secwatch.observer — SEC 8-K summary
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Issuer:     JAKKS PACIFIC INC (JAKK)
CIK:        0001009829
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001185185-24-000433
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JAKKS Pacific Q1 net sales $90.1M (-16% YoY); operating loss $21.3M; preferred shares retired
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- Net sales $90.1M, down 16% YoY; gross margin 23.4%, down 580 bps.
- Operating loss $21.3M vs $4.4M loss in Q1 2023; adjusted EPS loss $1.09 vs $0.40.
- Adjusted EBITDA -$17.2M vs -$1.1M; lack of new film releases drove decline.
- Retired all preferred shares at discounted valuation, removing last 2019 restructuring artifact.
- Cash $35.5M; zero total debt; inventory $46.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009829/000118518524000433/0001185185-24-000433-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009829/000118518524000433/jakkspacif20240424_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-24-000433

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