JAKKS Pacific, a leading toy company, has reported a significant loss in its first quarter due to the absence of major kids movies like “The Super Mario Bros Movie” and “The Little Mermaid”. This decline in movie-related sales impacted the company’s overall performance, resulting in lower gross profit margins and adjusted EBITDA loss. CEO Stephen Berman attributed the weaker results to the lack of a strong film slate in 2024 and anticipated lower levels of shipping and retail activity.
**LiveOne (LVO)** had a strong year with subscription and sponsorship revenue growth. The company anticipates further revenue growth in FY25, with a focus on its Audio Division and share buybacks. Here’s a summary of the key highlights:
– FY24 Revenue: $118.5M, Adjusted EBITDA: $14.4M
– Q4 FY24 Revenue: $30.3M, Adjusted EBITDA: $4.3M
– FY25 Revenue Guidance: $140M-$155M, Adjusted EBITDA: $16M-$20M
– Audio Division FY25 Guidance: Revenue: $130M-$140M, Adjusted EBITDA: $20M-$25M, Positive Cash Flow: $17M+
– Shared Repurchased: ~4M, $5M Remaining for Continued Repurchases
– Current Cash Position: $10.6M
LiveOne believes its stock is undervalued and will continue to focus on delivering results for shareholders.
