Kartoon Studios Inc

For the period ended Dec 31, 2023. Filed Apr 9, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 9, 2024

TOON$0.51+1.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations

(in thousands, except share and per share data)

	Year Ended December 31,
	2023	2022
Revenues:
Production Services	$26,799	$29,620
Content Distribution	11,872	24,747
Licensing & Royalties	475	2,841
Media Advisory & Advertising Services	4,939	5,091
Total Revenues	44,085	62,299
Operating Expenses:
Marketing and Sales	2,651	1,834
Direct Operating Costs	40,399	49,360
General and Administrative	35,324	45,851
Impairment of Property and Equipment	134	–
Impairment of Intangible Assets	4,413	4,117
Impairment of Goodwill	33,534	4,857
Total Operating Expenses	116,455	106,019
Loss from Operations	(72,370)	(43,720)
Interest Expense	(3,126)	(2,329)
Other Income (Expense), net	(2,679)	1,625
Loss Before Income Tax Benefit (Expense)	(78,175)	(44,424)
Income Tax Benefit (Expense)	973	(105)
Net Loss	(77,202)	(44,529)
Net (Income) Loss Attributable to Non-Controlling Interests	99	(1,066)
Net Loss Attributable to Kartoon Studios, Inc.	$(77,103)	$(45,595)
Net Loss per Share (Basic)	$(2.29)	$(1.45)
Net Loss per Share (Diluted)	$(2.29)	$(1.45)
Weighted Average Shares Outstanding (Basic)	33,672,305	31,388,277
Weighted Average Shares Outstanding (Diluted)	33,672,305	31,388,277

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.