IDW Media Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended October 31, 2016
January 30, 2017 at 07:16 pm
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IDW Media Holdings, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended October 31, 2016. Gross revenue of $23.6 million for the three months ended October 31, 2016 compared to $13.9 million for the three months ended October 31, 2015. Income from operations increased by $1.1 million or 53% to $3.2 million for the three months ended October 31, 2016 compared to $2.1 million for the three months ended October 31, 2015, primarily due to IDW Entertainment. The increase in 2016 net income resulted from profit from the release of the first two IDW Entertainment television shows. Income before income taxes was $3,209,000 compared to $2,086,000 a year ago. Net income was $1,965,000 compared to $1,403,000 a year ago. Net income attributable to the company was $1,965,000 or $0.35 per basic and diluted share compared to $1,186,000 or $0.26 per basic and diluted share a year ago.
Gross revenue of $65.3 million for the year ended October 31, 2016 compared to $49.5 million for the year ended October 31, 2015. The release of IDW Entertainment television shows was the primary driver of the increased revenue. Income from operations was $6,240,000 compared to $4,831,000 a year ago. Income before income taxes was $6,142,000 compared to $4,703,000 a year ago. Net income was $3,669,000 compared to $3,067,000 a year ago. Net income attributable to the company was $3,669,000 or $0.74 per basic and diluted share compared to $2,338,000 or $0.50 per basic and diluted share a year ago. EBITDA was $7,755,000 compared to $6,368,000 a year ago. Adjusted EBITDA was $8,143,000 compared to $6,735,000 a year ago.
IDW Media Holdings, Inc. is an integrated media company providing compelling stories and characters for global audiences. The Company's segments include IDW Publishing (IDWP) and IDW Entertainment (IDWE). IDWP is a publishing company that creates comic books, graphic novels and digital content through its imprints IDW, Top Shelf Productions and Artists Editions. IDWE is a production company and studio that develops, produces and distributes content based on IDWP original, copyrighted intellectual property (IP), published in the form of comic books, graphic novels and any other forms of print publication, for a variety of formats, including film and television. Its comics and graphic novels are primarily distributed through three channels: to comic book specialty stores; to traditional retail outlets, including bookstores and mass market stores, on a returnable basis, and to e-book distributors. IDWP publications are available digitally through a range of distributors.
IDW MEDIA HOLDINGS, INC. 
