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William O'Dowd | executive |
Mirta Negrini | executive |
Allen Klee | analyst |
Greetings. Welcome to the Dolphin Entertainment Fourth Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. the Ir. to turn Carbonara host, now Hayden of will conference your over James I
begin. may You
call Thank such statements differ company you, forward-looking Chief only me in subsequently reading Executive reflect does like not operator. the on filed With statements forward-looking filed has begin the Officer; other O'Dowd, are as to Please and Chief made today's may and or company's could safe Bill update by harbor Mirta Form this on significant risks this statements. in call on reports facts annual to in cause statements note made Form XX-Q any forward-looking with the call Negrini, the obligation report results on made not historical are or Financial detailed the expressed statement. are quarterly well date, Any I'd that uncertainties be supplement supplemented to that undertake from are the statements company are XX-K on not implied of that and as as the Officer. actual by developments. SEC. the to historical subsequent that call any those facts reports and
call would like please to to Now Bill, I CEO turn over Dolphin O'Dowd, Entertainment. the of Bill proceed.
the the of career. in Thanks, today. people James. end That you was Hi, are back the for statement afternoon. you I Thank know your at us you'll shortest ever read everyone. safe have joining harbor hoping Good come call.
Q&A. full open financial by a start operating we'll some financial it highlights, and a with always, review As then and up for of followed review
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XXXX, X expenses for $X.X the ended noncash were fourth million the XXXX. quarter of prior of compared to as in XXXX, revenue were were the $X.X quarter I million the was and quarter composed or million months for costs acquisition X approximately months quarter approximately fourth and XX, amortization, release our quarter ended approximately in and ended same were good of quarter now fourth Acquisition as of ended Total direct fourth general including you, to December $XXX,XXX quarter income, fourth X the of expenses operating nonrecurring million the December an million expenses, and year. compared to $XXX,XXX defined X approximately and million, $XXX,XXX administrative discuss in XXXX approximately operating payroll XXXX. in Operating approximately the depreciation in approximately approximately expenses costs adjusted Thank XX, of in Bill, income of Direct receivable of legal XXXX. XX, of approximately earnings XXXX, XX, notes over fourth expenses. $XXX,XXX compared including the million December for selling, compared $X.X results. million were December expenses financial SG&A operating XXXX, noncash of the of for quarter the XXXX, will Operating and expenses increase afternoon, period for costs, the costs, or XXXX. approximately months $X X% XX, to Adjusted the ended to quarter nonrecurring everyone. compared quarter December Payroll ended XX, $XX the approximately professional XXXX XXXX, XXXX. December XXXX are for costs, for the benefits, $XX.X in write-off of $XXX,XXX for December goodwill December fees. compared XX, fourth costs was $X.X months ended million, XX, $XX to $XXX,XXX of $X.X ended in the impairment
acquisition $X.X as impaired fair the Operating investments shares quarter and midnight and respectively. to nonrecurring included quarter approximately $XXX,XXX $X.X loss approximately and our average million fourth and million an share impairment $X.X weighted of on as notes and Cash per costs per loss approximately now goodwill weighted of outstanding also approximately $X net This December my noncash XXXX, cost XXXX, $X.XX share net share million million. $XXX,XXX net write-off, the per respectively, of $X quarter were equity per in That of million $XXX,XXX equivalents up the Net on XXXX. These December would XX, million equity $X.XX December approximately cash per XX, fees approximately loss for amortization contingent December share in to of losses changes loss December approximately X During and was as of include compares depreciation $X.X share consideration. basic of of from $XXX,XXX the December share bad million XX,XXX,XXX a questions. of the the the $XXX,XXX. for of affiliates. $XXX,XXX $XXX,XXX, diluted and in ended loss million, you based operating XX, XX, fully professional Loss to impairment, acquisition XX, per XXXX. which $X Loss fourth and to $X.X for outstanding line noncash theater shares investments for share also losses compared ended fourth XXXX, million compared operator impaired $XXX,XXX the $X of receivable for write-off in of the The open loss or questions? basic $XXX,XXX $X.X quarter by XXXX. the months XXXX. Legal and loss XXXX, and to amortization $XXX,XXX respectively, from for remarks. of of includes in from included and value was million, of goodwill, both of XXXX of items of diluted $X.X depreciation debt please per the for quarter phone nonrecurring financial will months loss amount for in compared poll approximately XX, the and $XXX,XXX of XX,XXX,XXX quarter items of concludes X ended in Operator, include as goodwill million XXXX. ask I fully we fourth of based and $X loss and million, ended average and
moment Thank please you. [Operator Instructions]. One for questions. Instructions]. while poll [Operator we
first The question from comes Maxim. Allen with Klee
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further O'Dowd to closing over in Bill now will I no remarks. have questions queue. We turn for the call
special my team. a I all name. right? heart. and Andrea just by built high-quality listening. in of think and I you. I'm time, thank workers, Well, very I short was growing It's to be everyone, in nice a very XXXX. XX-K for the their here welcome Thank entire the strong beautiful It's the I'd company. be has, time, Very you, to Nicole and a given company that world shout special of to people, reiterate for at period down projects. they've
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you thank much. So all very
conference, today's and time. This you your this Thank lines disconnect at for may concludes your participation. you
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