IDW held a short call for a short revenue yesterday following the release of the annual report. This is very long for those who want to dig into such a thing. Most of the news was positive in terms of deceleration of losses. The profits were basically flat -the $ 26.7 million in 2023 was $ 26.4 million in 2024. However, operating costs have been reduced by more than $ 4 million, causing a net loss of $ 1,395,000 from a loss of $ 4,928,000 in 2023. Belt tightening work. (ICV2 has more analysis here.)
Davidi Jonas asked some questions from investors, including positive statements in the report that Diamond bankruptcy could affect IDW. At this time, it cannot be estimated and states that there is a substantial suspicion of the ability of the company that continues as a continuous concern. “
Jonas responded to “several chat and confusion from a diamond’s point of view”, but “I don’t feel IDW management is a big risk as a continuous concern. In the next few days, we. We hope to re -revise the financial, and to provide additional information and additional clarity in cooperation with the auditors.
The auditors who created the report were not yet clear whether IDW was on the Money Diamond OWS PRH hook.
As of June 2022, the company was no longer distributed via diamonds, but the diamond remains the client of the Distributor Pengin Landum House (“PRH”). PRH is a diamond creditor related to IDW products distributed by PRH through Diamond. The PRH pays IDW to the IDW product ordered by Diamonds, and as a result of diamond bankruptcy, PRH may not be able to collect all of the Diamond’s PRH or the corresponding amount. PRH states that their understanding of the conditions related to the contract between IDW and PRH will be deducted from PRH to PRH to IDW for future payments. IdW indicates that in unofficial. IDW has not received formal communication or decisive claims from PRH. Idw at this time does not evaluate the PRH at this time the amount of money for future payments to IDW, such a potential amount of deployment, or the possibility of exposing the timing of such a debt. IDW also has its own evaluation of the relevant contract and the rights and duty of the parties involved in the current situation. At the time of the date of this report, the potential impact cannot be determined, but it may have a significant negative effect on future financial results and cash positions. The company works to minimize the impact as possible.
Other places in the annual report stated that IDW had cash for $ 7,432,000 and $ 17,772,000.
At the early stage of the call, Jonas states: Diamonds as a proportion of company revenue are important, but not existing. We probably have an impact, but it’s too early to tell how important it is. “
He says, “I think other stores and retailers will be able to buy products for other stores and retailers.”
A question in the field on the left asked if Jonas would consider getting an aftershock that applied for bankruptcy in late 2022. He said he thought about it, but not. In response to another question, he stated that he was likely to sign Globalcomix as a digital distributor.
IDW Entertainment continues to work on media with four active developments.
● Kill lock by Amazon Content Service
● Dungeon with eerie photos/dizziness entertainment
● Reactivated nature with Mexico -based major animation studio animastadios
● Delicate with Warner Brothers TV Studios
At one point, Jonas was asked to explain the general media landscape. He continued, “I think the media landscape has evolved a lot almost every day, but in the past five years, and I think it will be a TAILWINDS, and I think it will present an IDW opportunity at the same time. I think the comic industry is the perfect place to talk about the new story. The above is a short -form video, saying, “I have never seen a subscription model of a short form, a company with successful play, but they can be opened. We are short format. We have a gap in the market, which is a storyteller that promotes a storyteller.
“At the same time, our central focus is to continue to achieve outstanding as a manga and graphic novel publisher, but at the same time to open the mind and day.”
Nobody asked about tariffs because they were on hold just before the phone.
(Jonus quote is edited to clarify.)
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