Thunderbird Entmt Group Inc Stock Price, News & Analysis

Thunderbird Entertainment Group Inc. (OTCQX: THBRF) reported a revenue increase of 25% to $43.7 million for Q1 2023 compared to last year. Free cash flow grew 29% to $4.4 million. Adjusted EBITDA decreased 35% to $4.1 million, attributed to project delivery mix and scheduling. The company has 28 programs in production, a slight increase from 27 last year. Notable projects include productions for Netflix and PBS. A shareholder has also announced intentions to nominate new directors, leading to a postponement of the Annual General Meeting.

Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) has responded to Voss Capital's misleading claim regarding the support of Frank Giustra, a board member and major shareholder. Thunderbird confirms Giustra’s intention to stand for re-election at the upcoming Annual General Meeting and to vote his 12.8% shareholding in favor of the Company's director nominees. Giustra refuted Voss's assertion, stating he does not support Voss's claims. Thunderbird urges Voss to retract its untrue statements publicly.

Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) announced the postponement of its Annual General Meeting (AGM) originally set for December 6, 2022. The new AGM date is expected to be no later than March 6, 2023, as the company seeks to review a shareholder's announcement made on November 4, 2022, regarding a nomination of new directors by Voss Capital LLC. Shareholders are advised that no action is required from them at this time.

Thunderbird Entertainment Group (OTCQX:THBRF) will release its Q1 2023 earnings results on November 17, 2022, prior to the market opening. A conference call is scheduled for the same day at 11 a.m. PT / 2 p.m. ET, led 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. Participants can access the call via phone or webcast, with details available on the company's website.

Thunderbird Entertainment Group reported its fiscal 2022 results, showcasing a 34% increase in revenue to $149.0 million year-over-year. Adjusted EBITDA stood at $20.1 million, marking a 3% increase. Free cash flow reached $13.9 million with no corporate debt. Although revenue growth was driven by production services, gross margins declined due to timing of IP deliveries and increased investment in production talent. The company has 28 shows in production and will host a conference call on October 21, 2022 to discuss these results.

Thunderbird Entertainment Group (TSXV:TBRD, OTC – THBRF) announces premiere dates for 16 new and returning series on platforms like Netflix, Disney+, and Amazon Prime. The highlights include the animated series Princess Power debuting in 2023 and the scripted series Reginald the Vampire that premiered on October 5, 2022. The company has 25 additional projects in production, emphasizing its strong relationships with major media platforms and a growing demand for its diverse content. Thunderbird aims for continued growth in a competitive market.

Thunderbird Entertainment Group Inc. (TSXV:TBRD, OTCQX:THBRF) will release its fiscal year end 2022 results on October 20, 2022. A conference call will follow on October 21, 2022, at 11 a.m. PT/ 2 p.m. ET, featuring updates from CEO Jennifer Twiner McCarron and CFO Barb Harwood. Participants can join via phone or webcast. The company specializes in multiplatform production and distribution of award-winning content, including animated and scripted programming for global audiences.

Thunderbird Entertainment Group is set to premiere Season 11 of Highway Thru Hell on September 26 at 9 p.m. ET, showcasing the impact of the 2021 British Columbia floods. Viewers will witness recovery efforts by heavy operators and first responders in devastated communities, highlighting the challenges they faced during this natural disaster. The season promises real stories of resilience, detailing the destruction and subsequent recovery efforts on essential highways.

Thunderbird Entertainment Group has appointed Nelson Huynh as the new Director of Distribution Sales, effective immediately. Huynh will oversee licensing of children's series and scripted content primarily in EMEA, Latin America, and Asia. Reporting to Richard Goldsmith, he aims to secure commissions and co-productions, representing the company at major events like MIPJUNIOR and MIPCOM in Cannes this October. Huynh brings extensive experience from Kidscreen and will focus on expanding Thunderbird's content sales and distribution reach.