Kartoon Studios Q2 revenue $8.4M, up 38% QoQ; net loss cut 61% YoY; no debt; targets 2025 profitability

Kartoon Studios, Inc.

2024-Q2 EPS reported -$0.35 revenue$14,462,000

Revenue $8.4M in Q2 2024, up 38% from Q1 2024; net loss reduced 61% vs Q2 2023.
Direct operating costs down 39% YoY; operating loss down 46% for Q2 2024 vs Q2 2023.
Kartoon Channel profitable since Q1 2024; Amazon Prime subscribers up 120% YoY; available in 69 countries.
$30M non-dilutive JV from Catalyst Partners funds 104-episode Winnie-the-Pooh series and holiday specials.
No long-term debt; current assets $38.8M; management aims for profitability by 2025.

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