secwatch.observer — SEC 8-K summary
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Issuer:     Kartoon Studios, Inc. (TOON)
CIK:        0001355848
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001355848-24-000115
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355848/000135584824000115/0001355848-24-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355848/000135584824000115/toon-20240814.htm
  HTML page:      https://secwatch.observer/filing/0001355848-24-000115

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