Kartoon Studios Files 8-K on Financials

TL;DR

Kartoon Studios dropped an 8-K detailing its financials - check it out!

AI Summary

Kartoon Studios, Inc. filed an 8-K on April 9, 2024, reporting on its results of operations and financial condition, and providing financial statements and exhibits. The company was formerly known as Genius Brands International, Inc. and Pacific Entertainment Corp.

Why It Matters

This filing provides crucial updates on Kartoon Studios' financial performance and condition, which is essential for investors to assess the company's health and future prospects.

Risk Assessment

Risk Level: medium — 8-K filings can contain significant financial information that may impact stock price, requiring careful review.

Key Players & Entities

• Kartoon Studios, Inc. (company) — Registrant
• Genius Brands International, Inc. (company) — Former company name
• Pacific Entertainment Corp (company) — Former company name
• April 9, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share TOON NYSE American LLC In

Filing Documents

• kartoon_8k.htm (8-K) — 29KB
• kartoon_ex9901.htm (EX-99.1) — 30KB
• image_001.jpg (GRAPHIC) — 31KB
• image_002.jpg (GRAPHIC) — 183KB
• 0001683168-24-002238.txt ( ) — 535KB
• toon-20240409.xsd (EX-101.SCH) — 3KB
• toon-20240409_lab.xml (EX-101.LAB) — 33KB
• toon-20240409_pre.xml (EX-101.PRE) — 22KB
• kartoon_8k_htm.xml (XML) — 3KB

02 RESULTS OF OPERATIONS

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On April 9, 2024, Kartoon Studios, Inc. (the "Company") issued an earnings release announcing, among other things, the Company's operational highlights for the fourth quarter and year ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1 hereto. The information contained in this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended, or otherwise subject to the liabilities of that section, and such information shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act.

01 FINANCIAL STATEMENTS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit No. Description 99.1 Press Release of Kartoon Studios, Inc., dated April 9, 2024 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

Forward Looking Statements

Forward Looking Statements This Current Report on Form 8-K contains certain statements which 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. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KARTOON STUDIOS, INC.. Date: April 9, 2024 By: /s/ Andy Heyward Name: Andy Heyward Title: Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR