Genius Brands Announces 318% Increase in Revenue for the Second Quarter and 280% Increase in Revenue for the First Six Months of 2021 Over the Same Periods Last Year
August 16 2021 - 9:00AM
Genius Brands International, Inc.
(“Genius Brands” or the
“Company”) (NASDAQ: GNUS), a global brand management
company that creates and licenses entertainment content for
children, filed its Form 10-Q for the period ending June 30, 2021,
and provided a business update in the form of a letter to
shareholders from the Company’s Chairman & CEO, which is
available on the blog section of the company website.
Key highlights:
- 318% increase in revenue for Q2
2021 and 280% increase in revenue for the six months ended June 30,
2021 over the same periods last year
- 932% increase in unique users on
Kartoon Channel
- $138.8 million of cash, cash
equivalents and marketable securities with zero debt
- Stan Lee’s Superhero Kindergarten
grows to over 50 million views to date in 15 weeks since debut
- Rapid growth in viewership of
Rainbow Rangers across leading broadcast platforms worldwide,
including Netflix, Amazon Prime, HBO Max, Nickelodeon/Nick LatAm,
and coming to Paramount+ (Wednesday Aug 18)
- Production has begun on Shaq’s
Garage, which is set to air in Q2 2022 with Rob Gronkowski as
co-executive producer and the voice of the “Gronkmobile”
- Advertisers on Kartoon Channel now
include leading Fortune 500 consumer product companies, including
Lego, Kellogg’s, Walmart, Nintendo, Addidas and others
Revenues for the second quarter of 2021 were
approximately $2.3 million compared to approximately $561,000 for
the same period last year, reflecting a year over year increase of
318%. Revenues for the six months ended June 30, 2021 were
approximately $3.4 million compared to approximately $895,000 for
the same period last year, reflecting a year over year increase of
280%.
About Genius Brands
InternationalGenius Brands International, Inc. (Nasdaq:
GNUS) is a leading global kids media company developing, producing,
marketing and licensing branded children’s entertainment properties
and consumer products for media and retail distribution. The
Company’s ‘content with a purpose’ portfolio includes Stan
Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, on
Kartoon Channel!; Shaq’s Garage, starring Shaquille O’Neal on
Kartoon Channel!; Rainbow Rangers on Kartoon Channel! and
Netflix; Llama Llama, starring Jennifer Garner, on Netflix;
award-winning toddler brand Baby Genius; adventure comedy STEM
series Thomas Edison's Secret Lab; and entrepreneurship
series Warren Buffett's Secret Millionaires Club. Through
licensing agreements with leading partners, characters from Genius
Brands’ IP also appear on a wide range of consumer products for the
worldwide retail marketplace. The Company’s Kartoon Channel! and
Kartoon Classroom! are available in over 100 million U.S.
television households via a broad range of distribution platforms,
including Comcast, Cox, DISH, Sling TV, Amazon
Prime, Amazon Fire, Apple TV, Apple iOS, Android TV,
Android Mobil, Google Play, Xumo, Roku, Tubi, YouTube,
KartoonChannel.com, Samsung Smart TVs and LG TVs. For additional
information, please visit www.gnusbrands.com.
Forward Looking Statements: Certain statements in this press
release constitute "forward-looking statements" within the meaning
of the federal securities laws. Words such as "may," "might,"
"will," "should," "believe," "expect," "anticipate," "estimate,"
"continue," "predict," "forecast," "project," "plan," "intend" or
similar expressions, or statements regarding intent, belief, or
current expectations, are forward-looking statements. While the
Company believes these forward-looking statements are reasonable,
undue reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. These forward looking statements are based
upon current estimates and assumptions and are subject to various
risks and uncertainties, including without limitation, our ability
to generate revenue or achieve profitability; our ability to obtain
additional financing on acceptable terms, if at all; the potential
issuance of a significant number of shares, which will dilute our
equity holders; fluctuations in the results of our operations from
period to period; general economic and financial conditions; our
ability to anticipate changes in popular culture, media and movies,
fashion and technology; competitive pressure from other
distributors of content and within the retail market; our reliance
on and relationships with third-party production and animation
studios; our ability to market and advertise our products; our
reliance on third-parties to promote our products; our ability to
keep pace with technological advances; our ability to protect our
intellectual property and those other risk factors set forth in the
“Risk Factors” section of the Company’s most recent Annual Report
on Form 10-K and in the Company's subsequent filings with the
Securities and Exchange Commission (the "SEC"). Thus, actual
results could be materially different. The Company expressly
disclaims any obligation to update or alter statements whether as a
result of new information, future events or otherwise, except as
required by law.
MEDIA CONTACT:pr@gnusbrands.com
INVESTOR RELATIONS
CONTACT:
ir@gnusbrands.com
A photo accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/90d0039f-e1cc-4c95-9766-3570bb023778
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