Significant Improvement in Profitability
Earnings per share nearly tripled to $0.24 from $0.09 last year, and net income for the third quarter was $1.9 million, a turnaround from a net loss of $3.4 million in Q3 of last year.
Adjusted EBITDA Growth
Adjusted EBITDA rose 66% year-over-year to $4.9 million, up from $2.9 million, driven by margin gains and disciplined execution.
Successful Cost Management
A 10%+ year-over-year reduction in distribution and fulfillment costs due to automation and warehouse consolidation efforts.
Exclusive Licensing Agreement with Paramount
The exclusive U.S. and Canadian distributor agreement for Paramount's full physical media catalog, contributing significantly to revenue.
Growth in Direct-to-Consumer Fulfillment
Direct-to-consumer fulfillment accounted for an estimated 40% of gross revenue, up from 33%, reflecting growing retailer adoption.
Strategic Acquisitions
Acquisition of Handmade by Robots, expanding retail distribution and preparing for significant new releases with major franchises.