Beaten Down Stock Chicken Soup Entertainment Explores Financial Options to Avoid Cash Crisis
Beaten Down Stock Chicken Soup Entertainment Explores Financial Options to Avoid Cash Crisis
Chicken Soup for the Soul Entertainment Inc (NASDAQ:CSSE) is exploring options to alleviate its financial difficulties.
Soul Entertainment Inc（纳斯达克股票代码：CSSE）的鸡汤正在探索缓解其财务困难的备选方案。
These include issuing preferred equity, raising new debt, and selling assets.
其中包括发行优先股、筹集新债务和出售资产。
The company has engaged with potential investors regarding the equity raise, though these talks remain confidential, Bloomberg reports.
彭博社报道，该公司已就股权筹集与潜在投资者进行了接触，尽管这些谈判仍处于保密状态。
Despite considering these measures, Chicken Soup for the Soul has yet to make any official comments, and its primary lender, HPS Investment Partners, has yet to respond to inquiries.
尽管考虑了这些措施，但Chicken Soup for the Soul尚未发表任何官方评论，其主要贷款机构HPS Investment Partners也尚未回应询问。
Established in 1993 and expanding from publishing to film, television, video streaming, and pet food, the company ventured into the DVD rental kiosk and online streaming rental market by acquiring Redbox in 2022.
该公司成立于1993年，从出版业务扩展到电影、电视、视频流媒体和宠物食品，并于2022年收购了Redbox，进军DVD租赁亭和在线流媒体租赁市场。
However, the company's financial stability has been precarious, with just $4.1 million in cash as of September 30 and facing the challenge of managing $360 million of debt from its merger with Redbox.
但是，该公司的财务稳定一直不稳定，截至9月30日，只有410万澳元的现金，并且面临着管理与Redbox合并产生的3.6亿美元债务的挑战。
The debt management strategy relied on increasing movie releases to pre-pandemic levels and anticipated cost savings.
债务管理策略依赖于将电影发行量提高到疫情前的水平和预期的成本节约。
The inability to secure a new loan last year meant missed opportunities to acquire movie titles, further impacting its performance.
去年无法获得新贷款意味着错过了收购电影的机会，进一步影响了其业绩。
Despite the financial strain, the company tried reducing costs and renegotiating contracts with content providers. In January, it tapped FUEL TV for action sports-focused streaming content. In February, it collaborated with Swirl Films to relaunch FrightPIX as a streaming channel.
尽管面临财务压力，但该公司仍尝试降低成本并与内容提供商重新谈判合同。一月份，它使用FUEL TV来播放以动作体育为重点的直播内容。2月，它与Swirl Films合作，将FrightPix作为直播频道重新推出。
The company has also sought professional advice on asset sales and is discussing modifications to its existing loan terms.
该公司还就资产出售寻求了专业建议，并正在讨论修改其现有贷款条款。
In December, the company reported third-quarter revenue of $65.7 million, missing the consensus of $102.1 million. The EPS loss of $(1.86) missed the consensus loss of $(1.17).
12月，该公司公布的第三季度收入为6,570万美元，未达到预期的1.021亿美元。每股收益亏损1.86美元，未达到共识亏损的1.17美元。
Amidst these challenges, Chicken Soup for the Soul's stock has significantly plummeted, losing over 95% of its value in the past year, now trading at less than 19 cents per share.
在这些挑战中，Chicken Soup for the Soul的股票大幅暴跌，在过去的一年中下跌了95％以上，目前每股交易价格不到19美分。
Price Action: CSSE shares traded higher by 2.37% at $0.19 premarket on the last check Wednesday.
价格走势：周三最后一次支票中，CSSE股票盘前上涨2.37％，至0.19美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明： 该内容部分是在人工智能工具的帮助下制作的，并由Benzinga编辑审阅和发布。
Photo by Foto-Rabe from Pixabay
照片由 Pixabay 上的 Foto-Rabe 拍摄