Alliance Entertainment Holding Corp

NASDAQ:AENTUnited States

Alliance Entertainment Announces Exclusive Home Entertainment Partnership with Global Film and TV Studio FIFTH SEASON

PLANTATION, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- DS, a division of Alliance Entertainment (NASDAQ: AENT) has announced a partnership with global film & TV studio FIFTH SEASON for the home entertainment releases in the US and Canada.

50,957,370 Shares as of September 30, 2024, and June 30, 2024 5 5 Paid In Capital 48,058 48,058 Accumulated Other Comprehensive Loss (79) (79 ) Retained Earnings 40,042 39,645 ---------- -------- ------- Total Stockholders' Equity 88,026 87,629 ---------- -------- ------- Total Liabilities and Stockholders' Equity $ 395,660 $ 340,812 ========== ======== ======= ALLIANCE ENTERTAINMENT HOLDING CORP. UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS Three Months Ended Three Months Ended ($ in thousands) September 30, 2024 September 30, 2023 ------------------------ -------------------- -------------------- Cash Flows from Operating Activities: Net Loss $ 397 $ (3,462) Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities: Depreciation of Property and Equipment 426 590 Amortization of Intangible Assets 832 1,051 Amortization of Deferred Financing Costs (Included in Interest) 351 42 Bad Debt Expense 302 87 Deferred Income Taxes (967) -- Stock-based Compensation Expense -- 1,328 Gain on Disposal of Fixed Assets (15) -- Changes in Assets and Liabilities, Net of Acquisitions Trade Receivables (10,341) 11,348 Inventory (41,060) (12,669) Income Taxes Payable\Receivable (424) (1,233) Operating Lease Right-of-Use Assets 750 884 Operating Lease Obligations (486) (971) Other Assets (1,176) 1,142 Accounts Payable 43,032 3,123 Accrued Expenses (3,243) (3,999) --------------- ---------------- Net Cash Used in Operating Activities (11,622) (2,739) --------------- ---------------- Cash Flows from Investing Activities: Capital Expenditures (10) -- Net Cash Provided by Investing Activities (10) -- --------------- ---------------- Cash Flows from Financing Activities: Payments on Revolving Credit Facility (201,660) (260,259) Borrowings on Revolving Credit Facility 217,144 252,621 Proceeds from Shareholder Note (Subordinated), Current -- 46,000 Payments on Shareholder Note (Subordinated), Current -- (36,000) Issuance of common stock, net of transaction costs -- 1,332 Payments on Financing Leases (691) (595) Net Cash Provided by Financing Activities 14,793 3,099 --------------- ---------------- Net Increase in Cash 3,161 360 Net Effect of Currency Translation on Cash -- -- Cash, Beginning of the Period 1,129 865 --------------- ---------------- Cash, End of the Period $ 4,290 $ 1,225 =============== ================ Supplemental disclosure for Cash Flow Information Cash Paid for Interest $ 2,975 $ 3,140 Cash Paid for Income Taxes $ 234 $ 44 Supplemental Disclosure for Non-Cash Investing Activities Fixed Asset Financed with Debt $ 7,161 $ --