Alliance Entertainment (NASDAQ: AENT) reported $229 million in Q1 revenue, fueled by growth in vinyl (+4.8%), CDs (+4.0%), physical movies (+13.2%), and gaming products (+8.6%). Higher-margin Direct-to-Consumer sales now comprise 34% of gross revenue, up from 30% last year, bolstering profitability. Key achievements include a 23% reduction in distribution expenses and a 33% decrease in revolver debt, improving liquidity. Net income reached $0.4 million, a $3.9 million turnaround, with Adjusted EBITDA up 161% to $3.4 million.
Disclosure
Alliance Entertainment (AENT) is a client of RedChip Companies. AENT agreed to pay RedChip Companies, Inc. a $7,500 monthly cash fee, beginning in September 2024, for six month of investor awareness services. AENT also agreed to pay RedChip a $40,000 fee for a national TV ad campaign aired weekdays from June 3 through June 28, 2024, a $30,000 fee for a three week national TV ad campaign beginning September 12, 2024, and a $40,000 fee for a four week national TV ad campaign aired November 11 to December 6, 2024.
