Dolphin Leisure Inc DLPN shares are buying and selling increased by 10.77% at $4.27 after the corporate reported fourth-quarter earnings outcomes.
Dolphin Leisure reported quarterly gross sales of $10.50 million which missed the analyst consensus estimate of $11.19 million by 6%. This gross sales determine represents an 80% improve over gross sales of $5.83 million the identical interval final yr.
“This has been a transformative yr for Dolphin, each with respect to our stability sheet and working earnings, in addition to in our evolution to creating investments in belongings for which we imagine our advertising experience will vastly affect the chance of success,” mentioned Invoice O’Dowd, CEO of Dolphin Leisure.
“First, with respect to our monetary statements, 2021 income grew 49% to a report $35.8 million. Moreover, we turned working earnings optimistic, absent depreciation and amortization and a change within the truthful worth of contingent consideration. Lastly, and this feels nice to say, we reached a working capital surplus, with more money readily available than all remaining debt, which has allowed us to take away our going concern, an amazing milestone for any micro-cap public firm,” O’Dowd acknowledged.
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Dolphin Leisure is an leisure advertising and content material manufacturing firm. It gives strategic advertising and publicity providers to lots of the high manufacturers, each particular person and company, within the movie, tv, music, gaming and hospitality industries.
In response to knowledge from Benzinga Pro, Dolphin Leisure has a 52-week excessive of $15.25 and a 52-week low of $3.45.