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Alliance Entertainment Reports Second Quarter Fiscal Year 2024 Financial Results

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Thursday, February 8, 2024

PLANTATION, Fla., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, toys, and collectibles, has reported its financial and operational results for the fiscal second quarter ended December 31, 2023.

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PLANTATION, Fla., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, toys, and collectibles, has reported its financial and operational results for the fiscal second quarter ended December 31, 2023.
Launched a new publishing venture under the banner of Alliance Entertainment Publications to create and release high quality, full-color, fan-focused collectible magazines.
Bruce Ogilvie, Chairman of Alliance Entertainment, commented, “During the second quarter of fiscal 2024 our momentum continued with positive net income and adjusted EBITDA, new partnerships and encouraging developments across our brands.
Jeff Walker, Chief Executive Officer of Alliance Entertainment, added, “The second quarter continued to support tracking from higher average selling prices and decreased operating expenses.

Alliance Entertainment Reports First Quarter Fiscal Year 2024 Financial Results

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Friday, November 10, 2023

PLANTATION, Fla., Nov. 10, 2023 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, toys and collectibles, has reported its financial and operational results for the fiscal first quarter ended September 30, 2023.

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PLANTATION, Fla., Nov. 10, 2023 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, toys and collectibles, has reported its financial and operational results for the fiscal first quarter ended September 30, 2023.
Bruce Ogilvie, Chairman of Alliance Entertainment, commented, “The first quarter of fiscal 2024 was marked by continued progress securing new partnerships, diversifying our products offerings, and investing in our operations and proprietary technology with a shift toward larger scale automation.
Jeff Walker, Chief Executive Officer of Alliance Entertainment, added, “The first quarter saw improving stabilization in our business segments during the quarter, with support tracking from higher average selling prices and decreased operating expenses.
Gross profit margin for the fiscal first quarter ended September 30, 2023 was 12%, up from 11% in the same period of 2022.

Alliance Entertainment Reports Fourth Quarter and Fiscal Year 2023 Financial Results

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Thursday, October 19, 2023

PLANTATION, Fla., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, and collectibles, has reported its financial and operational results for the fiscal fourth quarter and year ended June 30, 2023.

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PLANTATION, Fla., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, and collectibles, has reported its financial and operational results for the fiscal fourth quarter and year ended June 30, 2023.
Bruce Ogilvie, Chairman of Alliance Entertainment, commented, “The fourth quarter was highlighted by our Nasdaq uplisting in conjunction with a $4.0 public offering.
John Kutch, Chief Financial Officer of Alliance Entertainment, added, “For the fourth quarter of fiscal year 2023, we were encouraged by a 9% sequential improvement in revenue from the third quarter as the macro issues impacting us subside.
Gross profit also improved in the fourth quarter, up 6% year over year, and 11% over the third quarter of fiscal 2023 as our cost-saving initiatives begin to yield positive results.

Alliance Entertainment Exhibiting at ‘Toy Fair’ in New York City September 30 - October 3

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Wednesday, September 27, 2023

PLANTATION, Fla., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, and collectibles, will be exhibiting at Toy Fair® in New York City at the Jacob K. Javits Center September 30 - October 3.

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PLANTATION, Fla., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, and collectibles, will be exhibiting at Toy Fair® in New York City at the Jacob K. Javits Center September 30 - October 3.
Prominently displayed in the Alliance booth 5879 will be products from Funko, Arcade1UP, Super7, Mattel, Bandai, McFarlane Toys, Mezco and other vendors representing the best in entertainment licenses from Disney, Netflix, Anime, DC, Marvel, Star Wars and others.
Alliance is known for having the largest in stock selection of Toys and Collectibles in North America with more than 9,500 unique SKUs currently in stock.
“The New York Toy Fair gives us great opportunities to advance our vendor and customer relationships within our rapidly growing Toy and Collectible division,” said Jeff Walker, CEO of Alliance Entertainment.

Alliance Entertainment’s COKeM Gaming Division to Launch Exclusive Atari® 50th Anniversary Deluxe Arcade Machine for the Home on October 3rd

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Wednesday, September 6, 2023

Alliance Entertainment, through its COKeM International video game division, is the leader in US distribution of video games and related products.

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Alliance Entertainment, through its COKeM International video game division, is the leader in US distribution of video games and related products.
The Deluxe Edition arcade machine is Arcade1Up’s most authentic arcade format yet.
Featuring a streamlined style and sleek, single-cabinet design that echoes the look of the classic arcade machine, with modern features and technology.
The Atari 50th Anniversary Arcade Machine will immerse users into the world of classic gaming with this feature-packed cabinet.

ARCADE1UP BRINGS VEGAS VIBES HOME WITH WHEEL OF FORTUNE CASINOCADE

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Tuesday, September 5, 2023

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MIAMI, Sept. 5, 2023 /PRNewswire/ -- Bring the excitement and thrill of the casino home with Arcade1Up's new Wheel of Fortune Casinocade Deluxe arcade game! Developed with the official license from Sony Pictures Television, the new Wheel of Fortune Casinocade Deluxe arcade game features 24 games including exclusive Wheel of Fortune games and other casino favorites such as Blackjack, Joker Poker, and Mahjong. The Wheel of Fortune Casinocade Deluxe arcade game is available at Best Buy retail stores in the U.S. and BestBuy.com beginning today for $599.99.

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MIAMI, Sept. 5, 2023 /PRNewswire/ -- Bring the excitement and thrill of the casino home with Arcade1Up's new Wheel of Fortune Casinocade Deluxe arcade game!
Developed with the official license from Sony Pictures Television, the new Wheel of Fortune Casinocade Deluxe arcade game features 24 games including exclusive Wheel of Fortune games and other casino favorites such as Blackjack, Joker Poker, and Mahjong.
The Wheel of Fortune Casinocade Deluxe arcade game is available at Best Buy retail stores in the U.S. and BestBuy.com beginning today for $599.99.
With a light up marquee, flashing lights and buttons, the Wheel of Fortune Casinocade Deluxe brings the classic casino experience to life in a sleek 5-foot cabinet.

ARCADE1UP ANNOUNCES A SLAM DUNK FOR BASKETBALL FANS WITH TWO NEW NBA JAM™ HOME ARCADE EXPERIENCES

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Friday, July 7, 2023

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LAS VEGAS, July 7, 2023 /PRNewswire/ -- Boomshakalaka! The 30th anniversary of the iconic NBA Jam™ is upon us and, to celebrate, Arcade1Up has announced two new home arcade experiences. Developed in partnership with the National Basketball Association (NBA), the new NBA Jam™ 30th Anniversary Deluxe arcade machine lets fans play with or against the game's greatest players including Shaquille O'Neal, Hakeem Olajuwon, Isaiah Thomas, Karl Malone, John Stockton, and David Robinson - in the company's newest format. The NBA Jam™ Partycade offers a fun, portable experience fans can take anywhere they go. Both machines will make their debut today at NBA Con, a first-of-its-kind fan experience to celebrate hoops and culture, and will be available this fall - right in time for the start of the NBA season. The NBA Jam 30th Anniversary Deluxe arcade machine is available for pre-order beginning today for $699.99.

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The 30th anniversary of the iconic NBA Jam™ is upon us and, to celebrate, Arcade1Up has announced two new home arcade experiences.
The NBA Jam™ Partycade offers a fun, portable experience fans can take anywhere they go.
The NBA Jam 30th Anniversary Deluxe arcade machine is available for pre-order beginning today for $699.99.
Featuring the iconic NBA Jam™ gameplay that has captured the hearts of basketball fans for decades, this 30th anniversary machine combines classic gaming with modern features.

CLASSIC STREET RACING ARCADE GAME THE FAST & THE FURIOUS ZOOMS INTO HOMES WITH HIGH-OCTANE EXPERIENCE FROM ARCADE1UP

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Thursday, April 20, 2023

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MIAMI, April 20, 2023 /PRNewswire/ -- The popular and record-smashing Fast & Furious Saga will race into homes next month with the release of The Fast & The Furious Deluxe Arcade Game, Arcade1Up announced today, in collaboration with Universal Games and Digital Platforms.

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MIAMI, April 20, 2023 /PRNewswire/ -- The popular and record-smashing Fast & Furious Saga will race into homes next month with the release of The Fast & The Furious Deluxe Arcade Game, Arcade1Up announced today, in collaboration with Universal Games and Digital Platforms.
With Arcade1Up's new arcade machine, The Fast & The Furious Deluxe Arcade Game, the first home arcade machine of the franchise, fans can get behind the steering wheel and put the pedal to the metal in two games, The Fast & The Furious and The Fast & The Furious: Tokyo Drift, for action-packed racing including high-speed car chases and more.
"The Fast & The Furious Deluxe Arcade Game is the perfect addition to our new Deluxe line, offering a high-quality at-home arcade experience at an accessible price."
Sporting Arcade1Up's new flagship line, the Deluxe Edition, The Fast & The Furious Deluxe Arcade Game has a streamlined style and a sleek single cabinet design.

ARCADE1UP LEVELS UP GAME NIGHT WITH RELEASE OF INFINITY GAME BOARD

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Thursday, April 13, 2023

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MIAMI, April 13, 2023 /PRNewswire/ -- Arcade1Up has once again leveled up game night with the release of the Infinity Game Board™. Building off the success of the Infinity Game Table™, an innovative digital table that connects family and friends through a vast library of popular games, Arcade1Up has gone one step further with the Infinity Game Board, creating a portable and easily accessible board game experience that everyone in the family can enjoy. The Infinity Game Board is available beginning today for $499.99 at Best Buy retail stores and BestBuy.com.

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MIAMI, April 13, 2023 /PRNewswire/ -- Arcade1Up has once again leveled up game night with the release of the Infinity Game Board ™.
Building off the success of the Infinity Game Table™ , an innovative digital table that connects family and friends through a vast library of popular games, Arcade1Up has gone one step further with the Infinity Game Board, creating a portable and easily accessible board game experience that everyone in the family can enjoy.
The Infinity Game Board is available beginning today for $499.99 at Best Buy retail stores and BestBuy.com .
The Infinity Game Board brings all the amazing games, activities and features of the award-winning Infinity Game Table into a portable device that is both compact and lightweight.

ARCADE1UP RELEASES NEW LINE OF ICONIC ARCADE MACHINES FOR THE ULTIMATE 'BACK IN THE DAY' EXPERIENCE AT HOME

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Tuesday, April 4, 2023

MIAMI, April 4, 2023 /PRNewswire/ -- Arcade1Up today announced the company's new Deluxe Edition arcade machines are now available on Arcade1Up.com and at Best Buy. Sporting a new flagship design, the collection is an expansion of Arcade1Up's Legacy Classics line and was designed to offer an authentic and premium at-home arcade experience. The Deluxe machines available now include PAC-MAN Deluxe, Class of '81 Deluxe and Mortal Kombat Deluxe, with other classic titles on the way.

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Sporting a new flagship design, the collection is an expansion of Arcade1Up's Legacy Classics line and was designed to offer an authentic and premium at-home arcade experience.
The Deluxe machines available now include PAC-MAN Deluxe , Class of '81 Deluxe and Mortal Kombat Deluxe , with other classic titles on the way.
"We are continually striving to modernize classic arcade-style games at a price and size that is suited for the home," said Scott Bachrach, CEO of Arcade1Up.
"The Deluxe line offers a premium experience that we hope will both transport fans 'back in the day' and introduce new players to the magic of these iconic games."