Kartoon Studios, INC 8-K filings

Kartoon Studios reports its streaming business achieved profitability in Q1 2024, with a company-wide profitability target set for Q2 2025, driven by significant cost reductions and growth initiatives.

Kartoon Studios has announced the pricing of a registered direct offering to raise up to $7 million through the sale of common stock and pre-funded warrants to institutional investors.

Kartoon Studios has entered into a securities purchase agreement to sell up to 7 million shares of common stock and/or pre-funded warrants to institutional investors, aiming to raise capital for working capital.

Kartoon Studios is partnering with VeVe and Multiverse Clothing Company to launch limited-edition Stan Lee digital and physical collectibles.

Kartoon Studios has announced the launch of Gadget A.I., a new AI toolkit developed in collaboration with Nvidia, aimed at transforming animation production and distribution.

Kartoon Studios launches a dedicated Stan Lee storefront on Amazon and a Stan Lee Presents channel on YouTube, while also announcing its streaming business achieved profitability in the first two months of 2024.

Kartoon Studios reports significant cost reductions, growth in its streaming subscriber base, and a strong recovery in its production arm, positioning the company for future profitability.

Kartoon Studios announced it will restate its financial statements for multiple periods due to errors related to deferred tax liability and warrant incentive expenses, also identifying a material weakness in internal controls.

Kartoon Studios reports significant growth in its streaming service, merchandise program, and marketing agency, with record revenue and subscriber growth for Kartoon Channel! and increased revenue and client base for Beacon Media Group.

Kartoon Studios reports significant growth in its Llama Llama merchandise program, Kartoon Channel! subscribers and revenue, and Beacon Media Group's client base and revenue.

Kartoon Studios has replaced its independent auditor, Mazars USA LLP, with WithumSmith+Brown, PC, effective January 29, 2024, citing cost savings.