Reservoir Media Inc
For the period ended Sep 30, 2024. Filed Oct 30, 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.
Sep 30, 2024 · Filed Oct 30, 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 INCOME (LOSS)
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · Three Months Ended September 30, · Six Months Ended September 30, | ||||||||||||
| · 2024 · 2023 · 2024 · 2023 | ||||||||||||
| Revenues | | $40,667,393 | | $38,397,300 | | $74,984,236 | | $70,233,886 | ||||
| Costs and expenses: | | | | | | | | | | | | |
| Cost of revenue | | | 14,831,371 | | | 14,442,666 | | | 28,112,487 | | | 27,914,263 |
| Amortization and depreciation | | | 6,430,019 | | | 6,214,540 | | | 12,814,776 | | | 12,270,108 |
| Administration expenses | | 9,283,977 | | 11,595,004 | | 18,973,414 | | 20,759,504 | ||||
| Total costs and expenses | | 30,545,367 | | 32,252,210 | | 59,900,677 | | 60,943,875 | ||||
| | | | | | | | | | | | | |
| Operating income | | 10,122,026 | | 6,145,090 | | 15,083,559 | | 9,290,011 | ||||
| | | | | | | | | | | | | |
| Interest expense | | (4,960,408) | | (5,759,506) | | (10,019,806) | | (10,493,039) | ||||
| Loss on foreign exchange | | (36,348) | | (40,156) | | (95,811) | | (70,092) | ||||
| (Loss) gain on fair value of swaps | | | (5,126,907) | | | 628,091 | | | (5,617,202) | | | 2,473,478 |
| Other income (expense), net | | 1,033 | | 474 | | (98,489) | | 536 | ||||
| (Loss) income before income taxes | | (604) | | 973,993 | | (747,749) | | 1,200,894 | ||||
| Income tax (benefit) expense | | (152,593) | | 291,638 | | (446,561) | | 353,986 | ||||
| Net income (loss) | | | 151,989 | | | 682,355 | | | (301,188) | | | 846,908 |
| Net loss (income) attributable to noncontrolling interests | | | 33,026 | | | (146,965) | | | 139,548 | | | (34,185) |
| Net income (loss) attributable to Reservoir Media, Inc. | | $185,015 | | $535,390 | | $(161,640) | | $812,723 | ||||
| | | | | | | | | | | | | |
| Earnings (loss) per common share (Note 13): | | | | | | | | | | | | |
| Basic | | $— | | $0.01 | | $— | | $0.01 | ||||
| Diluted | | $— | | $0.01 | | $— | | $0.01 | ||||
| | | | | | | | | | | | | |
| Weighted average common shares outstanding (Note 13): | | | | | | | | | | | | |
| Basic | | | 65,186,357 | | | 64,783,974 | | | 65,079,114 | | | 64,684,082 |
| Diluted | | | 65,837,273 | | | 65,085,654 | | | 65,079,114 | | | 65,031,488 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In U.S. dollars)
| · · · · · · · · · · · · | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended September 30, · · Six Months Ended September 30, | |||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||
| Net income (loss) | | $151,989 | | $682,355 | | $(301,188) | | $846,908 | |||
| Other comprehensive income (loss): | | | | | | | | | |||
| Translation adjustments | | 3,755,405 | | (2,198,433) | | 3,790,257 | | (1,058,957) | |||
| Total comprehensive income (loss) | | 3,907,394 | | (1,516,078) | | 3,489,069 | | (212,049) | |||
| Comprehensive loss (income) attributable to noncontrolling interests | | 33,026 | | (146,965) | | 139,548 | | (34,185) | |||
| Total comprehensive income (loss) attributable to Reservoir Media, Inc. | | $3,940,420 | | $(1,663,043) | | $3,628,617 | | $(246,234) | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.