Kartoon Studios Chairman & CEO Andy Heyward Says "Following A Transformative 2023 Where We Established A Foundation For Long-Term Growth And Sustainable Profitability, We Reduced Operational Losses In Q1 Of 2024, And Now Project Profitability In Q2 2025"
Portfolio Pulse from Benzinga Newsdesk
Kartoon Studios' Chairman & CEO Andy Heyward announced that the company reduced operational losses in Q1 2024 and projects profitability by Q2 2025. The company credits its CFO Brian Parisi's cost discipline for the positive impact on the bottom line.
May 15, 2024 | 1:10 pm
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Kartoon Studios reduced operational losses in Q1 2024 and projects profitability by Q2 2025, driven by CFO Brian Parisi's cost discipline.
The reduction in operational losses and the projection of profitability indicate a positive financial trajectory for Kartoon Studios. The implementation of strict cost discipline by CFO Brian Parisi is a significant factor contributing to this outlook, suggesting improved financial management and potential investor confidence.
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