Idw Media Holdings, Inc. Reports Earnings Results for the Third Quarter Ended July 31, 2021
September 14, 2021 at 01:26 am IST
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IDW Media Holdings, Inc. announced earnings results for the third quarter ended July 31, 2021. For the third quarter, the company announced sales was USD 6.779 million compared to USD 8.487 million a year ago. Operating loss was USD 2.082 million compared to USD 3.409 million a year ago. Net loss was USD 941,000 compared to USD 4.548 million a year ago. For the nine months, sales was USD 25.332 million compared to USD 28.093 million a year ago. Operating loss was USD 6.768 million compared to USD 7.862 million a year ago. Net loss was USD 4.656 million compared to USD 11.774 million 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.