Dolphin Entmt Inc Stock Price, News & Analysis

Dolphin Entertainment, Inc. (NASDAQ:DLPN) announced on December 14, 2020, that it has regained compliance with NASDAQ's $1.00 minimum bid price requirement for continued listing. The company achieved compliance after its common stock closed at or above this price for ten consecutive business days. NASDAQ has closed this matter, confirming that Dolphin meets its listing standards.

Dolphin is recognized for its work in entertainment marketing and content production, supporting various top brands in film, television, and music.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) has announced the launch of The Kit, an innovative influencer marketing service by its subsidiary, Be Social Group. This service aims to streamline product delivery to influencers. The inaugural Summer Kit generated over 122 million social media impressions through 588 pieces of content. The holiday edition of The Kit, featuring brands like Arches & Halos, is set for release soon. The initiative is designed to enhance engagement by carefully matching products with influencers, providing brands a cost-effective way to boost visibility.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) has appointed Allison Elbl as Senior Vice President of its subsidiary, Shore Fire Media, effective December 1, 2020. Elbl, with over 20 years of experience in music and entertainment PR, will lead the Los Angeles office and focus on developing new business opportunities. CEO Marilyn Laverty praised her return, highlighting the growth potential. Elbl previously served as SVP at ID PR, successfully launching campaigns for major artists and brands. This strategic hire aims to enhance Shore Fire's capabilities in the competitive music industry.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) announced a 1-for-5 reverse stock split effective November 27, 2020, at 12:01 a.m. EDT. This action will consolidate approximately 32.8 million shares into 6.6 million shares to comply with NASDAQ's minimum bid price requirement of $1.00. Post-split shares will automatically trade at a split-adjusted basis. No fractional shares will be issued, with whole shares provided instead. The company aims to enhance its market standing following this significant corporate action.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) subsidiary Shore Fire Media has celebrated the achievement of its clients, who collectively garnered fifteen GRAMMY nominations across various categories, including Album of the Year. Notable nominees include Jacob Collier for his album Djesse Vol. 3, Sarah Jarosz for World On The Ground, and Ted Hearne for Place. The 63rd Annual GRAMMY Awards will take place on January 31, 2021. This recognition highlights Shore Fire Media's expertise in promoting top-tier artists in the entertainment industry.

Dolphin Entertainment (NASDAQ:DLPN) announced Q3 2020 results, reporting a 23% increase in revenue from Q2, totaling $6.39 million, up from $5.95 million year-over-year. The operating loss narrowed to $493,185, improving from $1.41 million in Q3 2019. The net loss also decreased to $137,630, compared to $326,441 previously. The acquisition of Be Social is highlighted as a significant strategic move to enhance influencer marketing capabilities. The company holds $9.9 million in cash, up from $2.9 million at the end of 2019.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) will host a conference call on November 16, 2020, at 4:30 p.m. ET to discuss its third-quarter financial results for the period ending September 30, 2020. Investors can participate by dialing in or joining via a live webcast. A replay will be available shortly after the event. Dolphin specializes in entertainment marketing and content production through its subsidiaries, offering strategic marketing services to leading brands across various industries.

42West, a subsidiary of Dolphin Entertainment, has achieved a five-star rating in Forbes' first-ever ranking of America's Best PR Firms for 2021. In a survey conducted by Statista, over 12,700 experts and 20,500 customers evaluated more than 5,000 firms, with 42West securing a place in the top 1% as one of only 108 firms to receive this recognition. CEO Bill O'Dowd expressed pride in 42West's excellence, highlighting its role as a trusted partner in the entertainment industry.