secwatch.observer — SEC 8-K summary
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Issuer:     JAKKS PACIFIC INC (JAKK)
CIK:        0001009829
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001185185-24-000198
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JAKKS Pacific Q4 net loss $11.3M; full-year adj. EPS $4.62, gross profit up 6%
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- Q4 net sales $127.4M (-3% YoY); gross profit $33.7M (+18%); net loss $11.3M vs net income $37.6M in Q4 2022.
- Full-year 2023 net sales $711.6M (-11%); gross profit $223.4M (+6%), highest since 2015.
- Full-year adjusted net income $48.9M ($4.62 diluted) vs $43.6M ($4.29) in 2022; adjusted EBITDA $75.7M.
- Ended 2023 with $72.6M cash, zero debt (all long-term debt repaid in H1); inventory down 35% to $52.6M.
- CEO says third consecutive year meeting or exceeding full-year targets; supply chain normalization boosted margins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009829/000118518524000198/0001185185-24-000198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009829/000118518524000198/jakkspacif20240228_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-24-000198

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