Thunderbird Entertainment Group Inc (TSXV:TBRD)
C$ 1.74 0.03 (1.82%) Market Cap: 83.69 Mil Enterprise Value: 98.36 Mil PE Ratio: 37.33 PB Ratio: 1.21 GF Score: 69/100
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Q4 2024 Thunderbird Entertainment Group Inc Earnings Call Transcript

Oct 10, 2024 / 06:00PM GMT
Release Date Price: C$1.95 (-4.41%)

Key Points

Positve
  • Thunderbird Entertainment Group Inc (THBRF) ended fiscal 2024 on a strong note, exceeding forecasted targets and achieving three consecutive profitable quarters.
  • The company reported a 37% increase in Q4 revenue, driven by strong licensing and distribution revenue.
  • Thunderbird's strategic review process concluded that their growth plan and potential uplisting to the TSX are the best ways to maximize shareholder value.
  • The company has a robust content pipeline and strong industry relationships, positioning it well for future growth.
  • Thunderbird's animation division and IP ownership are expanding, with new projects like 'The Day You Begin' and 'Mermicorno: Starfall' set to debut soon.
Negative
  • The media industry headwinds have impacted the commissioning of new shows, leading to a decrease in licensing and distribution revenue by 18% year over year.
  • The company anticipates margin pressure in fiscal 2025 due to a higher mix of service work compared to own IP projects.
  • Despite strong financial performance, the stock price has been underwhelming, and the company is working to improve visibility and liquidity.
  • The content market challenges have led to a slowdown in the production of proprietary content, affecting revenue growth potential.
  • Thunderbird had to implement cost-cutting measures, including staff reductions, to achieve profitability, indicating operational challenges.
Operator

Thank you for joining Thunderbird Entertainment Group's fiscal 2024 year-end earnings call. Frank Alfano from Bristol Capital will read the following forward-looking statement disclaimer.

Frank Alfano
Bristol Capital - IR

Thank you everyone for joining us. We are here to provide a corporate update and report on Thunderbird Entertainment Group's Q4 2024 results for the 3 and 12 months ended June 30, 2024.

Speaking on today's call are Ms. Jennifer Twiner McCarron, CEO and Chair of the Thunderbird Board; and Mr. Simon Bodymore, Thunderbird CFO. Ms. Twiner McCarron will provide a strategic overview of Thunderbird Entertainment Group and Mr. Boddymore will review the company's financial Q4 2024.

Following the corporate update and financial review, the call will open for a question-and-answer session. (Event Instructions)

I'd like to remind everyone that certain statements made on today's call contain forward-looking information for purposes of applicable securities laws. Certain statements and information discussed on this conference

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