Dolphin Entertainment Q2 Revenue Increases 66% Year over Year and 20% Sequentially to a Record $8.6 Million
Dolphin Entertainment, Inc. (DLPN)
US:NASDAQ Investor Relations:
dolphinentertainment.com/?page_id=27
Company Research
Source: Accesswire
Positive Operating Income Even Including Non-Cash Depreciation & Amortization ExpenseNet Income of $1.3M Equals $0.17 Basic Earnings Per ShareCompletes Growth to Positive Working Capital With Surplus of $1.26MNFTs, Dolphin's First of Dolphin 2.0 Initiatives, Have LaunchedMIAMI, FL / ACCESSWIRE / August 16, 2021 / Dolphin Entertainment, Inc. (NASDAQ:DLPN), a leading entertainment marketing and premium content production company, announces its financial results for the second quarter ended June 30, 2021."Three major financial milestones were achieved this quarter," stated Bill O'Dowd, CEO of Dolphin Entertainment. "First, revenues of $8.6M, which topped by 20% the previous record of only one quarter prior. Secondly, positive operating income for the first time as a NASDAQ company when including the non-cash expense of depreciation and amortization. Operating income is the P&L metric we use to gauge ourselves, so this was very meaningful to us. And, third, a working capital surplus for t
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