Reservoir Media Q3 2024 10-Q Filed

TL;DR

RSR Q3 10-Q is in, check the equity details.

AI Summary

Reservoir Media, Inc. filed its 10-Q for the period ending December 31, 2024. The filing details the company's financial position, including equity accounts like Retained Earnings, Noncontrolling Interest, Additional Paid-In Capital, and Accumulated Other Comprehensive Income as of December 31, 2024, and comparative periods. The company is based in New York, NY.

Why It Matters

This filing provides investors with an update on Reservoir Media's financial health and equity structure as of the end of the third quarter of fiscal year 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• 2024-12-31 — Period End Date (Latest balance sheet date reported)
• 20250205 — Filing Date (Date the 10-Q was submitted to the SEC)

Key Players & Entities

• Reservoir Media, Inc. (company) — Filer of the 10-Q
• 2024-12-31 (date) — End of reporting period
• 20250205 (date) — Filing date
• 212-675-0541 (phone_number) — Company business phone
• 200 VARICK STREET, SUITE 801 (address) — Company business address

FAQ

Key Financial Figures

• $0.0001 — ge on which registered Common Stock, $0.0001 par value per share (the " Common Stock
• $11.50 — mon Stock, each at an exercise price of $11.50 per share RSVRW The Nasdaq Stock Ma

Filing Documents

• rsvr-20241231x10q.htm (10-Q) — 2264KB
• rsvr-20241231xex31d1.htm (EX-31.1) — 13KB
• rsvr-20241231xex31d2.htm (EX-31.2) — 13KB
• rsvr-20241231xex32d1.htm (EX-32.1) — 7KB
• rsvr-20241231xex32d2.htm (EX-32.2) — 8KB
• 0001410578-25-000076.txt ( ) — 7190KB
• rsvr-20241231.xsd (EX-101.SCH) — 39KB
• rsvr-20241231_cal.xml (EX-101.CAL) — 47KB
• rsvr-20241231_def.xml (EX-101.DEF) — 123KB
• rsvr-20241231_lab.xml (EX-101.LAB) — 345KB
• rsvr-20241231_pre.xml (EX-101.PRE) — 241KB
• rsvr-20241231x10q_htm.xml (XML) — 1202KB

Financial Information

Part I. Financial Information 1

Financial Statements

Item 1. Financial Statements 1 Condensed Consolidated Statements of Income (Loss) for the Three and Nine Months Ended December 31, 2024 and 2023 (unaudited) 1 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Nine Months Ended December 31, 2024 and 2023 (unaudited) 2 Condensed Consolidated Balance Sheets as of December 31, 2024 and March 31, 2024 (unaudited) 3 Condensed Consolidated Statements of Changes in Shareholders' Equity for the Three and Nine Months Ended December 31, 2024 and 2023 (unaudited) 4 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended December 31, 2024 and 2023 (unaudited) 5 Notes to Condensed Consolidated Financial Statements 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 16

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 33

Controls and Procedures

Item 4. Controls and Procedures 33

Other Information

Part II. Other Information 35

Legal Proceedings

Item 1. Legal Proceedings 35

Risk Factors

Item 1A. Risk Factors 35

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 35

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 35

Other Information

Item 5. Other Information 35

Exhibits

Item 6. Exhibits 36

Signatures

Part III. Signatures 37 i Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Interim Financial Statements

Item 1. Interim Financial Statements. RESERVOIR MEDIA, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (In U.S. dollars, except share data) (Unaudited) Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Revenues $ 42,303,716 $ 35,476,172 $ 117,287,952 $ 105,710,058 Costs and expenses: Cost of revenue 15,068,042 13,221,974 43,180,529 41,136,237 Amortization and depreciation 6,713,621 6,342,918 19,528,397 18,613,026 Administration expenses 10,964,096 9,389,344 29,937,510 30,148,848 Total costs and expenses 32,745,759 28,954,236 92,646,436 89,898,111 Operating income 9,557,957 6,521,936 24,641,516 15,811,947 Interest expense ( 5,776,861 ) ( 5,372,285 ) ( 15,796,667 ) ( 15,865,324 ) (Loss) gain on foreign exchange ( 76,431 ) 264 ( 172,242 ) ( 69,828 ) Gain (loss) on fair value of swaps 3,084,761 ( 4,247,523 ) ( 2,532,441 ) ( 1,774,045 ) Other income (expense), net 509,263 ( 990,488 ) 410,774 ( 989,952 ) Income (loss) before income taxes 7,298,689 ( 4,088,096 ) 6,550,940 ( 2,887,202 ) Income tax expense (benefit) 1,987,150 ( 1,226,649 ) 1,540,589 ( 872,663 ) Net income (loss) 5,311,539 ( 2,861,447 ) 5,010,351 ( 2,014,539 ) Net (income) loss attributable to noncontrolling interests ( 67,448 ) ( 101,612 ) 72,100 ( 135,797 ) Net income (loss) attributable to Reservoir Media, Inc. $ 5,244,091 $ ( 2,963,059 ) $ 5,082,451 $ ( 2,150,336 ) Earnings (loss) per common share (Note 13): Basic $ 0.08 $ ( 0.05 ) $ 0.08 $ ( 0.03 ) Diluted $ 0.08 $ ( 0.05 ) $ 0.08 $ ( 0.03 ) Weighted average common shares outstanding (Note 13): Basic 65,240,858 64,826,026 65,133,225 64,731,569 Diluted 66,106,474 64,826,026 65,906,440 64,731,569 See accompanying notes to the condensed consolidated financial statements. 1 Table of Contents RESERVOIR MEDIA, INC. AND

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View this 10-Q filing on SEC EDGAR