Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=33998 JLNY - $67 million in revenue. Only 2.2 million shares in the float. JENNA LANE, Inc (OTCBB: JLNY) 1407 Broadway, Suite 2400 New York, NY 10018 Phone: (212) 704-0002 Fax: (212) 704-0139 COMPANY SNAPSHOT... - $67 MILLION is annual revenue - Only 2.2 million shares in the float - A Price of UNDER a buck! - A Book Value of $1.93 - Sales for the first 6-months of their fiscal year are UP 23%. - 52 WEEK: Low $0.375 ... High $3.375 WEBSITE: jennalanegroup.com recent price: $0.875 CHART: bigcharts.com SEC FILINGS: sec.gov SHARE INFORMATION - Outstanding: 3.98 million - Float: 2.2 million - Preferred Shares: None - Insider Ownership: 45% KEY POINTS - SALES INCREASING: For 6 months ended 9/30/99, sales UP 23% to $38.1 million. - ANNUAL SALES (ttm): $67.6 million - MARKET CAP: Around $3 million - BOOK VALUE: $1.93 per share - PRICE TO BOOK RATIO (mrq): 0.21 (Industry Avg is 3.36) - FLOAT: Only 2.2 million shares - CURRENT RATIO (mrq): 2.44 - DEBT / EQUITY RATIO (mrq): 0.18 - OUTSTANDING SHARES ARE REDUCED: Company has bought back over 400,000 shares in the past year. - NEW SUMMER LINE COMING SOON: As per Customer Service - Shares are trading under a buck on very light volume. BUSINESS SUMMARY Jenna Lane, Inc. designs, manufactures (mostly through contractors) and imports women's and children's sportswear. Brands include Jenna Lane, T.L.C. for Kidz, Stressed Out, Smart Objects, JLNY, and Bongo. They sell through major retailers such as KMart and Charming Shoppes and other department stores and specialty retailers. They also sell online through styleclick.com. JLNY now does 65% of its business as retailers' private labels; and the licensed Bongo brand. Its Impatiens division designs dresses. Founders Mitchell Dobies and Charles Sobel together own 31% of the company. JLNY had positive earnings in 97 & 98, but had accounting problems in FY 1999 that raised concern. They hired a new President and conducted a financial review. Results of that review are expected soon and were expected to reduce earnings for FY 1999 and increase earnings for the first 6-month period of FY 2000 ended 9-30-99. These events have taken their toll on the stock price and it has declined significantly from its high of nearly $10.00 per share just 2 years ago. Has the stock price started to turnaround? For the 6 months ended 9/30/99, revenues increased 23% to $38.1M. The company showed losses for that period, but those losses may be upgraded as a result of the financial review. According to a recent press release, "A restatement, if it occurs, may result in a charge to earnings for the fiscal year ended March 31, 1999 and an improvement in reported results for the six months ended September 30, 1999." JLNY had a company employee driving a company owned truck that struck and killed a person. The estate of that person filed a $10 million lawsuit against the company in Oct 99. The company did not make clear what their insurance coverage...https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=3399838013210