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JAKKS Pacific's Q4 2022 net sales decreased by 30% compared to the previous year, while net income attributable to common stockholders increased due to a deferred tax asset valuation allowance release.
Net sales decreased by 30% to $131.9 million compared to $188.0 million last year.
Gross margin was 21.7%, negatively impacted by various factors.
Net income attributable to common stockholders increased to $38.9 million from a net loss of $3.5 million in Q4 2021 due to a $52.6 million non-cash gain.
Adjusted EBITDA decreased to $(12.1) million from $5.0 million in Q4 2021.
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