secwatch.observer — SEC 8-K summary
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Issuer:     Playboy, Inc. (PLBY)
CIK:        0001803914
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001803914-24-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PLBY Group reports Q4 revenue $39.4M; net loss $3.8M; adj. EBITDA positive $1.1M; amends credit facility
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- Q4 revenue $39.4M down 12% YoY; net loss from continuing ops $9.6M incl. $8.3M impairments.
- Full-year revenue $143.0M down 23% YoY; net loss from continuing ops $186.4M incl. $154.9M impairments.
- Adjusted EBITDA $1.1M in Q4 (vs. -$2.6M) and -$7.3M for full year (vs. -$4.5M).
- Credit facility amended: total net leverage covenant replaced with $7.5M minimum cash balance until Q2 2026.
- China: terminated two largest licensing agreements; sued former licensee for $140M due under agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803914/000180391424000018/0001803914-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803914/000180391424000018/ply-20240327.htm
  HTML page:      https://secwatch.observer/filing/0001803914-24-000018

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