Jakks Pacific 4th quarter and full-year 2023 financial results

Jakks Pacific, Inc. reported results for the 4th quarter and fiscal year ending December 31, 2023. For the full year, the company reported sales of 711.56 million US dollars compared to 796.19 million US dollars a year ago. Net profit amounted to 38.41 million US dollars compared to 91.41 million US dollars a year ago.

Basic earnings per share from continuing operations amounted to 3.7 US dollars compared to 9.33 US dollars a year ago. Diluted earnings per share from continuing operations amounted to USD 3.48 compared to USD 8.86 in the previous year.

Results for the fourth quarter of 2023

For the fourth quarter, the company reported revenue of USD 127.4 million compared to USD 131.89 million a year ago. The net loss amounted to 10.87 million US dollars compared to a net profit of 37.97 million US dollars a year ago.

Basic loss per share from continuing operations amounted to 1.12 US dollars compared to basic earnings per share from continuing operations of 3.86 US dollars a year ago. Diluted loss per share from continuing operations was $1.12 compared to diluted earnings per share from continuing operations of $3.66 a year ago.

Sources: www.marketscreener.com and  www.jakks.com