Dolphin Reports Record Q2 Revenue of $11.4 Million; H1 2024 Delivers $26.7 Million Revenue and $0.9 Million Adjusted Operating Income
Dolphin Reports Record Q2 Revenue of $11.4 Million; H1 2024 Delivers $26.7 Million Revenue and $0.9 Million Adjusted Operating Income
MIAMI, FL / ACCESSWIRE / August 14, 2024 / Dolphin (NASDAQ:DLPN), a leading entertainment marketing and premium content production company, announces its financial results for the second quarter ended June 30, 2024.
2024年6月30日结束的第二季度,领先的娱乐营销和高端内容制作公司Dolphin (NASDAQ: DLPN) 宣布其财务业绩。
Bill O'Dowd, CEO of Dolphin Entertainment commented:
Dolphin Entertainment的CEO Bill O'Dowd评论说:
"Dolphin achieved record Q2 revenues this year, setting a solid foundation to exceed $50 million in annual revenues and deliver full year positive Adjusted Operating Income-the key financial metric by which we measure ourselves, and the one that we believe truly reflects our value creation. We are lining up for a strong second half of the year, with the acquisition of Elle Communications to concentrate our work in the Impact PR space, and our anticipated launch of a sports company to complement our market-leading position in entertainment. Furthermore, we expect to close on our next Ventures opportunity, continuing our strategy of generating immediate service revenues while amassing equity stakes typically without capital deployment, positioning us for potentially significant returns as our portfolio grows and matures.
"Dolphin在今年Q2实现创纪录的营业收入,为超过5000万美元的年度收入打下了坚实基础,同时交付全年的调整后营业收益——我们衡量自己的主要财务指标,我们相信这真正反映了我们的价值创造。我们正在为今年下半年打造强劲的局面,收购Elle Communications专注于冲击公共关系领域,预计推出一家体育公司来补充我们在娱乐领域的领先地位。此外,我们预计将关闭下一个Ventures机会,继续制定立即产生服务收入的策略,同时积累出资权益通常不需要资本投入,为我们的组合增长成熟提供可能的显着回报。简而言之,我们认为我们的纪录是对收入和调整后运营利润目标的实质性进展,以及新的垂直扩张、提供选择权的Ventures战略,所有这些都使我们处于持续增长、盈利和成功的有利地位。"
In summary, we believe that our record results provide solid progress towards our Revenue and Adjusted Operating Income goals which, along with new vertical expansion, and our Ventures strategy providing optionality, all together position us well for sustained growth, profitability and success."
总之,我们认为我们的纪录结果为我们在收入和调整后运营利润目标方面的稳步进展提供了坚实的基础,再加上新的垂直拓展以及我们的Ventures策略提供选择性,这些共同使我们处于持续增长、盈利和成功的良好地位。
Q2 2024 and Recent Highlights
2024年6月30日及近期亮点
Total revenue for the quarter ended June 30 2024 was $11.4 million, an increase of 4% over the same period in 2023.
Operating loss of $1.1 million for the quarter ended June 30, 2024 as compared to an operating loss of $7.5 million for the quarter ended June 30, 2023. Operating loss of $0.9 million for the six months ended June 30, 2024 as compared to an operating loss of $10.0 million for the six months ended June 30, 2023.
Adjusted operating loss(1) of $0.1 million for the three months ended June 30, 2024 and $0.05 million for the three months ended June 30, 2023. Adjusted operating income of $0.9 million for the six months ended June 30, 2024 as compared to adjusted operating loss of $1.9 million for the six months ended June 30, 2023.
Operating expenses for the second quarter of 2024 were $12.6 million, including depreciation and amortization of $0.6 million and goodwill impairment of $0.2 million. Operating expense for the second quarter of 2023 were $18.5 million, including depreciation and amortization of $0.5 million and goodwill impairment of $6.5 million.
Net loss for the quarter was $1.6 million including depreciation and amortization of $0.5 million, goodwill impairment of $0.2 million and interest expense of $0.5 million. Net loss for the same period in prior year was $8.0 million including depreciation and amortization of $0.5 million, goodwill impairment of $6.5 million, interest expense of $0.5 million and equity losses in unconsolidated affiliates of $0.1 million.
Loss per share was $0.08 per share based on 19.4 million weighted average shares for basic loss per share and 19.6 million weighted average shares for diluted loss per share for the three months ended June 30, 2024. Loss per share was $0.60 per share based on 13.2 million weighted average shares outstanding for both basic loss per share and fully diluted loss per share for the three months ended June 30, 2023.
Cash and cash equivalents of $9.8 million as of June 30, 2024, as compared to $7.6 million as of December 31, 2023.
截至2024年6月30日的季度总收入为1140万美元,比2023年同期增长4%。
2024年6月30日季度的营业亏损为110万美元,而2023年6月30日季度的营业亏损为750万美元。截至2024年6月30日的六个月的营业亏损为90万美元,而2023年6月30日的六个月的营业亏损为1000万美元。
2024年6月30日三个月的调整后营业亏损为10万美元,而2023年6月30日三个月的调整后营业亏损为5万美元。截至2024年6月30日的六个月的调整后营业收益为90万美元,而截至2023年6月30日的六个月的调整后营业亏损为190万美元。
2024年第二季度的营业费用为1260万美元,包括折旧和摊销费用的60万美元以及商誉减值费用的20万美元。而2023年第二季度的营业费用为1850万美元,包括折旧和摊销费用的50万美元以及商誉减值费用的650万美元。
该季度净亏损为160万美元,包括折旧和摊销费用的50万美元,商誉减值费用的20万美元和利息费用的50万美元。而去年同期的净亏损为800万美元,包括折旧和摊销费用的50万美元,商誉减值费用的650万美元,利息费用的50万美元以及在未纳入合并联营企业中的权益损失的10万美元。
2024年6月30日三个月加权平均每股基本亏损为0.08美元,加权平均每股摊薄亏损为0.08美元,基于1940万股的基本亏损每股和1960万股的摊薄亏损每股计算。而2023年6月30日三个月每股亏损为0.60美元,基于1320万股的基本亏损每股和完全摊薄亏损每股计算。
截至2024年6月30日,现金及现金等价物为980万美元,而截至2023年12月31日为760万美元。
(1)The Company has provided adjusted operating income information that has not been prepared in accordance with GAAP. This measure is defined below in the section "Use of non-GAAP measures."
(1)公司提供了未按照美国通用会计准则准备的调整后营业收益信息。此指标在"非GAAP措施使用"一节中定义。
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Ventures
Dolphin's film, "Blue Angels" crossed a box office milestone and debuted at #1 on Prime Video over the Memorial Day holiday frame. The film's one week IMAX run grossed $2,082,327 at the box office, including a Top 10 debut with $1,404,820 on its opening weekend.
Launched the first product developed by Dolphin in partnership with one of the A-list celebrities on its talent rosters: Staple Gin, a recipe-driven spirit created by Rachael Ray and crafted in New York's Catskills region. Staple Gin, which won Double Gold and a 96 point rating at the 15th Annual New York International Spirits Competition, is now available nationally via e-commerce at and in New York State at bars, restaurants and retail destinations via Southern Glazer's Wine & Spirits, with additional markets to follow. Southern Glazer's Wine & Spirits is the world's preeminent distributor of beverage alcohol.
Announced the selection of Oak View Group (OVG), a global leader in venue development, management, premium hospitality services and 360-degree solutions, for the management of operations at Mastercard Midnight Theater.
Later in the year, we expect to make the announcement of the first of Dolphin's owned or co-owned live events, to occur in late 2024 or in 2025.
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42West
Elle Communications, a leading PR agency specializing in social and environmental impact has been added as a new division following its acquisition by Dolphin Entertainment.
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Led multiple award-winning campaigns at the 2024 Tribeca Festival.
Client wins included Best Performance in a U.S. Narrative Feature and Best Screenplay in an International Narrative Feature.
Premiered HBO's new documentary feature "Wise Guy: David Chase and The Sopranos" directed by Alex Gibney.
Fandoms & Franchises spearheaded campaigns for three triple AAA video games-- Funko Fusion, Alien: Rogue Incursion and MultiVersus.
Supported world premiere of "Megalopolis," the new feature from longtime client Francis Ford Coppola, and GKIDS' "Ghost Cat Anzu," at the 77th Cannes Film Festival.
Championed clients at the 2024 Television Upfronts. Clients receiving renewals including: "The Boys," "Conan O'Brien Must Go," "The Conners," and "Lopez vs. Lopez." Additionally, Discovery's "Shark Week" revealed that John Cena will host this year's iteration of the programming event.
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Shore Fire Media
Dave Matthews Band was successfully nominated for induction into the Rock & Roll Hall of Fame
Kylie Minogue made Time Magazine's esteemed TIME 100 list of the 100 most influential people in the world for 2024
Warren Zeiders won Breakthrough Male Video of the Year at the 2024 CMT Awards for his chart-topping hit "Pretty Little Poison," and Brittney Spencer brought the house down performing with Parker Mccollum.
Announced the promotion of five of its staff to key leadership positions - reflecting the company's growth and expanding roster of artists, brands, businesses, talent, creators, events and more since its acquisition by Dolphin Entertainment.
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The Door
Promoted the launch of Newman's Own "Pay What You Want" pizza truck, with all proceeds benefiting the Newman's Own Foundation.
Four Twenty Five, a Jean-Georges Restaurant, became one of the newest additions to Michelin Guide.
Supported Carbone Fine Food's Launch of 'The Sales Rep' Jacket, the first piece of an exclusive capsule collection, available for a limited time.
Dolphin Entertainment partnered with Rachael Ray, long-time client of The Door, as creative marketing partner for her new Staple Gin. Staple Gin launched in May 2024 with Do Good Spirits, leveraging The Door's expertise in marketing wines, spirits, and culinary brands.
Staple Gin landed a spot on Vine Pair's "30 Best Gins in the World," receiving a rating of 94 - the highest score received.
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The Digital Dept.
Executed a comprehensive influencer strategy for Crocs' latest product line, the Getaway Sandals, garnering more than 5 million impressions, a reach of 3.9 million, 248,000 engagements, and over 13,000 link clicks.
Selected to join Ulta Beauty's 2024 Beauty Collective, to enhance brand visibility and drive business growth.
TDD talents Mariyah and Peter Gerber launched their new clothing collection The Match Me Boutique on Amazon.
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Special Projects
Made its mark on the CHANELTribeca Festival Arts Dinner, featuring Robert De Niro, Blake Lively, Jude Law, Trevor Noah and Katie Holmes.
Supported Infatuation's EatsCon L.A., presented by Chase Sapphire, with Sofia Vergara, Nicole Byer, and Chrissy Teigen.
Led an incredible night at the Peabody Awards with an star-studded lineup that included Billy Crystal, JJ Abrams, Kumail Nanjiani, Lilly Singh, Mel Brooks, Regina King, and Rose Byrne.
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企业
Dolphin的电影"蓝色天使"在阵亡将士纪念日假期档期上映,突破了电影票房里程碑,并在Prime Video上首次亮相。该电影在IMAX上一周的放映在电影票房上收入2082327美元,其中包括开片周末的1404820美元,排名前十名。
Dolphin与其艺人名单中的A-list著名人士合作推出的第一个产品,Staple Gin,是由Rachael Ray创作、并在纽约卡茨基尔斯地区制作的一款食谱驱动烈酒。该产品在第15届纽约国际烈酒竞赛中获得双重金牌和96分的评分,现已在全国范围内通过e-commerce购买,在纽约州的酒吧、餐厅和零售目的地可以通过Southern Glazer's Wine & Spirits购买,其他市场也会跟进。Southern Glazer's Wine & Spirits是全球最重要的饮料酒精饮料分销商。
宣布选择Oak View Group (OVG) 为万事达午夜剧院的运营管理公司,OVG是全球场馆开发、管理、高端医疗服务和360度解决方案的领导者。
在今年晚些时候,我们预计将宣布Dolphin拥有或共同拥有的首个现场活动,将在2024年底或2025年进行。
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42West
Elle Communications作为一个专门从事社会和环境影响的公共关系机构,已被Dolphin Entertainment收购并作为新的业务部门加入。
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在2024年Tribeca电影节上领导了多次获奖活动。
获胜客户包括美国叙事特色最佳表现奖和国际叙事特色最佳剧本奖。
HBO首播了由Alex Gibney执导的新纪录片"Wise Guy: David Chase和The Sopranos"。
粉丝和品牌引领了3款AAA级电子游戏的广告活动——Funko Fusion、Alien: Rogue Incursion和MultiVersus。
在第77届戛纳电影节上支持作者Francis Ford Coppola的新作品"Megalopolis"和GKIDS的"Ghost Cat Anzu"的全球首映。
在2024年电视Upfronts上支持客户。即将续订的节目包括:"The Boys," "Conan O'Brien Must Go," "The Conners" 和 "Lopez vs. Lopez"。此外,Discovery的" Shark Week "透露约翰·塞纳将主持今年的节目活动。
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Shore Fire Media
Dave Matthews Band成功入选了摇滚名人堂。
Kylie Minogue入选了时代杂志2024年全球100位最有影响力的人物之一。
Warren Zeiders凭借他的热门单曲"Pretty Little Poison"获得了2024年CMT男性突破艺人奖,而Brittney Spencer则与Parker Mccollum同台表演,炸场了。
宣布将公司的五名员工晋升为关键领导人,反映了公司在Dolphin Entertainment收购以来的发展和扩展艺术家、品牌、企业、人才、创作者、活动等方面的范畴。
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门
推广Newman's Own的“按您所愿支付”的比萨卡车,所有收益将捐赠至Newman's Own基金会。
Four Twenty Five是Michelin Guide最新的餐厅之一。
支持Carbone Fine Food推出'The Sales Rep'夹克,这是一个独家套装系列的第一件衣服,限时供应。
Dolphin Entertainment与The Door的长期客户Rachael Ray合作,成为她新的Staple Gin的创意营销合作伙伴。 Staple Gin与Do Good Spirits于2024年5月推出,利用The Door在营销葡萄酒、烈酒和烹饪品牌方面的专业知识。
Staple Gin入选了Vine Pair的"30 Best Gins in the World",获得了94分的最高评分。
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数字服务部门。
执行了全面的影响者策略,为Crocs最新的产品线Getaway Sandals赢得了500万次印象、390万次到达、24.8万次互动和13000多次链接点击。
被选为ulta美容2024美容收藏中心的成员,以增强品牌知名度和推动业务增长。
TDD的Mariyah和Peter Gerber在亚马逊上推出了他们的新时装品牌"The Match Me Boutique"。
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特别项目
作为CHANELTribeca Festival艺术晚宴的重头戏,特邀罗伯特·德尼罗、布莱克·莱弗利、裘德·洛、特雷弗·诺亚和凯蒂·霍尔姆斯参与。
赞助Infatuation举办的由Chase Sapphire主办的EatsCon L.A活动,现场邀请索菲亚·维加拉,妮可·拜尔和克里西·提根等名人参与。
在Peabody奖颁奖典礼上展现了令人惊叹的夜晚,众星云集,包括比利·克里斯特尔、JJ·艾布拉姆斯、库梅尔·南贾尼、莉莉·辛格、梅尔·布鲁克斯、蕾吉娜·金和罗斯·拜恩。
Conference Call Information
To participate in this event, dial in approximately 5 to 10 minutes before the beginning of the call.
电话会议信息
要参加此活动,请在通话开始前约5到10分钟拨打电话。
Date: August 14, 2024
Time: 4:30pm ET.
Toll Free: 877-545-0320 International: 973-528-0002 Participant Access Code: 630741
Webcast:
日期:2024年8月14日
时间:美国东部时间下午4:30。
免费电话:877-545-0320 国际电话:973-528-0002 参与者接入代码:630741
网络直播:
Replay
Toll Free: 877-481-4010 International: 919-882-2331 Replay Passcode: 51040
Webcast Replay:
重播
免费电话:877-481-4010 国际电话:919-882-2331 回放密码:51040
网络研讨会回放:
About Dolphin
有关Dolphin
Dolphin (Nasdaq:DLPN), founded in 1996 by Bill O'Dowd, has evolved from its origins as an Emmy-nominated television, digital, and feature film content producer to a company with three dynamic divisions: Dolphin Entertainment, Dolphin Marketing, and Dolphin Ventures.
Dolphin (Nasdaq:DLPN)成立于1996年,创始人 Bill O'Dowd,始终致力于为观众制作出优秀的电视、数字内容和电影。如今 Dolphin 成为了拥有三个不同部分的综合性公司:Dolphin Entertainment、Dolphin Marketing 和 Dolphin Ventures。
Dolphin Entertainment: This legacy division, where it all began, has a rich history of producing acclaimed television shows, digital content, and feature films. With high-profile partnerships like IMAX and notable projects including "The Blue Angels," Dolphin Entertainment continues to set the standard in quality storytelling and innovative content creation.
Dolphin Entertainment : 从这里开始,Dolphin 的传统部分就拥有制作备受瞩目的电视节目、数字内容和电影的丰富历史。凭借 IMAX 等高调合作伙伴以及知名项目《 蓝色天使》, Dolphin Entertainment 在优质故事叙述和创新的内容制作方面不断推出新标准。
Dolphin Marketing: Established in 2017, this division has become a powerhouse in public relations, influencer marketing, branding strategy, talent booking, and special events. Comprising top-tier companies such as 42West, The Door, Shore Fire, Special Projects, and The Digital Dept., Dolphin Marketing serves a wide range of industries, from entertainment, music and sports to hospitality, fashion and consumer products.
Dolphin 市场部门:该部门成立于2017年,已经成为公共关系、影响营销、品牌策略、人才预定和特别活动的重要代名词。Dolphin Marketing 包括 42West、The Door、Shore Fire、Special Projects 和 The Digital Dept.等顶级公司。Dolphin Marketing 服务于广泛的行业,从娱乐业、音乐和体育到酒店业、时装和消费品。
Dolphin Ventures: This division leverages Dolphin's best-in-class cross-marketing acumen and business development relationships to create, launch and/or accelerate innovative ideas and promising products, events and content in our areas of expertise. Key ventures include collaborations with Rachael Ray for Staple Gin and Mastercard Midnight Theatre. The company is actively exploring new projects in AI, beauty, and sports.
Dolphin Ventures:该部门利用 Dolphin 业内最好的跨界营销知识和业务发展关系,为我们的专业领域创建、推出和/或加速创新想法、有效产品、事、内容等。主要项目包括与 Rachael Ray 合作的 Staple Gin 和 Mastercard Midnight Theatre。公司正在积极探索 AI、美容和体育等新项目。
This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may address, among other things, Dolphin Entertainment Inc.'s offering of common stock as well as expected financial and operational results and the related assumptions underlying its expected results. These forward-looking statements are distinguished by the use of words such as "will," "would," "anticipate," "expect," "believe," "designed," "plan," or "intend," the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict, and accordingly, Dolphin Entertainment's actual results may differ materially from the results discussed in its forward-looking statements. Dolphin Entertainment's forward-looking statements contained herein speak only as of the date of this press release. Factors or events Dolphin Entertainment cannot predict, including those described in the risk factors contained in its filings with the Securities and Exchange Commission, may cause its actual results to differ from those expressed in forward-looking statements. Although Dolphin Entertainment believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Dolphin Entertainment undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.
本新闻稿包含《私人证券诉讼改革法案》(Private Securities Litigation Reform Act)规定的"前瞻性声明"。这些前瞻性声明可能涉及Dolphin Entertainment Inc.的普通股发行以及预期的财务和业务结果,以及与其预期结果相关的假设。这些前瞻性声明的表达方式包括"将要","会","预期","相信","设计","计划"或"打算"等词汇,这些词汇的否定形式,以及对未来时期的类似引用。这些观点涉及难以预测的风险和不确定性,因此,Dolphin Entertainment的实际结果可能与其前瞻性声明中讨论的结果有所不同。Dolphin Entertainment此处包含的前瞻性声明仅在新闻稿发布之日有效。Dolphin Entertainment无法预测的因素或事件(包括其提交给证券交易委员会的风险因素中所描述的因素)可能导致其实际结果与前瞻性声明中表达的结果有所不同。虽然Dolphin Entertainment认为其前瞻性声明所反映的期望是基于合理的假设,但它不能保证其期望会实现。Dolphin Entertainment除适用法律规定外,不承担公开更新任何前瞻性声明的义务,即使由于新信息、未来事件或其他原因需要更新也是如此。
Contact:
联系方式:
James Carbonara/Hayden IR
(646)-755-7412
james@haydenir.com
James Carbonara/Hayden IR
(646)-755-7412
james@haydenir.com
DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
DOLPHIN ENTERTAINMENT, INC.及其附属公司
简明合并资产负债表
(未经审计)
June 30, 2024 |
December 31, 2023 |
|||||||
ASSETS |
||||||||
Current |
||||||||
Cash and cash equivalents |
$ |
8,718,975 |
$ |
6,432,731 |
||||
Restricted cash |
1,127,960 |
1,127,960 |
||||||
Accounts receivable: |
||||||||
Trade, net of allowance of $1,499,842 and $1,456,752, respectively |
7,707,126 |
5,817,615 |
||||||
Other receivables |
4,469,209 |
6,643,960 |
||||||
Notes receivable |
1,135,000 |
- |
||||||
Other current assets |
606,964 |
701,335 |
||||||
Total current assets |
23,765,234 |
20,723,601 |
||||||
Capitalized production costs, net |
538,231 |
2,295,275 |
||||||
Employee receivable |
908,085 |
796,085 |
||||||
Right-of-use asset |
4,638,274 |
5,599,736 |
||||||
Goodwill |
25,211,206 |
25,220,085 |
||||||
Intangible assets, net |
10,147,970 |
11,209,664 |
||||||
Property, equipment and leasehold improvements, net |
148,630 |
194,223 |
||||||
Other long-term assets |
216,305 |
216,305 |
||||||
Total Assets |
$ |
65,573,935 |
$ |
66,254,974 |
2024年6月30日 |
2023年12月31日 |
|||||||
资产 |
||||||||
当前 |
||||||||
现金及现金等价物 |
$ |
8,718,975 |
$ |
6,432,731 |
||||
受限现金 |
1,127,960 |
1,127,960 |
||||||
应收账款: |
||||||||
交易,扣除1,499,842美元和1,456,752美元的准备金 |
7,707,126 |
5,817,615 |
||||||
其他应收款 |
4,469,209 |
6,643,960 |
||||||
应收票据 |
1,135,000 |
- |
||||||
其他资产 |
606,964 |
701,335 |
||||||
总流动资产 |
23,765,234 |
20,723,601 |
||||||
资本化制作成本,扣除 |
538,231 |
2,295,275 |
||||||
员工应收款 |
908,085 |
796,085 |
||||||
租赁权资产 |
4,638,274 |
5,599,736 |
||||||
商誉 |
25,211,206 |
25,220,085 |
||||||
无形资产, 净额 |
10,147,970 |
11,209,664 |
||||||
固定资产和租赁改良,净额 |
148,630 |
194,223 |
||||||
其他长期资产 |
216,305 |
216,305 |
||||||
总资产 |
$ |
65,573,935 |
$ |
66,254,974 |
LIABILITIES |
||||||||
Current |
||||||||
Accounts payable |
$ |
3,196,441 |
$ |
6,892,349 |
||||
Term loan, current portion |
1,023,468 |
980,651 |
||||||
Notes payable, current portion |
3,900,000 |
3,500,000 |
||||||
Revolving line of credit |
400,000 |
400,000 |
||||||
Accrued interest - related party |
1,763,779 |
1,718,009 |
||||||
Accrued compensation - related party |
2,625,000 |
2,625,000 |
||||||
Lease liability, current portion |
1,959,835 |
2,192,213 |
||||||
Deferred revenue |
851,402 |
1,451,709 |
||||||
Other current liabilities |
10,290,241 |
7,694,114 |
||||||
Total current liabilities |
26,010,166 |
27,454,045 |
||||||
Term loan, noncurrent portion |
3,979,052 |
4,501,963 |
||||||
Notes payable |
2,980,000 |
3,380,000 |
||||||
Convertible notes payable |
5,100,000 |
5,100,000 |
||||||
Convertible note payable at fair value |
290,000 |
355,000 |
||||||
Loan from related party |
3,217,873 |
1,107,873 |
||||||
Lease liability |
3,220,449 |
4,068,642 |
||||||
Deferred tax liability |
329,510 |
306,691 |
||||||
Warrant liability |
- |
5,000 |
||||||
Other noncurrent liabilities |
18,915 |
18,915 |
||||||
Total Liabilities |
45,145,965 |
46,298,129 |
||||||
STOCKHOLDERS' EQUITY |
||||||||
Preferred Stock, Series C, $0.001 par value, 50,000 shares authorized, 50,000 shares issued and outstanding at June 30, 2024 and December 31, 2024 |
1,000 |
1,000 |
||||||
Common stock, $0.015 par value, 200,000,000 shares authorized, 20,196,416 and 18,219,531 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively |
302,947 |
273,293 |
||||||
Additional paid-in capital |
155,686,452 |
153,293,756 |
||||||
Accumulated deficit |
(135,562,429) | (133,611,204 |
||||||
Total Stockholders' Equity |
20,427,970 |
19,956,845 |
||||||
Total Liabilities and Stockholders' Equity |
$ |
65,573,935 |
$ |
66,254,974 |
负债 |
||||||||
当前 |
||||||||
应付账款 |
$ |
3,196,441 |
$ |
6,892,349 |
||||
到期贷款,流动部分 |
1,023,468 |
980,651 |
||||||
应付票据,短期部分 |
约定 |
3,500,000 |
||||||
循环授信额度 |
400,000 |
400,000 |
||||||
应计利息-关联方 |
1,763,779 |
1,718,009 |
||||||
关联方应计工资 |
2,625,000 |
2,625,000 |
||||||
租赁负债,流动部分 |
1,959,835 |
2,192,213 |
||||||
递延收入 |
851,402 |
1,451,709 |
||||||
其他流动负债 |
10,290,241 |
7,694,114 |
||||||
流动负债合计 |
26,010,166 |
27,454,045 |
||||||
长期贷款,非流动部分 |
3,979,052 |
4,501,963 |
||||||
应付票据 |
2,980,000 |
3,380,000 |
||||||
可转换票据应付款项 |
5,100,000 |
5,100,000 |
||||||
公允价值计量的可转换债券负债 |
290,000 |
355,000 |
||||||
相关方贷款 |
3,217,873 |
1,107,873 |
||||||
租赁负债 |
3,220,449 |
4,068,642 |
||||||
递延所得税负债 |
329,510 |
306,691 |
||||||
认股权负债 |
- |
5,000 |
||||||
其他非流动负债 |
18,915 |
18,915 |
||||||
总负债 |
45,145,965 |
46,298,129 |
||||||
股东权益 |
||||||||
C类优先股,每股面值0.001美元,共计50,000股已授权,截至2024年6月30日和2024年12月31日已发行并流通的股份为50,000股。 |
1,000 |
1,000 |
||||||
普通股,每股面值0.015美元,共计2亿股已授权,截至2024年6月30日和2023年12月31日已发行并流通的股份分别为20,196,416股和18,219,531股。 |
302,947 |
273,293 |
||||||
额外实收资本 |
155,686,452 |
153,293,756 |
||||||
累积赤字 |
(135,562,429) | (133,611,204 |
||||||
股东权益总计 |
20,427,970 |
19,956,845 |
||||||
负债和股东权益总计 |
$ |
65,573,935 |
$ |
66,254,974 |
DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
DOLPHIN ENTERTAINMENT, INC.及其附属公司
经简化的合并利润及损失表
(未经审计)
Three Months Ended
June 30,
|
Six Months Ended
June 30,
|
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
Revenues |
$ |
11,449,089 |
$ |
11,024,935 |
$ |
26,684,981 |
$ |
20,916,356 |
||||||||
Expenses: |
||||||||||||||||
Direct costs |
216,247 |
217,245 |
2,535,474 |
436,141 |
||||||||||||
Payroll and benefits |
9,195,018 |
8,677,493 |
18,769,269 |
17,732,223 |
||||||||||||
Selling, general and administrative |
1,864,852 |
2,005,286 |
3,841,843 |
3,877,223 |
||||||||||||
Depreciation and amortization |
555,694 |
543,939 |
1,108,797 |
1,077,035 |
||||||||||||
Impairment of goodwill |
190,565 |
6,517,400 |
190,565 |
6,517,400 |
||||||||||||
Change in fair value of contingent consideration |
- |
17,741 |
- |
33,226 |
||||||||||||
Legal and professional |
546,178 |
496,570 |
1,193,959 |
1,259,847 |
||||||||||||
Total expenses |
12,568,554 |
18,475,674 |
27,639,907 |
30,933,095 |
||||||||||||
Loss from operations |
(1,119,465) | (7,450,739) | (954,926) | (10,016,739) | ||||||||||||
Other (expenses) income: |
||||||||||||||||
Change in fair value of convertible note |
40,000 |
4,000 |
65,000 |
(6,444) | ||||||||||||
Change in fair value of warrants |
- |
5,000 |
5,000 |
5,000 |
||||||||||||
Interest income |
731 |
103,104 |
6,600 |
205,121 |
||||||||||||
Interest expense |
(522,184) | (452,637) | (1,025,821) | (808,507) | ||||||||||||
Total other (expenses) income, net |
(481,453) | (340,533) | (949,221) | (604,830) | ||||||||||||
Loss before income taxes and equity in losses of unconsolidated affiliates |
(1,600,918) | (7,791,272) | (1,904,147) | (10,621,569) | ||||||||||||
Income tax expense |
(23,540) | (33,086) | (47,079) | (60,184) | ||||||||||||
Net loss before equity in losses of unconsolidated affiliates |
(1,624,458) | (7,824,358) | (1,951,226) | (10,681,753) | ||||||||||||
Equity in losses of unconsolidated affiliates |
- |
(134,886) | - |
(246,811) | ||||||||||||
Net loss |
$ |
(1,624,458) | $ |
(7,959,244) | $ |
(1,951,226) | $ |
(10,928,564) | ||||||||
Loss per share: |
||||||||||||||||
Basic |
$ |
(0.08) | $ |
(0.60) | $ |
(0.10) | $ |
(0.85) | ||||||||
Diluted |
$ |
(0.08) | $ |
(0.60) | $ |
(0.10) | $ |
(0.85) | ||||||||
Weighted average number of shares outstanding: |
||||||||||||||||
Basic |
19,446,310 |
13,212,311 |
18,962,067 |
12,926,273 |
||||||||||||
Diluted |
19,574,187 |
13,212,311 |
19,089,944 |
12,926,273 |
三个月之内结束
2020年6月30日
|
销售额最高的六个月
2020年6月30日
|
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
收入 |
$ |
11,449,089 |
$ |
11,024,935 |
$ |
26,684,981 |
$ |
20,916,356 |
||||||||
费用: |
||||||||||||||||
直接成本 |
Allspring Wells Fargo Core Special INTL SM CP I |
217,245 |
2,535,474 |
436,141 |
||||||||||||
工资和福利 |
9,195,018 |
8,677,493 |
18,769,269 |
17,732,223 |
||||||||||||
销售、一般及行政费用 |
1,864,852 |
2,005,286 |
3,841,843 |
3,877,223 |
||||||||||||
折旧和摊销 |
555,694 |
543,939 |
1,108,797 |
1,077,035 |
||||||||||||
商誉减值 |
190,565 |
6,517,400 |
190,565 |
6,517,400 |
||||||||||||
应计可变对价公允价值变动 |
- |
17,741 |
- |
33,226 |
||||||||||||
法律和专业服务费用 |
546,178 |
496,570 |
1,193,959 |
1,259,847 |
||||||||||||
总支出 |
12,568,554 |
18,475,674 |
27,639,907 |
30,933,095 |
||||||||||||
经营亏损 |
(1,119,465) | (7,450,739) | (954,926) | (10,016,739) | ||||||||||||
其他(支出)收入: |
||||||||||||||||
可转换债券公允价值变动 |
40,000 |
4,000 |
65,000 |
(6,444) | ||||||||||||
认股证公允价值变动 |
- |
5,000 |
5,000 |
5,000 |
||||||||||||
利息收入 |
731 |
103,104 |
6,600 |
205,121 |
||||||||||||
利息费用 |
(522,184) | (452,637) | (1,025,821) | (808,507) | ||||||||||||
其他(费用)收益,净额 |
(481,453) | (340,533) | (949,221) | (604,830) | ||||||||||||
未纳入合并经营的附属公司的损失 |
(1,600,918) | (7,791,272) | (1,904,147) | (10,621,569) | ||||||||||||
所得税费用 |
(23,540) | (33,086) | (47,079) | (60,184) | ||||||||||||
未合并关联公司净亏损 |
(1,624,458) | (7,824,358) | (1,951,226) | (10,681,753) | ||||||||||||
未纳入合并范围公司损失的权益 |
- |
(134,886) | - |
(246,811) | ||||||||||||
净亏损 |
$ |
(1,624,458) | $ |
(7,959,244) | $ |
(1,951,226) | $ |
(10,928,564) | ||||||||
每股亏损: |
||||||||||||||||
基本 |
$ |
(0.08) | $ |
(0.60) | $ |
(0.10) | $ |
(0.85) | ||||||||
摊薄 |
$ |
(0.08) | $ |
(0.60) | $ |
(0.10) | $ |
(0.85) | ||||||||
加权平均股本: |
||||||||||||||||
基本 |
19,446,310 |
13,212,311 |
18,962,067 |
12,926,273 |
||||||||||||
摊薄 |
19,574,187 |
13,212,311 |
19,089,944 |
12,926,273 |
Use of Non-GAAP Financial Measures
使用非 GAAP 财务指标
In order to provide greater transparency regarding our operating performance, the financial results in this press release refer to a non-GAAP financial measure that involves adjustments to GAAP results. Non-GAAP financial measures exclude certain income and/or expense items that management deems are not directly attributable to the Company's core operating results and/or certain items that are inconsistent in amounts and frequency, making it difficult to perform a meaningful evaluation of our current or past operating performance.
为了提高公司运营表现的透明度,在本新闻稿中,财务业绩采用一项排除GAAP结果的非GAAP财务指标。非GAAP财务指标不包含经营管理层认为不直接归于公司核心经营业绩的某些收入和/或支出项目以及某些数额和频率不一的项目,这使得难以进行有效的现有或过去业务表现评估。
Adjusted operating income or loss is defined by Dolphin as (loss) income from operations before: (i) depreciation and amortization, (ii) write-off of assets, (iii) impairment of goodwill or intangible assets, (iv) acquisition costs, (v) employee stock compensation, (vi) change in fair value of contingent consideration, (vii) bad debt expense and (viii) and impairment of capitalized production costs.
Dolphin按以下方式定义调整后的营业收益或(损失):(i)折旧和摊销,(ii)资产减值准备,(iii)商誉或无形资产减值,(iv)收购成本,(v)员工股票补偿,(vi)应计考虑价值变化,(vii)坏账费用和(viii)和资本化生产成本的减值。
Management believes that the presentation of operating results using this non-GAAP financial measure provides useful supplemental information for investors by providing them with the non-GAAP financial measure used by management for financial and operational decision making, planning and forecasting and in managing the business. This non-GAAP financial measure does not replace the presentation of financial information in accordance with U.S. GAAP financial results, should not be considered a measure of liquidity and is unlikely to be comparable to non-GAAP financial measures provided by other companies.
本管理层认为,使用这个非GAAP财务指标展示营运业绩,为投资者提供了有用的补充信息,为他们提供了由管理层用于财务和运营决策、规划和预测和业务管理的非GAAP财务指标。这个非GAAP财务指标不代替按照美国GAAP财务结果展示财务信息,不应视为流动性指标,也不太可能与其他公司提供的非GAAP财务指标相可比。
Reconciliation of GAAP loss from operations to non-GAAP income from operations
按美国通用会计原则规定的营业亏损和调整后营业收益的对账单
Three Months Ended
June 30,
|
Six Months Ended
June 30,
|
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
Revenues (GAAP) |
$ |
11,449,089 |
$ |
11,024,935 |
$ |
26,684,981 |
$ |
20,916,356 |
||||||||
Expenses: |
||||||||||||||||
Direct costs |
216,247 |
217,245 |
2,535,474 |
436,141 |
||||||||||||
Payroll and benefits |
9,195,018 |
8,677,493 |
18,769,269 |
17,732,223 |
||||||||||||
Selling, general and administrative |
1,864,852 |
2,005,286 |
3,841,843 |
3,877,223 |
||||||||||||
Depreciation and amortization |
555,694 |
543,939 |
1,108,797 |
1,077,035 |
||||||||||||
Impairment of goodwill |
190,565 |
6,517,400 |
190,565 |
6,517,400 |
||||||||||||
Change in fair value of contingent consideration |
- |
17,741 |
- |
33,226 |
||||||||||||
Legal and professional |
546,178 |
496,570 |
1,193,959 |
1,259,847 |
||||||||||||
Total expenses (GAAP) |
12,568,554 |
18,475,674 |
27,639,907 |
30,933,095 |
||||||||||||
Loss from operations (GAAP) |
(1,119,465) | (7,450,739) | (954,926) | (10,016,739) | ||||||||||||
Adjustments to GAAP measure: |
||||||||||||||||
Depreciation and amortization |
555,694 |
543,939 |
1,108,797 |
1,077,035 |
||||||||||||
Bad debt expense |
82,959 |
179,253 |
286,980 |
255,032 |
||||||||||||
Impairment of goodwill |
190,565 |
6,517,400 |
190,565 |
6,517,400 |
||||||||||||
Change in fair value of contingent consideration |
- |
17,741 |
- |
33,226 |
||||||||||||
Stock compensation |
153,291 |
139,648 |
259,052 |
214,289 |
||||||||||||
Adjusted (Loss) income from operations (non-GAAP) |
(136,956) | (52,758) | 890,468 |
(1,919,757) |
三个月之内结束
2020年6月30日
|
销售额最高的六个月
2020年6月30日
|
|||||||||||||||
2024 |
2023 |
2024 |
2023 |
|||||||||||||
营收(按照通用会计准则) |
$ |
11,449,089 |
$ |
11,024,935 |
$ |
26,684,981 |
$ |
20,916,356 |
||||||||
费用: |
||||||||||||||||
直接成本 |
Allspring Wells Fargo Core Special INTL SM CP I |
217,245 |
2,535,474 |
436,141 |
||||||||||||
工资和福利 |
9,195,018 |
8,677,493 |
18,769,269 |
17,732,223 |
||||||||||||
销售、一般及行政费用 |
1,864,852 |
2,005,286 |
3,841,843 |
3,877,223 |
||||||||||||
折旧和摊销 |
555,694 |
543,939 |
1,108,797 |
1,077,035 |
||||||||||||
商誉减值 |
190,565 |
6,517,400 |
190,565 |
6,517,400 |
||||||||||||
应计可变对价公允价值变动 |
- |
17,741 |
- |
33,226 |
||||||||||||
法律和专业服务费用 |
546,178 |
496,570 |
1,193,959 |
1,259,847 |
||||||||||||
总费用(按照GAAP) |
12,568,554 |
18,475,674 |
27,639,907 |
30,933,095 |
||||||||||||
营业亏损(通用会计准则) |
(1,119,465) | (7,450,739) | (954,926) | (10,016,739) | ||||||||||||
调整GAAP指标: |
||||||||||||||||
折旧和摊销 |
555,694 |
543,939 |
1,108,797 |
1,077,035 |
||||||||||||
坏账费用 |
82,959 |
179,253 |
286,980 |
255,032 |
||||||||||||
商誉减值 |
190,565 |
6,517,400 |
190,565 |
6,517,400 |
||||||||||||
应计可变对价公允价值变动 |
- |
17,741 |
- |
33,226 |
||||||||||||
保修准备金 |
153,291 |
139,648 |
259,052 |
214,289 |
||||||||||||
调整后的(亏损)营业收入(非GAAP) |
(136,956) | (52,758) | 890,468 |
(1,919,757) |
SOURCE: Dolphin Entertainment, Inc.
来源:Dolphin Entertainment, Inc。