Kartoon Studios Q3 revenue $8.7M; operating costs down 57% YoY, loss slashed 80%

Kartoon Studios, Inc.

2024-Q3 EPS reported -$0.40 revenue$23,170,000

Revenue of $8.7M for Q3 2024; sequential growth of 4% from Q2 2024; nine-month revenue $23.2M.
Direct operating costs reduced 57% YoY; G&A down 40% YoY; loss from operations cut 80% YoY after impairments.
No long-term debt; current assets $37.2M; working capital $3.5M; stockholders' equity $42.8M.
Mainframe Studios has over 145 episodes in production for Netflix, Disney, Sony, Spinmaster; pipeline through 2027.
Kartoon Channel! now on 18 platforms, profitable; global footprint of 1.5B viewers; expanded to India, UK, Italy.

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