net loss for the first quarter 2019 was $800,000, or 1 cent per diluted share, compared to non-GAAP net income of $3.6 million, or 6 cents per diluted share, in the prior year period. Adjusted EBITDA for the first quarter of 2019 was $16.8 million, compared to $21.2 million in the prior year quarter.
The company’s brands include Martha Stewart, And1, Avia, Gaiam, Heelys, DVS, Jessica Simpson, Joe’s, William Rast and Ellen Tracy.