The following is a summary of the Dolphin Entertainment, Inc. (DLPN) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Dolphin Entertainment reported Q4 revenue of $12 million, an increase of 8% year-over-year.

• Adjusted operating income was reported at $300,000.

• Q4 Operating expenses amounted to $20 million, with approximately $8.3 million of non-cash or non-recurring expenses.

• The company reported a loss per share of $0.54 based on over 17.6 million weighted average shares outstanding.

• Cash and cash equivalents as of December 31, 2023, amounted to $6.4 million.

Business Progress:

• Completed the acquisition of Special Projects, creating synergy and cross-selling opportunities across the Dolphin group.

• Successful client recognition for subsidiaries 42West and Shore Fire Media due to their effective PR capabilities.

• Digital department expansion with additions like influencer roster of GlowLab and a new partnership with the Osbrink Agency.

• Successful collaborations with major entities like Chanel, Gucci, and the Wall Street Journal through Special Projects.

• Anticipating promising ROI from Blue Angels film through an acquisition agreement with Amazon.

• Dolphin Partnership with Rachael Ray and Do Good Spirits distillery for the launch of Staple Gin in Q2, marking an entry into the spirits market.

• A revitalization plan underway for MasterCard Midnight Theater aimed at profitability.

• Dolphin Entertainment has strategically tackled a documentary, a gin product, and several upcoming events despite challenges due to actors' strikes in 2023.

• Active planning for new business ventures in 2024 and 2025 aimed at significant revenue growth.

More details: Dolphin Entertainment IR

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