Kartoon Studios Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 11.04 million compared to USD 22.12 million a year ago. Net loss was USD 15.23 million compared to USD 13.34 million a year ago. Basic loss per share from continuing operations was USD 0.47 compared to USD 0.42 a year ago. Diluted loss per share from continuing operations was USD 0.47 compared to USD 0.42 a year ago.
For the six months, revenue was USD 25.23 million compared to USD 23.56 million a year ago. Net loss was USD 39.99 million compared to USD 17.87 million a year ago. Basic loss per share from continuing operations was USD 1.24 compared to USD 0.58 a year ago. Diluted loss per share from continuing operations was USD 1.24 compared to USD 0.58 a year ago.