Highest-materiality recent filing
Alliance Entertainment Q3 revenue up 21% to $258M; net income rises 25%
Net revenue $258.2M (+21% YoY); net income $2.3M ($0.05/diluted share, +25% YoY).
Alliance Entertainment Q2 FY2026: Net income $9.4M, Adj. EBITDA $18.5M
Net income $9.4M ($0.18/share) vs $7.1M ($0.14/share) in Q2 FY25.
Alliance Entertainment Q1 FY2026: Revenue up 11% to $254M, Adj EBITDA up 259%
Net revenue increased 11% YoY to $254M; gross margin expanded 340 bps to 14.6%.
Alliance Entertainment closes new $120M credit facility with Bank of America, replacing prior debt
New 5-year senior secured revolving credit facility for $120M; $68.5M drawn at closing, $51.5M undrawn.
FY25 net income $15.1M ($0.30 diluted EPS) up 229% from $4.6M ($0.09); Adj. EBITDA $36.5M +51% YoY.
Alliance Ent. Q2 rev $393.7M, net income $7.1M; Paramount exclusive license, Handmade by Robots buy
Net revenues $393.7M vs $425.6M YoY; net income $7.1M ($0.14 diluted EPS) vs $8.9M ($0.18) including $2.5M warrant expense.
Net revenue $1.10B (down 5% YoY); gross profit $128.9M (+24% YoY), margin 270bps improvement to 11.7%.
Received Nasdaq deficiency notice on July 25, 2024 for failing to hold annual meeting by June 30, 2024.
Nasdaq notified on Jan 5, 2024 that AENT's closing bid price was below $1.00 for 30 consecutive trading days.
Alliance Entertainment closes new $120M senior secured credit facility with White Oak
New 3-year $120M asset-based revolving credit facility matures December 21, 2026; replaces existing Bank of America revolver.
John Kutch terminated as CFO and resigned from board on Oct 24, 2023, as part of a workforce reduction.
Alliance extends credit to Dec 31, 2023; gets $10M sub note; waives defaults
Credit facility termination date extended to December 31, 2023; new debt, liens, distributions restricted.
Alliance Entertainment closes $4M public offering and secures $17M credit line from chairman
Alliance Entertainment closed public offering of 1,335,000 shares at $3.00/share for $4M gross proceeds; underwriter has 45-day option for 200,250 additional shares.
Alliance Entertainment Q3 net loss $7.8M vs prior-year income; revenue down 29%
Q3 FY2023 net revenues $227.7M, down 29% from $320.4M in prior-year quarter.
Amendment No. 12 waives defaults for missing Fixed Charge Coverage Ratio for Nov 2022–Feb 2023 and other breaches.
Alliance Entertainment reports H1 FY2023 net loss of $23M; revenue down 18%; going concern warning
Six-month revenue $683.9M vs $831.6M prior year; net loss $23.0M vs net income $29.5M.
Alliance Entertainment closes de-SPAC with 99.1% public redemption; $1.7M trust left; credit default
99.1% of Adara public shares redeemed for ~$116.6M; only 167,170 Class A shares remain outstanding.
Adara Acquisition Corp. shareholders vote to approve Alliance Entertainment business combination
Shareholders approved the Business Combination with Alliance Entertainment; votes: 11,188,846 FOR, 1,139,717 AGAINST.
Adara Acquisition reports ~99% shareholder redemptions; business combination with Alliance at risk
Stockholders submitted redemptions for ~11.39M of 11.5M Class A shares (99%+).
Adara removes financial projections from merger investor presentation with Alliance
Updated investor presentation filed; all projections removed and withdrawn by Alliance.
Adara Acquisition Corp. to merge with Alliance Entertainment at $475M enterprise value
Alliance shareholders receive Adara Class A shares based on $475M valuation; earn-out up to 60M contingent shares at $20/$30/$50 targets.
CEO Sumichrast resigns amid SEC fraud allegations; Thomas Finke appointed CEO
Sumichrast resigned as CEO and director on June 1, 2022, following SEC fraud allegations.
Adara Acquisition restates financials for 2021, citing IPO proceeds classification error
Audit Committee concluded audited balance sheet as of Feb 11, 2021 and Q1-Q3 2021 financials should no longer be relied upon.
On April 25, 2025, Thomas Finke advised the Board of Directors of Alliance Entertainment Holding Corporation (the “Company”) that he is resigning as a director of the Company effective May 1, 2025.
Warwick Goldby to the position on Chief Operations Officer
appointed (i) Amanda Gnecco to the position of Chief Accounting Officer
Robert Black to the position of Chief Compliance Officer
the Board appointed Jeffrey Walker, the Company’s Chief Executive Officer, to replace Mr. Kutch as Chief Financial Officer and the Company’s Principal Financial and Accounting Officer.
Mr. Kutch resigned from his position as a member of the Board of Directors of the Company (the “Board”).
John Kutch’s employment as the Chief Financial Officer of Alliance Entertainment Holding Corporation (the “Company”) was terminated as part of a workforce reduction
On April 30, 2023, the Board appointed John Kutch, the Company’s Chief Financial Officer, to fill the vacancy created by Mr. Eibeler’s resignation.
On April 28, 2023, Paul Eibeler resigned from his position as a member of the Board of Directors of the Company.
On June 1, 2022, Martin A. Sumichrast resigned as Chief Executive Officer and a director of Adara Acquisition Corp.
the Board of Directors of the Company appointed Thomas Finke as Chief Executive Officer
On June 1, 2022, Martin A. Sumichrast resigned as Chief Executive Officer and a director of Adara Acquisition Corp.
Max materiality 1.00 · Median 0.60 · Most common event other_material