JAKKS PACIFIC INC
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
JAKK$36.39+2.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Income
(In thousands, except per share data)
| Three Months Ended June 30, (Unaudited) | Six Months Ended June 30, (Unaudited) | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $148,619 | $166,933 | $238,695 | $274,417 |
| Cost of sales: | ||||
| Cost of goods | 76,599 | 86,156 | 130,420 | 144,460 |
| Royalty expense | 22,394 | 27,279 | 36,170 | 43,933 |
| Amortization of tools and molds | 2,041 | 2,300 | 3,468 | 3,389 |
| Cost of sales | 101,034 | 115,735 | 170,058 | 191,782 |
| Gross profit | 47,585 | 51,198 | 68,637 | 82,635 |
| Direct selling expenses | 6,255 | 3,980 | 14,352 | 11,721 |
| General and administrative expenses | 33,594 | 30,677 | 67,786 | 58,671 |
| Depreciation and amortization | 93 | 93 | 180 | 195 |
| Selling, general and administrative expenses | 39,942 | 34,750 | 82,318 | 70,587 |
| Income (loss) from operations | 7,643 | 16,448 | (13,681) | 12,048 |
| Loss from joint ventures | — | (565) | — | (565) |
| Other income (expense), net | 72 | 38 | 210 | 476 |
| Change in fair value of preferred stock derivative liability | — | (6,022) | — | (5,875) |
| Loss on debt extinguishment | — | (1,023) | — | (1,023) |
| Interest income | 88 | 86 | 464 | 203 |
| Interest expense | (256) | (1,302) | (399) | (4,305) |
| Income (loss) before provision for (benefit from) income taxes | 7,547 | 7,660 | (13,406) | 959 |
| Provision for (benefit from) income taxes | 2,281 | 1,478 | (4,447) | 95 |
| Net income (loss) | 5,266 | 6,182 | (8,959) | 864 |
| Net income (loss) attributable to non-controlling interests | — | (273) | 280 | (278) |
| Net income (loss) attributable to Jakks Pacific, Inc. | $5,266 | $6,455 | $(9,239) | $1,142 |
| Net income (loss) attributable to common stockholders | $5,266 | $6,082 | $(7,909) | $402 |
| Earnings (loss) per share - basic | $0.49 | $0.62 | $(0.75) | $0.04 |
| Shares used in earnings (loss) per share - basic | 10,801 | 9,871 | 10,577 | 9,871 |
| Earnings (loss) per share - diluted | $0.47 | $0.58 | $(0.75) | $0.04 |
| Shares used in earnings (loss) per share - diluted | 11,245 | 10,532 | 10,577 | 10,428 |
| Comprehensive income (loss) | $5,150 | $7,311 | $(9,640) | $2,325 |
| Comprehensive income (loss) attributable to JAKKS Pacific, Inc. | $5,150 | $7,584 | $(9,920) | $2,603 |
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