Beaten Down Stock Chicken Soup Entertainment Explores Financial Options to Avoid Cash Crisis
Beaten Down Stock Chicken Soup Entertainment Explores Financial Options to Avoid Cash Crisis
Chicken Soup for the Soul Entertainment Inc (NASDAQ:CSSE) is exploring options to alleviate its financial difficulties.
Soul Entertainment Inc（納斯達克股票代碼：CSSE）的雞湯正在探索緩解其財務困難的備選方案。
These include issuing preferred equity, raising new debt, and selling assets.
其中包括髮行優先股、籌集新債務和出售資產。
The company has engaged with potential investors regarding the equity raise, though these talks remain confidential, Bloomberg reports.
彭博社報道，該公司已就股權籌集與潛在投資者進行了接觸，儘管這些談判仍處於保密狀態。
Despite considering these measures, Chicken Soup for the Soul has yet to make any official comments, and its primary lender, HPS Investment Partners, has yet to respond to inquiries.
儘管考慮了這些措施，但Chicken Soup for the Soul尚未發表任何官方評論，其主要貸款機構HPS Investment Partners也尚未回應詢問。
Established in 1993 and expanding from publishing to film, television, video streaming, and pet food, the company ventured into the DVD rental kiosk and online streaming rental market by acquiring Redbox in 2022.
該公司成立於1993年，從出版業務擴展到電影、電視、視頻流媒體和寵物食品，並於2022年收購了Redbox，進軍DVD租賃亭和在線流媒體租賃市場。
However, the company's financial stability has been precarious, with just $4.1 million in cash as of September 30 and facing the challenge of managing $360 million of debt from its merger with Redbox.
但是，該公司的財務穩定一直不穩定，截至9月30日，只有410萬澳元的現金，並且面臨着管理與Redbox合併產生的3.6億美元債務的挑戰。
The debt management strategy relied on increasing movie releases to pre-pandemic levels and anticipated cost savings.
債務管理策略依賴於將電影發行量提高到疫情前的水平和預期的成本節約。
The inability to secure a new loan last year meant missed opportunities to acquire movie titles, further impacting its performance.
去年無法獲得新貸款意味着錯過了收購電影的機會，進一步影響了其業績。
Despite the financial strain, the company tried reducing costs and renegotiating contracts with content providers. In January, it tapped FUEL TV for action sports-focused streaming content. In February, it collaborated with Swirl Films to relaunch FrightPIX as a streaming channel.
儘管面臨財務壓力，但該公司仍嘗試降低成本並與內容提供商重新談判合同。一月份，它使用FUEL TV來播放以動作體育爲重點的直播內容。2月，它與Swirl Films合作，將FrightPix作爲直播頻道重新推出。
The company has also sought professional advice on asset sales and is discussing modifications to its existing loan terms.
該公司還就資產出售尋求了專業建議，並正在討論修改其現有貸款條款。
In December, the company reported third-quarter revenue of $65.7 million, missing the consensus of $102.1 million. The EPS loss of $(1.86) missed the consensus loss of $(1.17).
12月，該公司公佈的第三季度收入爲6,570萬美元，未達到預期的1.021億美元。每股收益虧損1.86美元，未達到共識虧損的1.17美元。
Amidst these challenges, Chicken Soup for the Soul's stock has significantly plummeted, losing over 95% of its value in the past year, now trading at less than 19 cents per share.
在這些挑戰中，Chicken Soup for the Soul的股票大幅暴跌，在過去的一年中下跌了95％以上，目前每股交易價格不到19美分。
Price Action: CSSE shares traded higher by 2.37% at $0.19 premarket on the last check Wednesday.
價格走勢：週三最後一次支票中，CSSE股票盤前上漲2.37％，至0.19美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明： 該內容部分是在人工智能工具的幫助下製作的，並由Benzinga編輯審閱和發佈。
Photo by Foto-Rabe from Pixabay
照片由 Pixabay 上的 Foto-Rabe 拍攝
譯文內容由第三人軟體翻譯。