Feb. 13 at 1:45 PM
Noble Capital Markets Research Report: Alliance Entertainment Holding (
$AENT) – A Disappointing Quarter, But Profitability and Margin Execution Was Strong
Softer than expected revenue and adj. EBITDA. Fiscal Q2 revenue of
$369.0 million was below our
$402.1 million estimate and down from
$394.0 million a year earlier. The largest revenue variance appeared to be attributable to the lack of arcade inventory in its gaming division due to the bankruptcy of one of its vendors. Adj. EBITDA of
$18.1 million was below our
$25.3 million estimate, as a result of higher than expected costs in its licensing business.
Read full report here: https://www.channelchek.com/news-channel/alliance-entertainment-holding-aent-a-disappointing-quarter-but-profitability-and-margin-execution-was-strong
