JAKK Q4 Loss Widens to $9.1 Million
SANTA MONICA, Calif. -- Jakks Pacific Inc. (JAKK) announced a net loss of $9.1 million in its fourth quarter ended December 31, 2023. The Santa Monica-based toymaker reported a loss per share of 83 cents. Excluding non-recurring items, the loss per share was 67 cents.
Revenue for the quarter amounted to $130.7 million, down from the same period last year. For the full year, Jakks Pacific reported a profit of $33.9 million, or $3.14 per share, on revenue of $691 million.
These results missed analysts' expectations. Zacks Investment Research consensus estimates projected a loss per share of 62 cents on revenue of $132.6 million for the fourth quarter and earnings per share of $3.17 on revenue of $693.1 million for the full year.
JAKK shares were trading down 0.31% in premarket activity following the announcement.