Dolphin Entertainment, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 05:01 pm EDT
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Dolphin Entertainment, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 11.02 million compared to USD 10.29 million a year ago. Net loss was USD 7.96 million compared to net income of USD 0.178687 million a year ago. Basic loss per share from continuing operations was USD 0.6 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.6 compared to USD 0.01 a year ago.
For the six months, sales was USD 20.92 million compared to USD 19.47 million a year ago. Net loss was USD 10.93 million compared to USD 1.54 million a year ago. Basic loss per share from continuing operations was USD 0.85 compared to USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.85 compared to USD 0.23 a year ago.
Dolphin Entertainment, Inc. is an independent entertainment marketing and production company. Through its subsidiaries, 42West LLC (42West), The Door Marketing Group LLC (The Door), and Shore Fire Media, Ltd (Shore Fire Media), the Company offers marketing and publicity services to various brands in the film, television, music, gaming, and hospitality industries. The Company operates through two segments: entertainment publicity and marketing and content production. The entertainment publicity and marketing segment provides clients with diversified services, including public relations, entertainment content marketing, strategic communications, social media and influencer marketing, celebrity booking, creative branding, and the production of promotional video content. The content production segment consists of Dolphin Films, Inc. (Dolphin Films) and a department within Dolphin, which develops, produces, and distributes feature films, television and digital content.