4Kids Entertainment Reports 2010 Second
Quarter Results
August 16, 2010 08:03 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--4Kids Entertainment, Inc. (Pink Sheets: KIDE), the global
children’s entertainment and merchandise licensing company, today announced financial results for the second
quarter ended June 30, 2010.
Net revenues for the three months ended June 30, 2010 totaled $2.5 million, compared to $3.6 million for the same
period in 2009. The Company’s net loss attributable to 4Kids Entertainment for the three months ended June 30,
2010 was $(6.5) million, or $(0.48) per diluted share, as compared to a net loss of $(13.8) million, or $(1.04) per
diluted share, for the same period in 2009.
For the six months ended June 30, 2010, net revenues totaled $6.7 million, compared to $12.9 million for the same
period in 2009. The Company’s net loss attributable to 4Kids Entertainment for the six months ended June 30, 2010
was $(9.9) million, or $(0.74) per diluted share, as compared to a net loss of $(15.8) million, or $(1.19) per diluted
share, for the same period in 2009.
As of June 30, 2010, the Company had approximately $4.3 million in cash and $11.4 million in investment securities
at their fair market value.
As the Company has previously announced, the Company is continuing to explore its strategic alternatives. The
Special Committee of the Board of Directors consisting of our four independent directors is presently in discussions
with several companies which may be looking to invest in 4Kids or acquire all or a portion of the Company’s
business. There can be no assurance that any transaction will result from these discussions.
“4Kids had a difficult second quarter as revenue across our separate business segments came in below
expectations," said Alfred R. Kahn, Chairman and Chief Executive Officer of 4Kids Entertainment, Inc. "The
Company, however, did benefit in the second quarter from various strategic cost cutting measures implemented over
the past yea