Kartoon Studios Inc (A:TOON)

Sector:  Consumer Cyclicals Industry:  Entertainment Production
See Regulatory Filings on SEC
Company Contact
Address: 190 N. Canon, 4Th Floor
Tel: N/A
Website: https://www.kartoonstudios.com
IR: See website
Key People
Andrew Heyward
Chairman of the Board, Chief Executive Officer
Brian Parisi
Chief Financial Officer
Michael A. Jaffa
Chief Operating Officer, General Counsel, Corporate Secretary
Todd Steinman
Chief AI Officer
Business Overview
Kartoon Studios, Inc. is a global end-to-end creator, producer, distributor, marketer, and licensor of entertainment brands. The Company's intellectual property (IP) portfolio includes original animated content, including the Stan Lee brand, Stan Lee's Superhero Kindergarten, starring Arnold Schwarzenegger, on Kartoon Channel!; Shaq's Garage, starring Shaquille O'Neal, on Kartoon Channel!; Rainbow Rangers on Kartoon Channel! and Netflix; the Netflix Original, Llama Llama, starring Jennifer Garner, and more. The Company's segments include Content Production & Distribution and Media Advisory & Advertising Services. The Content Production & Distribution Segment produces and distributes children's content. The Media Advisory & Advertising Services Segment provides media and advertising services. Toon Media Networks, its digital distribution network, consists of Kartoon Channel!, Frederator Network, and Ameba. Kartoon Channel! is a globally distributed entertainment platform.
Financial Overview
For the three months ended 31 March 2024, Kartoon Studios Inc revenues decreased 57% to $6.1M. Net loss decreased 70% to $7M. Revenues reflect Content production & Distribution segment decrease of 61% to $5.2M, Media and advertising services segment decrease of 7% to $886K, United States segment decrease of 63% to $3.2M, Canada segment decrease of 96% to $140K.
Employees: 242 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $42.07M as of Mar 31, 2024
Annual revenue (TTM): $36.00M as of Mar 31, 2024
EBITDA (TTM): -$30.73M as of Mar 31, 2024
Net annual income (TTM): -$59.39M as of Mar 31, 2024
Free cash flow (TTM): -$7.58M as of Mar 31, 2024
Net Debt Last Fiscal Year: $0.72M as of Mar 31, 2024
Shares outstanding: 39,387,500 as of May 14, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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