Dolphin Entertainment (NASDAQ:DLPN – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.12), FiscalAI reports. The company had revenue of $12.80 million for the quarter, compared to analysts’ expectations of $13.60 million. Dolphin Entertainment had a negative net margin of 5.45% and a negative return on equity of 34.96%.
Here are the key takeaways from Dolphin Entertainment’s conference call:
- Dolphin reported Q1 revenue up 5.2% year over year to $12.8 million, reflecting continued top-line growth despite the seasonally weak first quarter.
- The company said adjusted EBITDA loss improved 25% to about $467,000, indicating better operating efficiency and improving profitability trends.
- Management highlighted several growth catalysts, including a DealMaker partnership expected to launch its first deal later this year and potentially produce multiple six-figure deals annually.
- Dolphin announced a new publishing imprint venture with Copper Books and Simon & Schuster, saying it requires no capital from Dolphin and could generate 15% of relevant revenue, making it a capital-light opportunity.
- Management reiterated a longer-term free cash flow thesis, citing about $127 million of NOL carryforwards plus future savings from expiring leases and debt maturity that could meaningfully boost cash flow over time.
Dolphin Entertainment Stock Down 1.1%
Shares of DLPN stock traded down $0.02 during mid-day trading on Wednesday, hitting $1.40. The company’s stock had a trading volume of 26,308 shares, compared to its average volume of 34,091. Dolphin Entertainment has a 52-week low of $0.99 and a 52-week high of $1.88. The business has a 50-day moving average price of $1.52 and a 200 day moving average price of $1.58. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $17.45 million, a price-to-earnings ratio of -4.98 and a beta of 1.96.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on DLPN
Institutional Inflows and Outflows
An institutional investor recently raised its position in Dolphin Entertainment stock. Renaissance Technologies LLC lifted its holdings in Dolphin Entertainment, Inc. (NASDAQ:DLPN – Free Report) by 25.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,400 shares of the company’s stock after purchasing an additional 9,500 shares during the quarter. Renaissance Technologies LLC owned 0.39% of Dolphin Entertainment worth $74,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 8.87% of the company’s stock.
Dolphin Entertainment Company Profile
Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.
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