secwatch / observer
8-K filed March 1, 2024, 6:59 PM ET ticker JAKK CIK 0001009829
earnings confidence high sentiment neutral materiality 0.60

JAKKS Pacific Q4 net loss $11.3M; full-year adj. EPS $4.62, gross profit up 6%

JAKKS PACIFIC INC

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

JAKKS PACIFIC INC reported the fourth quarter ended December 31, 2023 results: revenue $127.4 million, net income Net loss attributable to common stockholders of $11.3 million, EPS $1.12 per diluted share.

Period
the fourth quarter ended December 31, 2023
Revenue
$127.4 million
Net income
Net loss attributable to common stockholders of $11.3 million
EPS
$1.12 per diluted share
Result
reported results
Exact text from the filing
February 29, 2024 – JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the fourth quarter ended December 31, 2023. Fourth Quarter 2023 ● Net sales were $127.4 million, a year-over-year decrease of 3% ● Gross margin of 26.5%, up 480 basis points vs. Q4 2022, led by improved landed product cost and reduced inventory obsolescence expense ● Gross
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.99

JAKKS PACIFIC INC reported Full-Year 2023 results: revenue $711.6 million, net income Net income attributable to common stockholders of $36.9 million, EPS $4.62 per diluted share.

Period
Full-Year 2023
Revenue
$711.6 million
Net income
Net income attributable to common stockholders of $36.9 million
EPS
$4.62 per diluted share
Result
reported results
Exact text from the filing
of $13.9 million (or $1.42 per diluted share) in Q4 2022 ● Adjusted EBITDA (a non-GAAP measure) of $(10.9) million vs. $(12.1) million in Q4 2022 Full-Year 2023 ● Net sales were $711.6 million compared to $796.2 million last year, an 11% decrease ● Gross margin of 31.4% compared to 26.5% last year ● Gross profit of $223.4 million, up 6% compared to $211.3 million last
View on SEC.gov

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Source: SEC EDGAR
accession 0001185185-24-000198
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