Dolphin Entertainment, Inc. (DLPN) Reports FY17 EPS Loss of $0.20 on Revenues of $22.4M

Note: EPS may not be comparable

Dolphin Entertainment, Inc. (NASDAQ: DLPN) reported FY17 EPS Loss of $0.20 on revenues of $22.4 million.

Full Year 2017 Highlights

• Revenue of $22.4 million, up from $9.4 million as compared to the prior year.
• Operating loss of $1.1 million compared to an operating loss of $17.7 million in the prior year.
• Net income of $6.9 million, compared to a net loss of $37.2 million in the prior year.
• On a pro-forma basis, revenue was $27.1 million, the operating loss was $0.1 million and net income was $8.6 million. Financial information presented on a pro-forma basis assumes that the acquisition of 42West occurred on January 1, 2017 instead of March 30, 2017.
• On December 21, 2017 uplisted to NASDAQ.
• On December 26, 2017 announced the closing of a public offering with gross proceeds of $5,011,875.
• Acquired PR Powerhouse, 42West, on March 30, 2017 in a $28 million all-stock transaction.
• Named as agency of record for an online social media and social networking service with more than 2 billion monthly users, committing as much as $1 billion to original content in 2018.
• In July 2017, Joe Quenqua joined as a managing director. The former Disney executive is expected to expand the company\'s offerings in digital content and live events.

For earnings history and earnings-related data on Dolphin Entertainment, Inc. (DLPN) click here.

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