Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
Please consider a small donation if you think this website provides you with relevant information
| Statement |
|---|
| There's just tremendous momentum, both internally and externally around building what we think will be the flagship influencer marketing agency in the country out of the entertainment space |
| We believe that this sends a strong message to our current microcap market, which we expect will reward positive free cash flow, underlining our strategy for creating significant near-term shareholder value |
| With these accomplishments, we believe Dolphin is in its strongest position in company history with highly diversified revenue sources across seven operating subsidiaries and expectations of cash operating profits in 2024 |
| Simply put, the digital department will be a strong growth catalyst amongst our core businesses as we add new verticals of expertise |
| This is a well-run, very profitable, high-margin business as it is, period |
| Special Projects is a very well-run profitable business with a great margin, and we think we can grow them very well in the next 12, 24 months with all the synergies I just mentioned |
| When you have a partner like that, that can bring events during the data winter, it's just very strong for our business |
| And we're very pleased with the outcome |
| We feel very strongly about the work we've put in the last few weeks and months to have these other verticals and that we'd be announcing in the New Year for the digital department |
| We are very confident in our sustainable path forward |
| We are confident that this long-term support from such a prominent player in the financial industry substantially elevates the intrinsic value of this cutting-edge destination |
| I think the cash profit, the cash operating profit, we were very proud of the fact that we built the team that would have done it anyway |
| I'm very proud of the team at Dolphin, which achieved this increase in revenue despite enduring two prolonged industry-wide strikes and the distraction of an internal merger for essentially the entire quarter |
| And there are some very successful exits we can all think of using either celebrity front of product or influencer fronted product in the marketplace |
| We're excited about them all |
| And we're particularly excited |
| Yes, this is obviously a hot topic with folks that have followed our story because it's a great success story for us, the Blue Angels |
| Looking ahead, after successfully navigating these temporary headwinds, and after our successful at-the-market raise, no discount, no warrants of two weeks ago, we find ourselves on stable footing and with the full amount of our targeted cash reserves |
| Thus, ideating and executing world-class events is a big part of Dolphin's future and adding special projects immediately catapults us into the industry-leading position |
| It validates its presence in New York City, and I think you can imagine that there's excitement about what we'll be doing in the future with that space and that brand |
| And needless to say, after hearing that client roster, the reputations and relationships of Andrea and Nicole in our industry are simply unmatched |
| And each of them are ahead of other Dolphin ventures that we are equally excited about and are working hard to realize in 2024 |
| The short-term pain of management distractions in both cash and intangible costs are all behind us now, and we've assembled a beautiful company that is a platform for us in the fastest-growing area of marketing that we know |
| So they're very well regarded in the industry, and we're blessed to have them and they complete the Super Group |
| Just the sports vertical alone could in success, we believe, grow to be as big as our entire business today |
| And third, we completed our 7-year journey to build an entertainment marketing earned media Super Group with the acquisition of the best-in-class talent booking and celebrity live event firm special projects |
| As we look ahead to next year, a landscape of promising opportunities within Dolphin Entertainment and Dolphin Ventures awaits, beginning with the release of and the revenues from the Blue Angels, the first project in our multiyear agreement with IMAX |
| And we expect it to generate more than a 75% return on investment for us just from the sales we've already made |
| And it works especially well when the marketing is as valuable as the quality of the product itself |
| So by the way, this is an immediately accretive acquisition for us |
| Statement |
|---|
| Thus, the cash operating loss was approximately $900,000 |
| On the bottom line, our Q3 operating loss of $2.1 million includes approximately $1.2 million in noncash charges |
| In short, we believe we've weathered the unique storm of this past summer and early fall |
| I think the hesitation you're hearing in my voice is, what will Q1 look like? It's always our weakest quarter and Q4 is always our strongest quarter |
| This compares to an operating loss and net loss for the quarter ended September 30, 2022, of $1.1 million and $1.3 million, respectively, which include noncash items from depreciation and amortization of $415,836 |
| I mean, with the strike ending in -- the actor strike, which is one that impacted us the most, right? And you say how well, of course, the two ways that it impacts us the most would be certain talent don't -- they're not allowed to promote strikes |
| Actual results may differ materially from those expressed or implied in the forward-looking statements due to various risks and uncertainties |
| So it's hard to gauge today because it's a riddle that would only best be answered if we knew how the strikes will linger into Q1 |
| The noncash items included in operating losses consist of nonrecurring $341,417 impairment of the trade name of the social and social light upon combining to become the digital department |
| And as an aside, on a personal note, I can unequivocally say that this run post Labor Day has been the busiest period of my entire career, just one big ticket item after another |
| Net loss for Q3 of 2023 also includes the nonrecurring write-off of our investment in Crafthouse Cocktails of approximately $1.2 million reported under the caption equity and losses of unconsolidated affiliates |
Please consider a small donation if you think this website provides you with relevant information