Thunderbird Entmt Group Inc Stock Price, News & Analysis

On March 6, 2023, at its annual general and special meeting, Thunderbird Entertainment Group (TSXV:TBRD, OTCQX:THBRF) announced that shareholders approved all proposed resolutions. Key voting results included the election of directors with high approval percentages: Jennifer Twiner McCarron (98.17%), Asha Daniere (99.48%), and others. The board size was fixed at six members, and both the Stock Option Plan and Equity Compensation Plan received reapproval with over 99% votes in favor. Additionally, PricewaterhouseCoopers LLP was appointed as auditor. The company granted options for 80,000 common shares at an exercise price of $3.40 per share.

Thunderbird Entertainment Group reported a significant Q2 2023 revenue increase of $15 million (45%) to $48 million compared to the previous year. Revenue for six months rose $23.7 million (35%) to $91.7 million.

However, free cash flow decreased by 52% to $7.8 million, and Adjusted EBITDA fell 14% to $4.3 million. The company faced delays in production, shifting expected income to future fiscal years. Despite this, Thunderbird remains optimistic about long-term growth, driven by ongoing investments and a robust pipeline of upcoming productions.

Thunderbird Entertainment Group Inc. (OTCQX:THBRF) will announce its Q2 2023 earnings results on February 23, 2023, before market opening. A conference call is scheduled for the same day at 11 a.m. PT / 2 p.m. ET, hosted by CEO Jennifer Twiner McCarron and CFO Barb Harwood, who will present financial statements and provide a corporate update. A question-and-answer session will follow. The call and webcast will be available for replay on Thunderbird's website.

Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) will hold its annual general and special meeting of shareholders on March 6, 2023 in Vancouver. The date complies with British Columbia regulations. A management information circular detailing assertions by Voss Capital LLC will be filed and mailed to shareholders, who need not take any action in the meantime. The Circular will be available at www.sedar.com.

Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) addressed a proxy fight initiated by Texas-based Voss Capital, emphasizing its commitment to shareholder value and avoiding a costly dispute. The company highlighted a 25% revenue increase in Q1 and 83% growth from fiscal 2020 to 2022, alongside a 30% rise in adjusted EBITDA. Thunderbird remains profitable and cash flow positive, countering Voss's claims of inadequate value creation. Additionally, it noted the challenging equity market and potential obstacles in engaging foreign bidders due to Canadian cultural approval requirements.

Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) will host a webcast investor presentation on December 14, 2022, at 2:00 p.m. EST. CEO Jennifer Twiner McCarron and CFO Barb Harwood will present the company's key business areas, followed by a Q&A session. Investors can register for the event in advance or access it via telephone. A replay will be available on the company’s website for those unable to attend live. Thunderbird is known for producing award-winning content across multiple platforms, including series like The Last Kids on Earth and Molly of Denali.

Thunderbird Entertainment Group will present at the Planet MicroCap Showcase: VIRTUAL 2022 on December 7, 2022, at 12 p.m. EST/9 a.m. PST. CEO Jennifer Twiner McCarron will host the session and answer questions afterward. Attendees can access the live presentation via the provided webcast link. Interested investors can book one-on-one meetings and register for the event. Thunderbird, headquartered in Vancouver, specializes in creating award-winning programming across various platforms.

Thunderbird Entertainment Group has granted 121,000 Restricted Share Units (RSUs) to its employees as part of its equity incentive compensation plan. The RSUs will vest in three equal installments, rewarding employees for their contributions and encouraging future performance. The settlement of each RSU will be in cash upon vesting. This initiative aligns with the company's goal of fostering employee engagement and success. Thunderbird is well-known for producing award-winning programming across platforms.