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Thunderbird Entertainment Group Inc. (THBRF) is a leading production company in the entertainment industry, specializing in creating high-quality content for television, film, and digital platforms. With a diverse portfolio of successful projects, Thunderbird has established itself as a powerhouse in the media landscape. The company's core business includes developing, producing, and distributing innovative and engaging content across various genres. Thunderbird's recent achievements include collaborating with top-tier talent and securing lucrative partnerships with major industry players. Their current projects showcase their commitment to creativity, storytelling, and audience engagement. Financially, Thunderbird Entertainment Group Inc. continues to demonstrate robust performance and sustainable growth, making it a promising investment opportunity for shareholders. With a focus on delivering compelling content and expanding its reach, Thunderbird Entertainment Group Inc. remains at the forefront of the entertainment industry.
Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) held its annual general meeting on December 12, 2024, where shareholders approved all proposed matters. The meeting resulted in the reappointment of all Board directors, including Jennifer Twiner McCarron, Asha Daniere, David Lazzarato, Azim Jamal, Jerome Levy, Lisa Coulman, and Taylor Henderson.
Shareholders also approved a new Omnibus Equity Incentive Plan, replacing the existing stock option and equity incentive compensation plans. The new plan allows for up to 10% of outstanding Common Shares to be reserved for various equity instruments including stock options, RSUs, DSUs, and PSUs. Following the meeting, the company granted 179,476 RSUs to non-executive directors on December 16, 2024, which will vest prior to the next annual meeting or one year from the grant date.
Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) has announced arrangements to address mailing delays caused by the Canadian Union of Postal Workers strike. The company's annual general and special meeting is scheduled for December 12, 2024, at 9:00 am PST. Due to the postal strike, Thunderbird is relying on CSA Coordinated Blanket Order 51-931 for temporary exemption from requirements to send proxy-related materials.
Shareholders will vote on several matters, including fixing the number of directors at seven, director elections, re-approval of stock option and equity incentive compensation plans, and appointment of PricewaterhouseCoopers LLP as auditor. All proxy-related materials are available on SEDAR+ and the company's website. The voting deadline is set for December 10, 2024, at 9:00 am PST.
Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) has announced an upcoming investor webcast scheduled for December 17, 2024, at 11:00 a.m. PT/ 2:00 p.m. ET. During the presentation, CEO and Chair Jennifer Twiner McCarron and CFO Simon Bodymore will discuss key aspects of the company's business operations.
The webcast will include a formal presentation followed by an investor Q&A session. For those unable to attend live, a replay will be available on the company's investor website. Interested participants can register in advance through the provided Zoom webinar link.
Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) has received TSXV approval for a new Normal Course Issuer Bid (NCIB). Under this program, the company can purchase and cancel up to 3,190,236 common shares (10% of public float) between December 9, 2024, and December 8, 2025.
Under the existing NCIB, which expires December 6, 2024, Thunderbird has already repurchased 591,400 shares at an average price of $2.08 per share, totaling $1,229,881. The company will cease additional purchases under the existing NCIB. Purchases will be made through TSXV facilities via Cormark Securities Inc., with pricing based on market conditions.
Thunderbird Entertainment Group announced that due to an ongoing Canada Post Labour dispute, the Meeting Materials for their upcoming Annual and Special General Meeting will be held at Odyssey Trust Company. The virtual meeting is scheduled for December 12, 2024, at 9:00 am PST. Meeting Materials will not be distributed until the postal dispute resolves. Shareholders can access materials through SEDAR+ or contact Odyssey Trust Company for registered shareholders' control numbers. The voting deadline is set for December 10, 2024, at 9:00 am PST.
Thunderbird Entertainment Group has announced several equity compensation updates. The company granted 143,317 restricted share units (RSUs) to non-executive directors, vesting on December 14, 2024, and 171,606 RSUs to executive management, vesting over three years. Additionally, 400,412 performance share units (PSUs) were granted to executive management, subject to performance targets and one-year vesting. CEO Jennifer Twiner McCarron's compensation has been restructured, eliminating guaranteed bonuses in favor of performance-based incentives tied to AEBITDA targets and strategic objectives, effective July 1, 2024.
Thunderbird Entertainment Group reported strong Q1 fiscal 2025 results with significant growth across key metrics. Revenue increased 36% year-over-year to $45.7 million, while Adjusted EBITDA grew 64% to $4.1 million. The company achieved net income of $1.6 million, a $2.3 million improvement from the previous year's loss. Free Cash Flow reached $9.7 million, up $12.1 million year-over-year. The company maintains its fiscal 2025 forecast targeting 20% revenue growth and over 10% AEBITDA growth. During Q1, Thunderbird had 25 programs in various stages of production, working with 17 clients.
Thunderbird Entertainment Group (TSXV:TBRD, OTCQX:THBRF) has announced its upcoming fiscal Q1 2025 financial results release and conference call schedule. The company will release results after market close on November 20, 2024, followed by a conference call and webcast on November 21, 2024 at 11 a.m. PT/ 2 p.m. ET. CEO Jennifer Twiner McCarron will provide a business operations overview, while CFO Simon Bodymore will present financial statements, followed by a Q&A session.
Thunderbird Entertainment Group (TSXV:TBRD, OTCQX:THBRF) has engaged Independent Trading Group (ITG) to provide market making services in compliance with TSX Venture Exchange policies. The agreement includes a monthly fee of $6,000 for an initial three-month term, with the option for renewal. ITG will manage securities trading to maintain market order and enhance liquidity. The service costs will be covered by Thunderbird's general working capital, while ITG will provide the capital for market making activities. No shares or options will be issued as compensation.
Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) reported its fiscal 2024 results, exceeding guidance with a 30% increase in Adjusted EBITDA to $16.7 million. The company targets 20%+ revenue growth in FY 2025. Key financial highlights include:
- Q4 revenue increased 37% year-over-year to $51.8 million
- Annual revenue slightly declined by 1% to $165.3 million
- Q4 AEBITDA rose to $7.0 million from $0.7 million last year
- Annual AEBITDA margin improved to 10.1% from 7.7%
Thunderbird implemented cost-saving measures, delivering over $3 million in savings. The company maintains a strong balance sheet with no corporate debt. After a strategic review, the board decided to focus on executing its current business plan, including potential uplisting to the TSX.
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