secwatch.observer — SEC 8-K summary
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Issuer:     Reservoir Media, Inc. (RSVR)
CIK:        0001824403
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001104659-23-115019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reservoir Media Q2 FY2024 revenue up 15% to $38.4M; raises full-year guidance
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- Adjusted EBITDA rose 24% YoY to $15.9M; operating income was $6.1M, down slightly from $6.6M.
- Net income fell to $0.7M ($0.01 per share) from $4.5M ($0.07), hit by $2.7M write-off of recoupable legal fees.
- Recorded Music revenue grew 22% to $10.8M; Music Publishing revenue up 8% to $25.9M.
- FY2024 guidance raised: revenue $133-137M (10% growth at mid-point), Adjusted EBITDA $50-52M (10% growth).
- Total liquidity $132.8M including $20.6M cash; net debt $311.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824403/000110465923115019/0001104659-23-115019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824403/000110465923115019/tm2329996d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-115019

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