secwatch.observer — SEC 8-K summary
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Issuer:     ALLIANCE ENTERTAINMENT HOLDING CORP (AENT)
CIK:        0001823584
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0001493152-24-037200
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823584/000149315224037200/0001493152-24-037200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823584/000149315224037200/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-037200

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