IDW Media Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2023
June 13, 2023
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IDW Media Holdings, Inc. reported earnings results for the second quarter and six months ended April 30, 2023. For the second quarter, the company reported sales was USD 5.49 million compared to USD 6.05 million a year ago. Net loss was USD 1.93 million compared to USD 2.25 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to USD 0.17 a year ago.
For the six months, sales was USD 12.08 million compared to USD 17.9 million a year ago. Net loss was USD 3.93 million compared to USD 0.264 million a year ago. Basic loss per share from continuing operations was USD 0.3 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.3 compared to USD 0.02 a year ago.
IDW Media Holdings, Inc. is an integrated media company providing compelling stories and characters for global audiences. The Company's segments include IDW Publishing (IDWP) and IDW Entertainment (IDWE). IDWP is a publishing company that creates comic books, graphic novels and digital content through its imprints IDW, Top Shelf Productions and Artists Editions. IDWE is a production company and studio that develops, produces and distributes content based on IDWP original, copyrighted intellectual property (IP), published in the form of comic books, graphic novels and any other forms of print publication, for a variety of formats, including film and television. Its comics and graphic novels are primarily distributed through three channels: to comic book specialty stores; to traditional retail outlets, including bookstores and mass market stores, on a returnable basis, and to e-book distributors. IDWP publications are available digitally through a range of distributors.