Earnings Call Summary | Alliance Entertainment Holding(AENT.US) Q3 2024 Earnings Conference
Earnings Call Summary | Alliance Entertainment Holding(AENT.US) Q3 2024 Earnings Conference
The following is a summary of the Alliance Entertainment Holding Corporation (AENT) Q3 2024 Earnings Call Transcript:
以下是聯盟娛樂控股公司(AENT)2024年第三季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Alliance Entertainment reported a 7.3% decrease in Q3 2024 net revenues, totalling $211 million.
Gross profit rose by 2.5% to $28 million in the same quarter, with gross profit margin improving from 12% to 13.3%.
Net loss significantly decreased from $7.8 million in Q3 2023 to $3.4 million in Q3 2024.
Adjusted EBITDA for Q3 2024 improved by $5.3 million, resulting in $2.9 million, a significant change from the $2.4 million loss in the same period of 2023.
There was a notable decrease in Inventory and debt year-over-year.
聯盟娛樂報告稱,2024年第三季度淨收入下降7.3%,總額爲2.11億美元。
同期毛利增長2.5%,達到2,800萬美元,毛利率從12%提高到13.3%。
淨虧損從2023年第三季度的780萬美元大幅下降至2024年第三季度的340萬美元。
2024年第三季度調整後的息稅折舊攤銷前利潤增加了530萬美元,達到290萬美元,與2023年同期的240萬美元虧損相比有重大變化。
庫存和債務同比顯著下降。
Business Progress:
業務進展:
Alliance is focusing its efforts on automating facilities and upgrading proprietary software to boost e-commerce distribution.
The firm is evaluating four potential acquisitions and expecting growth in e-commerce.
A new sorting technology, Sure Sort X, has been installed in their warehouse.
A three-year, $120 million credit facility with White Oak Commercial Finance has been secured.
Two major properties were shut down to reduce warehouse costs significantly in the 2025 fiscal year.
Alliance Entertainment experienced decreased net revenues, due to lower liquidation product sales; however, more profitable sales have increased the profit margin.
Partnership with major retailers for supply and direct-to-consumer fulfillment has been extended.
The company is focusing on the increasing vinyl and K-pop music markets, live commerce, and digital video sales for future growth.
A consolidation project aimed at retiring a legacy computer system is set to provide substantial cost savings in fiscal 2025.
Alliance正集中精力實現設施自動化和升級專有軟件,以促進電子商務的分銷。
該公司正在評估四項潛在的收購,並預計電子商務將增長。
他們的倉庫中已經安裝了一種名爲Sure Sort X的新分揀技術。
白橡商業融資部爲期三年、價值1.2億美元的信貸額度已獲得擔保。
在2025財年,兩處主要物業被關閉,以大幅降低倉庫成本。
由於清算產品銷售減少,Alliance Entertainment的淨收入有所下降;但是,更有利可圖的銷售增加了利潤率。
與主要零售商在供應和直接向消費者配送方面的合作關係已延長。
該公司專注於不斷增長的黑膠唱片和K-pop音樂市場、直播電子商務和數字視頻銷售,以實現未來的增長。
一項旨在淘汰傳統計算機系統的整合項目將在2025財年節省大量成本。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。