Here's Why Genius Brands Shares Are Trading Higher Today

  • Genius Brands International Inc GNUS reported second-quarter FY22 sales growth of 843% year-on-year to $21.2 million. EPS loss was $(0.04).
  • The revenue increase reflects the inclusion of WOW! and Ameba.
  • The operating expenses rose 210% Y/Y to $30.7 million.
  • The operating loss for the quarter totaled $(8.6) million versus a loss of $(7.6) million last year.
  • The company held $105.2 million in cash and equivalents.
  • GNUS inked an agreement to license the name and likeness of Stan Lee to Marvel Studios and the Walt Disney Co DIS.
  • RelatedGenius Brands CEO On Disney: 'There Is More Than A Chance' For More Deals After Stan Lee Agreement
  • GNUS collaborated with renowned chef, restauranteur, entrepreneur, and philanthropist, Wolfgang Puck, to create an animated children's series, Wolfgang Puck's Secret Chef Academy, along with healthy food products for children.
  • GNUS launched the commercial free streaming subscription service, Kartoon Channel! Kidaverse in the U.S. and expanded Kartoon Channel Worldwide.
  • Also ReadHow Genius Brands Stock Looks Following Stan Lee Licensing Deal
  • Price Action: GNUS shares are trading higher by 19.9% at $1.21 on the last check Wednesday.
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