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IDW Media Holdings, Inc. (IDW) reported a decline in revenue for the second quarter of fiscal 2022, totaling $6.1 million, down from $10.1 million in Q2 2021. The decrease is mainly due to a $4.2 million drop in IDW Entertainment's revenue, while IDW Publishing saw a slight increase of 1.1%. The company reported a net loss of $2.3 million, or $0.17 per share, compared to a profit of $2.5 million, or $0.25 per share, a year earlier. Despite these challenges, IDW plans to capitalize on its original titles and expects improved results in the second half of 2022.
IDW Media Holdings (NYSE American:IDW) will release its second-quarter financial results for the period ending April 30, 2022, on June 14, 2022, at approximately 4:15 p.m. ET. Following the earnings release, a conference call will take place at 5:00 p.m. ET, where management will discuss the results, outlook, and strategy, along with a Q&A session. A replay of the call will be accessible until June 21, 2022. IDW specializes in integrated media, focusing on franchise development across various platforms.
International Endeavors Corporation (OTC PINK:IDVV) has secured an agreement worth over $1 million to develop a solar-powered clean energy project coupled with cryptocurrency mining in Mexico. The deal includes an initial deposit for the delivery of 10 UV-OG units starting in June 2022, with a partial deposit already received. These units will provide off-grid power solutions for a housing project in Baja California, maximizing energy use through integrated solar and crypto mining capabilities. The company aims to enhance its presence in Latin America amidst growing demand for renewable energy and crypto solutions.
IDW Media Holdings (NYSE American: IDW) has announced its participation in the Microcap Rodeo Spring Into Action Best Ideas Virtual Investor Conference. CEO Ezra Rosensaft will present on May 17 at 1:30 PM ET and will be available for one-on-one meetings on May 19. This event showcases the company's commitment to engage with investors and share insights about its integrated media business, which includes IDW Publishing and IDW Entertainment, focusing on franchise development across various platforms.
IDW Media Holdings (AMEX:IDW) continues to expand its original content strategy, announcing new graphic novels and comic books set to launch in July 2022. These projects span various genres, including crime, horror, and science fiction, with contributions from renowned creators like Scott Snyder and Matthew Klein. The company aims to develop these titles into high-value franchises across multiple platforms, highlighting its commitment to provide a supportive environment for creators and diversify its content library.
IDW Media Holdings hosted its annual meeting on April 5, 2022, where shareholders re-elected the Board of Directors and approved an amendment to the 2019 Stock Option and Incentive Plan. CEO Ezra Y. Rosensaft detailed the company's significant achievements in 2021, including the elimination of debt, a focus on original content, and a strong balance sheet. IDW Publishing is now the fourth-largest direct market publisher of comics, boasting over 280 comics and 125 graphic novels published annually. The company aims to produce 3 to 5 entertainment projects annually.
IDW Media Holdings, Inc. (IDW) reported a strong performance for Q1 2022, with consolidated revenue rising by 40% to $11.8 million, compared to $8.4 million in Q1 2021. Net income reached $2 million or $0.15 per share, reversing a net loss of $6.3 million a year earlier. Key revenue contributions were attributed to IDW Publishing, which saw a 34% increase to $7.5 million, and IDW Entertainment, which grew 54% to $4.3 million, primarily driven by the successful release of Locke & Key season 2.
IDW Media Holdings, Inc. (NYSE American:IDW) announced it will report its financial and operational results for the fiscal quarter ending January 31, 2022, on March 14, 2022. The earnings release will be available around 4:15 p.m. EDT on that date via the IDW investor relations website. Following the release, a conference call is scheduled for 5:00 p.m. EDT to present the results and discuss future strategies, with a Q&A session afterwards.
IDW Media Holdings reported its fiscal 2021 results, showing a consolidated revenue decline to $32.4 million from $38.2 million in FY 2020. Although net loss improved to $5.4 million, or $0.51 per share, from $13.8 million, or $1.54 per share in FY 2020, challenges remain. Revenue increased sequentially in 4Q21 to $7.1 million from $6.8 million but decreased from $10.1 million in 4Q20. The company plans to recognize approximately $4.2 million in revenue from Locke & Key season 2 in 1Q22 and aims to develop 40 original titles annually, enhancing its growth strategy.
IDW Media Holdings (NYSE American: IDW) will report its fourth quarter and year-end financial results for 2021 on January 20, 2022. The earnings release will be published at approximately 4:15 p.m. EST, followed by a conference call with management at 5:00 p.m. EST to discuss results and future strategies. Interested parties can access a replay of the call from January 20 through January 27, 2022. IDW is focused on integrated media, with operations in publishing and entertainment.
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