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Dec 31, 2022
Kartoon Studios Q4 2022 Earnings Report
Genius Brands increased revenue and reduced operating and net losses in 2022.
Key Takeaways
Genius Brands International reported a 691% increase in full-year revenue to $63.0 million for 2022, driven by synergies from acquisitions like WOW Unlimited Media. The company also reduced its operating loss by 31% and net loss by 64% compared to the previous year. With $139.5 million in current assets and $28.6 million in working capital, Genius Brands is focused on achieving positive cash flow from operations through growth, synergies, distribution expansion, and cost reductions.
Full-year revenue increased by 691% to $63.0 million.
Operating loss decreased by 31% and net loss decreased by 64%.
Secured multi-million dollar investment from TOHO International.
Current assets totaled $139.5 million, with working capital of $28.6 million and total stockholders’ equity of $112.9 million.
Kartoon Studios
Kartoon Studios
Forward Guidance
Genius Brands anticipates growth, synergies from recent acquisitions, expansion of the distribution network, new content production, and expense reductions will lead to positive cash flow from operations.