secwatch.observer — SEC 8-K summary
======================================

Issuer:     JAKKS PACIFIC INC (JAKK)
CIK:        0001009829
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001185185-23-000415
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JAKKS Pacific Q1 net sales $107.5M (-11% YoY); net loss widens to $5.7M, but gross margin improves 450 bps
--------------------------------------------------------------------------------

- Net sales $107.5M (-11% vs $120.9M Q1 2022); gross margin 29.2% (+450 bps); gross profit $31.4M (+5%).
- Net loss attributable to common stockholders $5.7M ($0.58/share) vs $4.2M loss ($0.43) in Q1 2022.
- Adjusted EBITDA negative $1.1M vs positive $1.9M; TTM adjusted EBITDA $73.3M (+37% from $53.6M).
- International segment grew: Toys/Consumer Products +7% to $20.0M, Costumes +64% to $3.0M; Latin America strong.
- Long-term debt reduced to under $30M during Q1; temporary warehouse costs drove SG&A higher.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009829/000118518523000415/0001185185-23-000415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009829/000118518523000415/jakkspacif20230426_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000415

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer