Alliance Entertainment Q3 net loss $7.8M vs prior-year income; revenue down 29%

ALLIANCE ENTERTAINMENT HOLDING CORP

2023-Q3 EPS reported -$0.64 revenue$911,590,000

Q3 FY2023 net revenues $227.7M, down 29% from $320.4M in prior-year quarter.
Net loss of $7.8M vs net income of $3.7M in Q3 FY2022.
Adjusted EBITDA loss of $2.4M compared to positive $9.6M a year ago.
Nine-month net loss $30.8M vs net income $33.2M; gross margin fell to 8.1% from 13.4%.
Cost-cutting actions implemented include headcount reduction and management salary cuts.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ALLIANCE ENTERTAINMENT HOLDING CORP reported the fiscal third quarter ended March 31, 2023 results: revenue $227.7 million.

Period: the fiscal third quarter ended March 31, 2023
Revenue: $227.7 million
Result: reported results

Exact text from the filing

Net revenues for the fiscal third quarter ended March 31, 2023 were $227.7 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ALLIANCE ENTERTAINMENT HOLDING CORP reported the nine-month period ended March 31, 2023 results: revenue $911.6 million.

Period: the nine-month period ended March 31, 2023
Revenue: $911.6 million
Result: reported results

Exact text from the filing

For the nine months ended March 31, 2023 net revenues were $911.6 million

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Source: SEC EDGAR

accession 0001104659-23-063282

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