earnings
confidence high
sentiment positive
materiality 0.70
Dolphin Q3 revenue +24.5% to $12.7M; adj operating income $0.5M but GAAP loss widens on $6.5M goodwill impairment
Dolphin Entertainment, Inc.
2024-Q3 EPS reported
-$1.07
revenue$39,367,418
- Revenue $12.7M (+24.5% YoY); nine-month $39.4M (+26.6%).
- Adjusted operating income $0.5M vs loss $0.8M in Q3 2023.
- GAAP operating loss $8.2M includes $6.5M goodwill impairment and $1.3M write-off.
- Net loss $8.7M vs $3.9M; cash $6.6M vs $7.6M end 2023.
- CEO cites undervaluation (market cap ~0.25x rev estimate) and $100k stock purchases.