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Summer Infant, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2022 10-Q, filed May 16, 2022. Its latest SEC filing is a 15-12G from Jul 5, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Sells infant and toddler products, including gates, bath products and strollers, to retailers and consumers.

How Did They Make Money?

It sells mostly fixed-price juvenile products through separate purchase orders; customers typically pay about 60 days after delivery.

FY2021 revenue

Who Were Their Customers?

It sells largely through its own sales force to national and independent retailers, and also sells through international distributors and representatives, partner websites, and its own direct-to-consumer website.

Customers above 10% of revenue, FY2021
of revenue from three customers (38%, 24%, 18%)
FY2020: 78% from three customers

Did Revenues Turn Into Profits?

No. It lost $2.9M in FY2021.

Operating income, FY2021
−2% of revenue
▼ Now a loss vs FY2020 ($4.9M, 3%)
Net income, FY2021
−2% of revenue
▲ +163% (Loss) vs FY2020 (−$1.1M, −1%)
Free cash flow, FY2021
−7% of revenue
▼ Now a loss vs FY2020 ($16.3M, 11%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q1 FY2022, the three months to Apr 2, 2022
Revenue
▼ −5%
vs $36.2M in Q1 FY2021
Net income
▲ Now profitable
vs −$260K in Q1 FY2021
  • Jun 22, 2022 Kids2 completed its acquisition of Summer Infant Stockholders received $12.00 per share in cash, and Summer Infant became a wholly owned Kids2 subsidiary.

Shrank. Revenue fell 17% in 3 years, from $173.2M in FY2019 to $143.7M in FY2021, about 6% a year.

Core brand lineup The older report lists born free among the company's core brands; the latest names Summer and SwaddleMe as core brands and says Born Free Holdings was dissolved.

Who Did They Compete With?

Competes with Tomy, Dorel Industries, Regalo Baby®, Munchkin®, GB®, Graco®, Chicco®, Fisher-Price®, and Aden & Anais®

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