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Benzinga
Benzinga
Business
Shivani Kumaresan

Genius Brands Clocks 35% Revenue Growth In Q1

  • Genius Brands International Inc (NASDAQ:GNUS) reported first-quarter FY22 sales growth of 35% year-on-year to $1.44 million, versus $1.1 million the previous year.
  • The operating expenses rose 46% Y/Y to $11.4 million.
  • The operating loss for the quarter totaled $(9.9) million versus a loss of $(6.7) million last year.
  • The company held $154.1 million in cash and equivalents as of March 31, 2022.
  • EPS loss of $(0.01) narrowed from a loss of $(0.27) last year.
  • Price Action: GNUS shares are trading higher by 8.22% at $0.68 in premarket on the last check Tuesday.
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