---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-044679"
form_type: "8-K"
ticker: "AENT"
cik: "0001823584"
company_name: "ALLIANCE ENTERTAINMENT HOLDING CORP"
filed_at: "2023-04-12T23:59:59+00:00"
generated_at: "2026-06-17T03:13:30.105911+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Alliance Entertainment reports H1 FY2023 net loss of $23M; revenue down 18%; going concern warning

## Summary
- Six-month revenue $683.9M vs $831.6M prior year; net loss $23.0M vs net income $29.5M.
- Operating loss $25.6M vs operating income $40.6M; inventory write-down of $7.1M on gaming inventory.
- Company expresses substantial doubt about ability to continue as going concern; failed to meet Fixed Charge Coverage Ratio covenant.
- Revolving credit facility matures Sept 29, 2023; classified as current liability due to defaults; $8.3M debt subject to cross-default.
- Filed S-1 registration statement for underwritten public offering of Class A common stock and resale of shares/warrants.

## SEC filing metadata
- accession: 0001104659-23-044679
- form_type: 8-K
- ticker: AENT
- cik: 0001823584
- company_name: ALLIANCE ENTERTAINMENT HOLDING CORP
- filed_at: 2023-04-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823584/000110465923044679/0001104659-23-044679-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823584/000110465923044679/tm239600d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-044679
- JSON: https://secwatch.observer/filing/0001104659-23-044679.json
- Plain text: https://secwatch.observer/filing/0001104659-23-044679.txt

## Key facts
- Earnings Releases
  ALLIANCE ENTERTAINMENT HOLDING CORP reported three and six months ended December 31, 2022 results: revenue Net Revenues $445,162 (three months), $683,862 (six months), net income Net (Loss) Income ($15,515) (three months), ($23,025) (six months), EPS Net (Loss) Income per Share – Basic and Diluted $(17.24) (three months), $(25.58) (six months).
  - Period: three and six months ended December 31, 2022
  - Revenue: Net Revenues $445,162 (three months), $683,862 (six months)
  - Net income: Net (Loss) Income ($15,515) (three months), ($23,025) (six months)
  - EPS: Net (Loss) Income per Share – Basic and Diluted $(17.24) (three months), $(25.58) (six months)
  - Result: reported results
  source text: Three Months Ended Six Months Ended Six Months Ended ($ in thousands except share amount) December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Net Revenues $ 445,162 $ 538,445 $ 683,862 $ 831,646 Cost of Revenues (excluding depreciation and amortization) 424,265 465,407 637,495 717,889 Operating Expenses Distribution and Fulfillment Expense
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823584/000110465923044679/0001104659-23-044679-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.