secwatch.observer — SEC 8-K summary
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Issuer:     Kartoon Studios, Inc. (TOON)
CIK:        0001355848
Form:       8-K
Filed at:   2026-08-14T13:05:37+00:00
Accession:  0001683168-26-006406
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kartoon Studios Q2 net income $27M on $39.2M litigation gain; revenue down 44% to $5.8M
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- Q2 revenue $5.8M vs $10.3M prior year (-44%); operating loss $3.4M vs $3.2M prior year.
- Net income $27.0M vs $(6.3M) loss prior year, driven by $39.2M non-recurring litigation settlement gain.
- Ended quarter with $40.5M cash/marketable securities, no long-term debt; additional $39.2M in escrow pending legal fees.
- Signed Amazon Prime distribution deal for Hundred Acre Wood (Winnie-the-Pooh), launching Feb 18, 2027 with Shop the Show program.
- Sold Frederator channel network in July, retaining IP (Castlevania, Bee and Puppycat); appointed Brooke Bacon SVP Consumer Products.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355848/000168316826006406/0001683168-26-006406-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355848/000168316826006406/kartoon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-006406

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer