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On a sequential basis, revenue for the first quarter increased over 38% as compared to the fourth quarter of 2013. Additionally, while EBITDA for the first quarter declined year over year by approximately 25% we recorded a sequential increase in EBITDA of over 85%. We continue to be optimistic about the prospect of CamelBak as they develop and bring to market innovative personal hydration solutions that promote environmental conservation.
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During the quarter,Ergobaby Reviews, we took three meaningful steps to enhance our balance sheet. First, we sold our HALO subsidiary for net proceeds of $66 million. Second, we issued an additional 30 million of term loans, which carry only minimal amortization payments through the end of 2017.
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