Reservoir Media Inc
For the period ended Dec 31, 2023. Filed Feb 7, 2024.
View on SEC.govAbout this filing
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.
Dec 31, 2023 · Filed Feb 7, 2024
RSVR$10.29-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements
Item 1. Interim Financial Statements.
CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · Three Months Ended December 31, · Nine Months Ended December 31, · | |||||||||||||
| · 2023 · 2022 · 2023 · 2022 · | |||||||||||||
| Revenues | | $35,476,172 | | $29,931,413 | | $105,710,058 | | $87,475,894 | | ||||
| Costs and expenses: | | | | | | | | | | | | | |
| Cost of revenue | | | 13,221,974 | | | 11,750,296 | | | 41,136,237 | | | 35,665,462 | |
| Amortization and depreciation | | | 6,342,918 | | | 5,546,301 | | | 18,613,026 | | | 16,292,145 | |
| Administration expenses | | 9,389,344 | | 8,035,758 | | 30,148,848 | | 23,031,248 | | ||||
| Total costs and expenses | | 28,954,236 | | 25,332,355 | | 89,898,111 | | 74,988,855 | | ||||
| | | | | | | | | | | | | | |
| Operating income | | 6,521,936 | | 4,599,058 | | 15,811,947 | | 12,487,039 | | ||||
| | | | | | | | | | | | | | |
| Interest expense | | (5,372,285) | | (4,098,910) | | (15,865,324) | | (10,579,788) | | ||||
| Loss on early extinguishment of debt | | | — | | | (914,040) | | | — | | | (914,040) | |
| Gain (loss) on foreign exchange | | 264 | | 56,973 | | (69,828) | | 337,659 | | ||||
| (Loss) gain on fair value of swaps | | | (4,247,523) | | | (179,573) | | | (1,774,045) | | | 4,323,207 | |
| Other income (expense), net | | (990,488) | | 43 | | (989,952) | | 90 | | ||||
| (Loss) income before income taxes | | (4,088,096) | | (536,449) | | (2,887,202) | | 5,654,167 | | ||||
| Income tax (benefit) expense | | (1,226,649) | | 3,529,984 | | (872,663) | | 5,217,691 | | ||||
| Net (loss) income | | | (2,861,447) | | | (4,066,433) | | | (2,014,539) | | | 436,476 | |
| Net income attributable to noncontrolling interests | | | (101,612) | | | (340,190) | | | (135,797) | | | (230,127) | |
| Net (loss) income attributable to Reservoir Media, Inc. | | $(2,963,059) | | $(4,406,623) | | $(2,150,336) | | $206,349 | | ||||
| | | | | | | | | | | | | | |
| (Loss) earnings per common share (Note 13): | | | | | | | | | | | | | |
| Basic | | $(0.05) | | $(0.07) | | $(0.03) | | $— | | ||||
| Diluted | | $(0.05) | | $(0.07) | | $(0.03) | | $— | | ||||
| | | | | | | | | | | | | | |
| Weighted average common shares outstanding (Note 13): | | | | | | | | | | | | | |
| Basic | | | 64,826,026 | | | 64,379,536 | | | 64,731,569 | | | 64,316,532 | |
| Diluted | | | 64,826,026 | | | 64,379,536 | | | 64,731,569 | | | 64,765,381 | |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
(In U.S. dollars)
| · · · · · · · · · · · · | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended December 31, · · Nine Months Ended December 31, | |||||||||||
| · 2023 · 2022 · 2023 · 2022 | |||||||||||
| Net (loss) income | | $(2,861,447) | | $(4,066,433) | | $(2,014,539) | | $436,476 | |||
| Other comprehensive income (loss): | | | | | | | | | |||
| Translation adjustments | | 2,384,683 | | 4,652,084 | | 1,325,726 | | (5,283,489) | |||
| Total comprehensive (loss) income | | (476,764) | | 585,651 | | (688,813) | | (4,847,013) | |||
| Comprehensive income attributable to noncontrolling interests | | (101,612) | | (340,190) | | (135,797) | | (230,127) | |||
| Total comprehensive (loss) income attributable to Reservoir Media, Inc. | | $(578,376) | | $245,461 | | $(824,610) | | $(5,077,140) | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.