JAKKS Pacific Reports First Quarter 2021 Financial Results
We delivered the best first quarter operating results since 2015, with significant improvement in sales, gross margin, adjusted net income and adjusted EBITDA.
- We delivered the best first quarter operating results since 2015, with significant improvement in sales, gross margin, adjusted net income and adjusted EBITDA.
- Adjusted EBITDA (a non-GAAP measure) was negative $2.4 million for the first quarter of 2021, compared to negative $13.9 million a year ago.
- In addition, the Company believes that the presentation of these financial measures enhances an investor\xe2\x80\x99s ability to make period-to-period comparisons of the Company\xe2\x80\x99s operating results.
- Through JAKKS Cares, the company\xe2\x80\x99s commitment to philanthropy, JAKKS is helping to make a positive impact on the lives of children.