IDW Reports Second Quarter Fiscal 2021 Results
ACCESSWIRE
Net Income Increased to $2.5 million
Publishing Revenue Increased 28% Led by Resurgent Direct Market Sales
Sale of CTM Media Completed
NEWARK, NJ and LOS ANGELES, CA / ACCESSWIRE / June 14, 2021 / IDW Media Holdings, Inc. (OTC PINK:IDWM), an integrated media company, today reported net income per share of $0.25 on revenue of $10.1 million for the three months ended April 30, 2021.
Second Quarter Fiscal 2021 (2Q21) Highlights
Consolidated revenue increased to $10.1 from $9.3 million in 2Q20.
COVID-19 Update: At IDW Publishing, direct market sales continued to recover. IDW Entertainment continued to be impacted by industry-wide production / greenlight delays.
Consolidated income from operations decreased to $0.4 million compared to $1.3 million in 2Q20.