Kartoon Studios Q2 Sales $8.40M Down From $11.04M YoY
Portfolio Pulse from Benzinga Newsdesk
Kartoon Studios (NYSE:TOON) reported Q2 sales of $8.40 million, a 23.90% decrease from $11.04 million in the same period last year.
August 14, 2024 | 12:47 pm
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NEGATIVE IMPACT
Kartoon Studios reported a significant 23.90% decrease in Q2 sales compared to the same period last year, indicating potential challenges in revenue generation.
The 23.90% decrease in sales year-over-year suggests that Kartoon Studios is facing significant revenue challenges, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100