Kartoon Studios Provides Business Update for the Second Quarter of 2023
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Monday, August 14, 2023
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BEVERLY HILLS, Calif., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American:TOON) today provided a business update for the second quarter of 2023.
Key Points:
- BEVERLY HILLS, Calif., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American:TOON) today provided a business update for the second quarter of 2023.
- Although the strike is ongoing, neither Kartoon Studios nor its subsidiaries are signatories of WGA or SAG.
- As a result, Kartoon Studios is now less dependent on third-party networks for distributing our content.
- As of June 30, 2023, Kartoon Studios had current assets of $91.6 million, working capital of $14.4 million, and total stockholders’ equity of $87.5 million.