Kartoon Studios, Inc. (TOON)

From the record

Kartoon Studios, Inc.'s filings since 2017 show 19 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 6 times, the latest 2023-11-14); a warning not to rely on past financial statements (8-K item 4.02, the latest 2024-04-09); an auditor change (8-K item 4.01, 3 times, the latest 2024-01-30); a late-report notice (Form NT 10-K or NT 10-Q, 9 times, the latest 2024-04-01) (its current reports).

From the record

Kartoon Studios, Inc.'s 10 filed years say what it did: revenue went from $908 thousand in fiscal 2015 to $39 million in fiscal 2025, up 45.8% a year; it rose in 5 of 9 years; the deepest fall was 81% from fiscal 2017 to fiscal 2018; net income was positive in 0 of 10 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Kartoon Studios, Inc. lost about 94 cents for every dollar of shareholders' money. Leverage: it owed about 63 cents per dollar of assets, and net share issuance: its share count grew 30.8% over the year (the filed statements).

From the record

Kartoon Studios, Inc.'s standing among 8 graded names in its industry family: revenue of $39 million in fiscal 2025 ranks in the bottom 31% by size; a net margin of -62.3% ranks in the bottom 31%; revenue growth of 49.5% a year over the last 3 filed years ranks in the top 6% (its annual reports).

From the record

Kartoon Studios, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Heyward, Andrew A (CEO and Chairman, as filed), filing under that title since 2013-11-19, 13 years (top 12% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 10.1 years (top 12%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (bottom 7%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Kartoon Studios, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $3 million against no long-term debt tagged leaves 4.2% of its assets as net cash, bottom 44% of its family; cash from operations less capital spending is -29.4% of revenue (bottom 21%) (its annual report).

From the record

Kartoon Studios, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 49.5% a year over the last three filed years against 45.8% over all 10, speeding up (top 21% of its family); the newest year grew 20.8% (top 50%); capital spending grew -36.6% a year (bottom 8%) (its annual reports). Kartoon Studios, Inc. reported 2 lines of business in fiscal 2025: Content Production Distribution at $35 million (89%), Media Advisory and Advertising Services at $4 million (11%); 1 of 2 grew against the year before (its annual report).

From the record

Kartoon Studios, Inc.'s newest year against its own record: revenue of $39 million in fiscal 2025 came in 24.8% below the $52 million its prior three years' pace pointed to (bottom 8% of its family); net income of $25 million against a prior three-year average of $75 million (bottom 42%); a net margin of -62.3% against losses larger than its revenue before (top 8%) (its annual reports).