Thunderbird Entertainment Group Inc (TSXV:TBRD)
C$ 1.8 0.04 (2.27%) Market Cap: 89.84 Mil Enterprise Value: 94.82 Mil PE Ratio: 20.00 PB Ratio: 1.27 GF Score: 70/100
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Q1 2025 Thunderbird Entertainment Group Inc Earnings Call Transcript

Nov 21, 2024 / 07:00PM GMT
Release Date Price: C$1.75 (+0.57%)

Key Points

Positve
  • Thunderbird Entertainment Group Inc (THBRF) reported a 36% increase in revenue for Q1 2025, reaching $45.7 million compared to $33.6 million in the same period last year.
  • The company achieved its fourth consecutive quarter of positive earnings, with a net income of $1.6 million, compared to a loss of $0.7 million in the previous year.
  • Thunderbird's production service engagements, particularly in animation, contributed significantly to the revenue increase, with a $4.4 million year-on-year growth.
  • The company has a strong content pipeline with 25 programs in various stages of production, including 7 Thunderbird IP and 18 service productions.
  • Thunderbird maintains a strong balance sheet with no corporate debt, providing financial flexibility to pursue growth opportunities.
Negative
  • Licensing and distribution revenue decreased by $1.9 million year-on-year, a 61% decline, due to changes in timing for the network release of 'Highway Thru Hell'.
  • Gross margin declined from 23.5% to 19.6% year-on-year, primarily due to increased levels of scripted and unscripted business, which attract lower margins.
  • The ongoing negotiations between the AMPTP and IATSE 839 may delay production green lights, potentially impacting forecasts and timelines.
  • The company faces challenges in market visibility and liquidity, with concerns raised about the share price not reflecting the company's progress.
  • There is a potential impact from the Canada postal strike, delaying the mailing of Q1 fiscal 2025 documents to shareholders.
Operator

Thank you for joining Thunderbird Entertainment Group's fiscal 2025 fist-quarter earnings call. Frank Alfano from Bristol Capital will read the forward-looking statement disclaimer.

Frank Alfano
Bristol Capital - Managing Director

Thank you for joining us. We are here to provide a corporate update and report on Thunderbird Entertainment Group's Q1 2025 results for the three months ended, September 30, 2024. Speaking on today's call are Ms. Jennifer Twiner McCarron, CEO and Chair of the Thunderbird Board; and Mr. Simon Bodymore, Thunderbird's CFO.

Ms. Twiner McCarron will provide a strategic overview of Thunderbird Entertainment Group and Mr. Bodymore will review the company's financial Q1 2025. Following the corporate update and financial review, the call will open for a Q&A session. (Operator 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, forward-looking statements and information discussed on this conference call

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