$Dolphin Entertainment (DLPN.US)$ NEWS Dolphin Entertainment...
NEWS
Dolphin Entertainment Q1 2024 Revenue Increases 54% Year over Year to a Record $15.2 Million, and Reports Positive Adjusted Operating Income of $1.0 Million Compared to an Adjusted Operating Loss of $1.9 Million in Q1 2023
Positive
Revenue increased by 54% year-over-year to $15.2 million.
Adjusted Operating Income improved to $1.0 million from a $1.9 million loss in Q1 2023.
Quarterly revenue increased by 27% over the previous record in Q4 2023.
Net loss decreased from $3.0 million to $0.3 million year-over-year.
Successful launch of 'Staple Gin' with Rachael Ray and the 'Blue Angels' documentary.
Ended Q1 2024 with $7.5 million in cash and equivalents.
Rebranding initiatives and client successes at major award events like the Academy Awards and Grammys.
Negative
Operating expenses rose from $12.5 million in Q1 2023 to $15.1 million in Q1 2024.
Net loss, although reduced, still amounted to $0.3 million.
Loss per share was $0.02 based on 18.5 million shares, compared to $0.23 on 12.6 million shares in Q1 2023.
Revenue increased by 54% year-over-year to $15.2 million.
Adjusted Operating Income improved to $1.0 million from a $1.9 million loss in Q1 2023.
Quarterly revenue increased by 27% over the previous record in Q4 2023.
Net loss decreased from $3.0 million to $0.3 million year-over-year.
Successful launch of 'Staple Gin' with Rachael Ray and the 'Blue Angels' documentary.
Ended Q1 2024 with $7.5 million in cash and equivalents.
Rebranding initiatives and client successes at major award events like the Academy Awards and Grammys.
Negative
Operating expenses rose from $12.5 million in Q1 2023 to $15.1 million in Q1 2024.
Net loss, although reduced, still amounted to $0.3 million.
Loss per share was $0.02 based on 18.5 million shares, compared to $0.23 on 12.6 million shares in Q1 2023.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Spread kindness and love. Life is short. Don’t let greed eat you.
740Followers
76Following
4745Visitors
Follow