---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-002238"
form_type: "8-K"
ticker: "TOON"
cik: "0001355848"
company_name: "Kartoon Studios, Inc."
filed_at: "2024-04-09T23:59:59+00:00"
generated_at: "2026-06-04T00:51:01.109942+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "medium"
source: SEC EDGAR
---

# Kartoon Studios Q4 revenue $8.8M; costs slashed 70% YoY; $3.5M annual savings identified

## Summary
- Q4 2023 revenue $8.8M; full year $44.1M; current assets $57.1M, working capital $11.5M.
- Direct operating costs reduced >70% YoY and 54% sequentially in Q4 2023.
- Additional $3.5M in annualized cost savings identified, to be implemented in 2024.
- Kartoon Channel! paid subscriber base grew 19% in 2023; streaming arm achieved break-even operating income.
- Mainframe Studios pipeline projects projected to generate >$40M in revenue; Beacon Media Q4 revenue up 16% YoY.

## SEC filing metadata
- accession: 0001683168-24-002238
- form_type: 8-K
- ticker: TOON
- cik: 0001355848
- company_name: Kartoon Studios, Inc.
- filed_at: 2024-04-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1355848/000168316824002238/0001683168-24-002238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1355848/000168316824002238/kartoon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-002238
- JSON: https://secwatch.observer/filing/0001683168-24-002238.json
- Plain text: https://secwatch.observer/filing/0001683168-24-002238.txt

## Key facts
- Earnings Releases
  Kartoon Studios, Inc. reported financial results for the fourth quarter and year ended December 31, 2023.
  - Period: the fourth quarter and year ended December 31, 2023
  - Result: reported results
  source text: On April 9, 2024, Kartoon Studios, Inc. (the “Company”) issued an earnings release announcing, among other things, the Company’s operational highlights for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1355848/000168316824002238/0001683168-24-002238-index.htm

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