---
schema_version: "secwatch.filing_event.v1"
accession: "0001355848-24-000072"
form_type: "8-K"
ticker: "TOON"
cik: "0001355848"
company_name: "Kartoon Studios, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T22:46:46.180010+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kartoon Studios Q1 revenue $6.1M, targets profitability Q2 2025, streaming unit profitable

## Summary
- Q1 revenue $6.1M; no long-term debt; working capital $6.1M; stockholders' equity $46.5M.
- Direct operating costs down >60% YoY; G&A down 18% YoY; operating loss reduces to lowest since Q3 2022.
- Kartoon Channel! streaming achieved profitability in Q1 2024; 4.9-star Apple rating, ahead of Disney+.
- Greenlit projects expected to generate >$40M revenue; new AI initiative using Nvidia Omniverse launched.
- Stan Lee Universe expands: Amazon store, VeVe collectibles partnership, YouTube channel hits 300K subscribers.

## SEC filing metadata
- accession: 0001355848-24-000072
- form_type: 8-K
- ticker: TOON
- cik: 0001355848
- company_name: Kartoon Studios, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1355848/000135584824000072/0001355848-24-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1355848/000135584824000072/toon-20240515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001355848-24-000072
- JSON: https://secwatch.observer/filing/0001355848-24-000072.json
- Plain text: https://secwatch.observer/filing/0001355848-24-000072.txt

## Key facts
- Earnings Releases
  Kartoon Studios, Inc. updated its first quarter ended March 31, 2024 guidance (reaffirmed).
  - Period: first quarter ended March 31, 2024
  - Guidance: reaffirmed
  - Result: reported results
  source text: On May 15, 2024, Kartoon Studios, Inc. (the “Company”) issued an earnings release announcing, among other things, the Company’s operational highlights for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1355848/000135584824000072/0001355848-24-000072-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.