Kartoon Studios Provides Business Update for the Third Quarter of 2023
BEVERLY HILLS, Calif., Nov. 17, 2023 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American:TOON) today provided a business update for the third quarter of 2023.
- Anticipates First Ever Break-Even EBITDA in Fourth Quarter of 2023, a First Since Its Launch
New CFO Brian Parisi Brings Strong Track Record from the NFL and Live Nation, Focused on Value Creation, as well as Growing Revenues and Driving Sustainable Earnings
BEVERLY HILLS, Calif., Nov. 17, 2023 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American:TOON) today provided a business update for the third quarter of 2023. - Mainframe Studios, Kartoon Studios’ affiliated work-for-hire and original content production studio based in Vancouver, Canada, has become an integral part of our company and our future success.
- During this recent quarter, we delivered our longstanding production of BARBIE to Netflix, shortly after the blockbuster success of the live Barbie movie.
- As of September 30, 2023, Kartoon Studios had current assets of $61.4 million, working capital of $11.8 million, and total stockholders’ equity of $74.0 million.