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NEWS

Dolphin Q3 Revenue Increases 24.5% YoY to $12.7M, Reports Adjusted Operating Income of $0.5M and Highlights Market Valuation Disconnect
Positive
Revenue growth of 24.5% YoY to $12.7M in Q3 2024
Adjusted operating income of $0.5M vs loss of $0.8M in Q3 2023
Nine-month revenue increase of 26.6% to $39.4M
Strategic acquisition of profitable Elle Communications
Cash position of $6.6M as of September 30, 2024
Negative
Net loss increased to $8.7M in Q3 2024
Goodwill impairment charge of $6.5M
Write-off of notes receivable of $1.3M
Operating loss widened to $8.2M from $2.1M YoY
Cash decreased from $7.6M to $6.6M since December 2023
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