IDW Publishing parent company IDW Media Holdings continues a busy March, following the closure of a $12.3 million private placement whose proceeds will go towards “expansion of its intellectual property (IP) library, development and growth of its entertainment slate and for general corporate purposes,” with the release of its first quarter fiscal year 2020 results today. The report included the following points:
• A first quarter net loss per share of $(0.91) on revenue of $14.1 million for the three months ended January 31, 2020.
• IDW Publishing, home to comics including Transformers (2019), Transformers: Galaxies and the My Little Pony / Transformers Friendship in Disguise! mini-series, posting increased revenue from $5.8 million in 4Q19 to $6.3 million in 1Q20.
• Goals remaining from the fourth quarter and full fiscal year (FY) 2019 report: IDW currently anticipates that the company and each of its three segments will operate profitably in FY 2021, along with the intention to apply to list Class B common stock on the NYSE.
Jump into the full press release here, then join in the discussion on the 2005 boards!
Dire 51
In fairness, the entire market is down. Just wait til October or November… it'll likely be even further down, much like what we witnessed in 2007. That'll be a good time to buy.
lordsmurf
One observation I have is that they're not really losing any share value during the recent stock drops. So I wonder if they're already hit the floor? Not that the stock really has volume activity anyway. Any investor that had any interest was probably already scared away by their the numbers.
In the grand scheme of things, IDWM is really an unknown nobody. Nobody really buys, sell, or even notices. We only do at this site because we're TF fans. But it's also odd that we care, as IDWM doesn't hold the property, Hasbro does.
Meanwhile, Hasbro stock …. yeesh. Down from $90 exactly one month ago to $45 today. A 50% drop.
Hans
For sure. I hope things will get better for them, but…. Yeah. A tiny profit one quarter does not stack up to losing major money since at least Q1 2019.
lordsmurf
Their annual financials are terrible. A good quarter won't fix a bad year (and it really wasn't even a good quarter).
sold some private stock (B shares) to raise more capital
no P/E (no guidance/forecast), even pre-virus
-4 EPS, pays no dividends for 3+ years now (ie, almost always a bad sign)
50M debt with only 60M revenue, -25M EDIBTA, -42% profit … again, all pre-virus
IDW MEDIA HOLDINGS (IDWM) Stock Price, Quote, History & News – Yahoo Finance
IDW Media Holdings Inc.
Publishing comics is sadly a money pit now. Being profitable within 2 years seems unlikely. More likely would be a non-losing TV division that acts as the slush fund to prop up the comics/publishing creativity that has provided some fodder for TV. Circular, somewhat like DC and Marvel. Spend money to make money. The comics also spawn many other licensed products. TF is owned by Hasbro, so I'm honestly not sure what the upside is for IDW.
A good current 5-year-old thread: IDWM – IDW Media Holdings Inc.
Acquisition is always possible.
Hans
Ah, thanks! I missed the link earlier. So in the same quarter last year the publishing department alone was making a 1.5m loss…. Ouch. Glad they finally became profitable again this quarter, no matter how small. Hope they can keep this up. We are talking about people's jobs here after all.
justiceg
Profit is listed alongside revenue in the minutia accompanying the press release itself (it’s not in the summary).
And hard agreement on your last point!
Hans
I don't see them mentioning profit though, just revenue. Profit = revenue minus total expenses. In any case, they'll be getting money from me again next month when Guido Guidi returns in TF 1984
justiceg
This certainly sounds like your level of priorities, all right.
TheLastBlade
You may get your wish sooner
BigRed
Please, die IDW! I need to win an internet argument and if you die it means I win!
justiceg
The fact that both revenue and profit for the publishing area are up from the previous quarter (seen in the listings buried in the press release). Maybe “well” is too strong but “better” certainly makes sense.
Novaburnhilde
What exactly gives you that impression?
Gryph
Interesting that IDW Publishing seems to be doing well.
D15M45
GOOD HANDS
misfire19d
“general corporate purposes” = keep the lights on
AzT
IDW Media Holdings: Closes $12.3 Million Private Placement, Releases First Quarter Fiscal Year 2020 Results – Transformers News – TFW2005