On DAY, Naked Brand Group Limited (NASDAQ: NAKD) shares price traded between $0.1350 and $0.1600 during the last trading session upbeat with +13.42% at $0.1580. The shares recorded a trading volume 3,426,859 shares as compared to its average volume of 738,187 shares. The company has $64.24M shares outstanding and market value of 9.048M. Over the one year trading period, the stock has a peak price of $6.99 and its down is recorded at $0.13. The short ratio in the NAKD stock is 1.04 and the short float is around of 1.90%.

Naked Brand Group Limited (NASDAQ: NAKD), has stated its full year fiscal 2019 financial results for the twelve months ended January 31, 2019.

Net sales for the full year fiscal 2019 totaled NZD$111.9M, or USD$77.4M, a decrease of 14.8% contrast to NZD$131.4M, or USD$90.9M, for the full year fiscal 2018. Net Sales were influenced by a stock supply issue, the exit from the E.U and U.K. market and the Company’s decision to end certain wholesale relationships in the U.S. market.

Gross profit totaled about NZD$37.4M, or USD$25.9M, for the full year fiscal 2019 as contrast to NZD$43.9M, or USD$30.3M, for the full year fiscal 2018. Gross profit margin as a percentage of revenue increased to 33.5% for the full year fiscal 2019, as contrast to about 33.3% for the full year fiscal 2018. Gross margins were positively influenced by the shift from wholesale to a direct-to-consumer sales model.

Operating expenses totaled NZD$87.9M, or USD$60.7M, for the full year fiscal 2019, contrast to NZD$81.5M, or USD$56.2M, for the full year fiscal 2018. The increase in operating expenses was primarily attributable to one-time costs related to the U.S. listing process and impairment expenses as a result of the aforementioned stock supply issue.

Net loss totaled NZD$49.2M, or USD$34.0M, for the full year fiscal 2019, or (NZD$2.01), or (USD$1.39), per basic and diluted share, contrast to a net loss of NZD$37.5M, or USD$25.8M, for the full year fiscal 2018, or (NZD$1.79), or (USD$1.24), per basic and diluted share. The increase in net loss was a result of reduced gross profit and increased operating expenses.

EBITDA loss totaled NZD$25.6M, or USD$17.7M, for the full year fiscal 2019 from NZD$24.1M, or USD$16.6M, for the full year fiscal 2018.

Cash and cash equivalents at January 31, 2019 totaled NZD$2.0M, or USD$1.4M, as contrast to $10.7M, or USD$7.4M, at January 31, 2018. Subsequent to the closing of the full year fiscal 2019, the company completed a USD$3.9M private placement and signed a definitive contract for a USD$1.5M planned investment from TokenPay Swiss AG.