Alliance Entertainment Holding Corporation Stock Price, News & Analysis

Alliance Entertainment (AENT) reported strong Q1 FY2025 results with net revenue of $229 million. Key highlights include increased sales across vinyl (4.8%), CDs (4.0%), physical movies (13.2%), and gaming products (8.6%). Direct-to-Consumer sales grew to 34% of gross revenue, up from 30% year-over-year. The company achieved net income of $0.4 million, a $3.9 million improvement from prior year's loss, while Adjusted EBITDA improved to $3.4 million. Operating expenses decreased significantly, with distribution costs down 23% and SG&A down 9%. The company reduced its revolver debt by 33% to $85 million and decreased inventory levels to $138 million.

Sub Pop Records, through AMPED Distribution (Alliance Entertainment - Nasdaq: AENT), launched a major campaign with Barnes & Noble running from October 2, 2024, to January 5, 2025. The promotion features six exclusive edition color variant vinyl LPs sold exclusively at Barnes & Noble stores, including releases from Suki Waterhouse, Father John Misty, Beach House, Fleet Foxes, Soundgarden, and Orville Peck. Customers purchasing any Sub Pop vinyl or CD receive a free branded tote bag while supplies last. The campaign includes special store displays, social media promotion, and autographed vinyl giveaways at 16 new Barnes & Noble store openings in November 2024.

Alliance Entertainment (Nasdaq: AENT) announced it will host a conference call on November 12, 2024, at 4:30 p.m. Eastern Time to discuss first quarter fiscal 2025 results for the period ended September 30, 2024. Executive Chairman Bruce Ogilvie and CEO/CFO Jeff Walker will lead the call, which includes a Q&A session and presentation. The company, a global distributor of music, movies, toys, and electronics, offers over 325,000 unique SKUs, including 57,300 exclusive media items. The call will be available for replay through January 12, 2024.

Distribution Solutions, a division of Alliance Entertainment (NASDAQ: AENT), has secured an exclusive distribution partnership with Magenta Light Studios for physical home entertainment releases in the US and Canada. The agreement covers domestic sales, authoring, manufacturing, and trade marketing for all upcoming Magenta Light Studios physical releases. The partnership's first release will be Strange Darling, launching on DVD and Blu-ray on November 12, 2024. The horror film, which features Willa Fitzgerald and Kyle Gallner, achieved $3M at the domestic box office and holds a 95% Critics Score on Rotten Tomatoes with a Certified Fresh rating.

OPEX has installed its new Sure Sort X Automated Sorting System at Alliance Entertainment's Kentucky warehouse. The system enhances Alliance's supply chain capabilities, handling 90% of their inventory across various product lines including music, movies, toys, collectibles, and electronics. The Sure Sort X offers improved speed, efficiency, and flexibility compared to their previous sorting methods, particularly for larger items that were previously sorted manually. The implementation was completed in approximately two months with comprehensive training and support from OPEX.

RedChip Companies will air interviews with Alliance Entertainment Holding (Nasdaq:AENT) and Nova Minerals (Nasdaq:NVA) on the RedChip Small Stocks, Big Money™ show on Bloomberg TV on October 5, at 7 p.m. ET. Bruce Ogilvie, Executive Chairman of Alliance Entertainment, discusses the company's position as the leader in physical media distribution, highlighting its $4.6 million net income in fiscal 2024, a $40 million improvement from the previous year.

Christopher Gerteisen, CEO of Nova Minerals, presents the company's Estelle Gold Project in Alaska, which holds a 5.2 million ounce gold resource. Nova Minerals trades at A$6 per ounce of gold on an enterprise value basis, compared to the sector average of A$70/oz. The company is conducting a Feasibility Study expected to optimize project economics and incorporate critical minerals like antimony.

Alliance Entertainment Holding (Nasdaq: AENT), a global distributor and wholesaler of music, movies, video games, electronics, arcades, toys, and collectibles, announces an exclusive live investor webinar and Q&A session on October 15, 2024, at 4:15 p.m. ET. The event, hosted by RedChip Companies, will feature Chairman Bruce Ogilvie and CEO Jeff Walker discussing Alliance's position as the undisputed leader in physical media distribution.

Key highlights include:

• Alliance's extensive reach and scale create an impenetrable moat in the industry
• Fiscal 2024 saw a dramatic financial turnaround with $4.6 million in net income, a $40 million improvement from the previous year
• The company is positioned for continued success as a capital-light, low-cost provider

Investors can register for the free webinar and submit questions in advance or during the live event.

Alliance Entertainment Holding (Nasdaq: AENT) reported its financial results for Q4 and fiscal year 2024 ended June 30, 2024. Key highlights include:

- Net revenue of $1.1 billion for FY 2024

- Gross profit increased 24% to $128.9 million, with margin improving 270bps to 11.7%

- Net income of $4.6 million, a $40 million improvement from prior year

- Adjusted EBITDA improved by $41.9 million to $24.3 million

- Higher-margin Direct-to-Consumer sales increased to 36% of gross revenue

- Inventory reduced to $97 million from $147 million

- Revolver balance reduced by 45% to $73 million

- Secured new $120 million credit facility

The company focused on operational efficiencies, margin improvements, and strengthening its balance sheet, resulting in a significant profitability turnaround.

Alliance Entertainment Holding (Nasdaq: AENT) has announced a conference call to discuss its fourth quarter and fiscal year 2024 results on September 19, 2024, at 4:30 p.m. Eastern Time. The call will be hosted by Executive Chairman Bruce Ogilvie and CEO/CFO Jeff Walker, followed by a Q&A session. A press release detailing the results will be issued before the call, and a presentation will be available during the webcast and on the company's investor relations website.

Participants can join via toll-free (1-877-407-0784) or international (1-201-689-8560) dial-in numbers using Conference ID 13748671. The call will be broadcast live and available for replay at the provided webcast link and on the company's website. A telephone replay will be accessible until November 19, 2024.