Alliance Entertainment swings to FY2024 net income of $4.6M from $35.4M loss; EBITDA turns positive $24.3M

ALLIANCE ENTERTAINMENT HOLDING CORP

Net revenue $1.10B (down 5% YoY); gross profit $128.9M (+24% YoY), margin 270bps improvement to 11.7%.
Net income $4.6M vs net loss $35.4M in FY2023; Adjusted EBITDA $24.3M vs -$17.6M, a $41.9M improvement.
Direct-to-Consumer sales rose to 36% of gross revenue from 31%; inventory reduced to $97M from $147M.
Revolver balance cut 45% to $73M; new $120M credit facility with White Oak Commercial Finance secured.
Q4 net income $2.6M vs loss $4.6M; Q4 Adjusted EBITDA $2.1M.

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