secwatch.observer — SEC 8-K summary
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Issuer:     JAKKS PACIFIC INC (JAKK)
CIK:        0001009829
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001185185-22-000522
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JAKKS reports Q1 net sales up 44% to $120.9M, narrows loss; amends credit facility
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- Q1 net sales $120.9M (+44% YoY); highest Q1 since 2008.
- Net loss attributable to common $4.2M ($0.43/sh) vs loss $24.4M ($4.54/sh) in Q1 2021.
- Adjusted EBITDA turned positive at $1.9M vs negative $2.4M; TTM adjusted EBITDA $53.6M (+36%).
- Gross margin fell to 24.7% from 31.1% due to higher ocean freight costs.
- Entered First Amendment to credit agreement; minimum cash requirements set at $15M-$20M through Sep 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009829/000118518522000522/0001185185-22-000522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009829/000118518522000522/jakkspacif20220428_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-22-000522

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