secwatch.observer — SEC 8-K summary
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Issuer:     Kartoon Studios, Inc. (TOON)
CIK:        0001355848
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001683168-24-008030
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355848/000168316824008030/0001683168-24-008030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355848/000168316824008030/kartoon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-008030

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