Kartoon Studios Reports Strong Progress and Provides Business Update for the Fourth Quarter and Full Year of 2023
Kartoon Studios, Inc. (TOON)
Company Research
Source: GlobeNewswire
Projected Growth and Cost Saving Initiatives Driving Company Towards Profitability as Animated Characters, Catalogue of Animated Episodes, and Broadcast Assets, All Grow Under New CFO, Q4 2023 Direct Operating Costs Reduced by Over 70% Year-Over-Year and 54% Sequentially, While Identifying Over $3.5 Million in Additional Annualized Cost Savings Across the Company, to be Implemented in 2024 Kartoon Channel!'s Streaming Business Operating at Break-Even Operating Income, Setting it Apart from Many Leading Competitors, with Continuing Growth and Anticipated Improvement Throughout 2024 Kartoon Channel!’s Paid Subscriber Base Grew 19% in Full Year 2023 Compared to Full Year 2022 Production Arm, Mainframe Studios’ Growing Sales Pipeline and Newly Greenlit Projects Projected to Generate More Than $40 Million in Revenue; Experiencing Robust Recovery Post Industry-Wide Streamer Disruptions and Actors and Writers Strikes Beacon Media Group, the Company’s Kids and Family Media Agency, Bucks
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TOON
News
- Kartoon Studios Continues Execution of Growth Strategy With Profitability Targeted for Q2 2025; Provides Business Update for the First Quarter of 2024GlobeNewswire
- Kartoon Studios and GFM Animation Partner to Develop and Produce First Slate of Five Animated Feature Films From Stan Lee UniverseGlobeNewswire
- Kartoon Studios Inc. Completes First Tranche of Registered Direct Offering of Common Stock and Pre-Funded Warrants for up to $7.0 Million; Closes Initial Purchase of $4.0 Million of Common Stock and Pre-Funded WarrantsGlobeNewswire
- Kartoon Studios prices $7M registered direct offering of common stock [Seeking Alpha]Seeking Alpha
- Kartoon Studios Inc. Announces Pricing of up to $7 Million Registered Direct Offering of Common Stock [Yahoo! Finance]Yahoo! Finance
TOON
Sec Filings
- 5/15/24 - Form 8-K
- 5/15/24 - Form 10-Q
- 5/8/24 - Form 4
- TOON's page on the SEC website