IDW Media Holdings third quarter consolidated revenue climbed +14% from the year-ago quarter to $7.7 million. Publishing revenue fell slightly to $6.6 million, compared to $6.8 million a year ago, largely owing to a decrease in the direct market of $1.1 million due to the solid comic release of The Last Ronin #3 in the prior year, as indicated by CFO Brooke Feinstein in the earnings call (as reported in Seeking Alpha). “Distributor transitioned to Penguin Random House this year and fewer titles released during the current year quarter”, said Feinstein.
The quarter’s net loss was -$837,000 or -$0.06 per share, narrower than the year-ago period’s net loss of - $941,000 or -$0.09 per share.
As of July 31, the company had $10.3 million in cash and cash equivalents with no debt. Working capital, current assets, less current liabilities was $18.1 million.