Thunderbird Entmt Group Inc Stock Price, News & Analysis

Thunderbird Entertainment Group (TSXV:TBRD, OTCQX:THBRF) has announced its upcoming fiscal Q2 2025 financial results release and conference call schedule. The company will release its Q2 results after market close on February 19, 2025, followed by a conference call and webcast on February 20, 2025 at 11 a.m. PT/ 2 p.m. ET.

During the call, CEO and Chair Jennifer Twiner McCarron will provide a business operations overview, while CFO Simon Bodymore will present the financial statements. The executives will conduct a Q&A session following their prepared remarks. The call will be accessible via pre-registration, webcast, or direct dial-in options for participants from Canada, United States, and other locations.

Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) held its annual general meeting on December 12, 2024, where shareholders approved all proposed matters. The meeting resulted in the reappointment of all Board directors, including Jennifer Twiner McCarron, Asha Daniere, David Lazzarato, Azim Jamal, Jerome Levy, Lisa Coulman, and Taylor Henderson.

Shareholders also approved a new Omnibus Equity Incentive Plan, replacing the existing stock option and equity incentive compensation plans. The new plan allows for up to 10% of outstanding Common Shares to be reserved for various equity instruments including stock options, RSUs, DSUs, and PSUs. Following the meeting, the company granted 179,476 RSUs to non-executive directors on December 16, 2024, which will vest prior to the next annual meeting or one year from the grant date.

Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) has announced arrangements to address mailing delays caused by the Canadian Union of Postal Workers strike. The company's annual general and special meeting is scheduled for December 12, 2024, at 9:00 am PST. Due to the postal strike, Thunderbird is relying on CSA Coordinated Blanket Order 51-931 for temporary exemption from requirements to send proxy-related materials.

Shareholders will vote on several matters, including fixing the number of directors at seven, director elections, re-approval of stock option and equity incentive compensation plans, and appointment of PricewaterhouseCoopers LLP as auditor. All proxy-related materials are available on SEDAR+ and the company's website. The voting deadline is set for December 10, 2024, at 9:00 am PST.

Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) has announced an upcoming investor webcast scheduled for December 17, 2024, at 11:00 a.m. PT/ 2:00 p.m. ET. During the presentation, CEO and Chair Jennifer Twiner McCarron and CFO Simon Bodymore will discuss key aspects of the company's business operations.

The webcast will include a formal presentation followed by an investor Q&A session. For those unable to attend live, a replay will be available on the company's investor website. Interested participants can register in advance through the provided Zoom webinar link.

Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) has received TSXV approval for a new Normal Course Issuer Bid (NCIB). Under this program, the company can purchase and cancel up to 3,190,236 common shares (10% of public float) between December 9, 2024, and December 8, 2025.

Under the existing NCIB, which expires December 6, 2024, Thunderbird has already repurchased 591,400 shares at an average price of $2.08 per share, totaling $1,229,881. The company will cease additional purchases under the existing NCIB. Purchases will be made through TSXV facilities via Cormark Securities Inc., with pricing based on market conditions.

Thunderbird Entertainment Group announced that due to an ongoing Canada Post Labour dispute, the Meeting Materials for their upcoming Annual and Special General Meeting will be held at Odyssey Trust Company. The virtual meeting is scheduled for December 12, 2024, at 9:00 am PST. Meeting Materials will not be distributed until the postal dispute resolves. Shareholders can access materials through SEDAR+ or contact Odyssey Trust Company for registered shareholders' control numbers. The voting deadline is set for December 10, 2024, at 9:00 am PST.

Thunderbird Entertainment Group has announced several equity compensation updates. The company granted 143,317 restricted share units (RSUs) to non-executive directors, vesting on December 14, 2024, and 171,606 RSUs to executive management, vesting over three years. Additionally, 400,412 performance share units (PSUs) were granted to executive management, subject to performance targets and one-year vesting. CEO Jennifer Twiner McCarron's compensation has been restructured, eliminating guaranteed bonuses in favor of performance-based incentives tied to AEBITDA targets and strategic objectives, effective July 1, 2024.

Thunderbird Entertainment Group reported strong Q1 fiscal 2025 results with significant growth across key metrics. Revenue increased 36% year-over-year to $45.7 million, while Adjusted EBITDA grew 64% to $4.1 million. The company achieved net income of $1.6 million, a $2.3 million improvement from the previous year's loss. Free Cash Flow reached $9.7 million, up $12.1 million year-over-year. The company maintains its fiscal 2025 forecast targeting 20% revenue growth and over 10% AEBITDA growth. During Q1, Thunderbird had 25 programs in various stages of production, working with 17 clients.

Thunderbird Entertainment Group (TSXV:TBRD, OTCQX:THBRF) has announced its upcoming fiscal Q1 2025 financial results release and conference call schedule. The company will release results after market close on November 20, 2024, followed by a conference call and webcast on November 21, 2024 at 11 a.m. PT/ 2 p.m. ET. CEO Jennifer Twiner McCarron will provide a business operations overview, while CFO Simon Bodymore will present financial statements, followed by a Q&A session.