08:13 AM EDT, 03/11/2024 (MT Newswires) -- Aegis Brands Inc. ( SCUPF ) on Monday reported its Q4 results.

The company reported net loss from continuing operations for the year was $1.0 million or $(0.01) per share, compared with net loss of $7.6 million or $(0.31) per share last year.

System sales rose 19.1% YoY, to $32.8 million in the fourth quarter. Same store sales increased by 9.4% in Q4.

The company also announced that it is proposing a "rejuvenated" slate of directors for the shareholders to vote in at this year's Annual General Meeting in May. This new slate will include Anthony Longo, CEO of Longo's, and a significant shareholder of Aegis. Michael Bregman will step down as Chairman and will be succeeded by Longo, if elected. Anthony's extensive knowledge and experience will be invaluable as Aegis enters this new stage, the statement added.