PLBY GROUP Reports Fourth Quarter FY2022 Earnings Results as of December 31, 2022.
March 22, 2023
Earnings Overview
On March 16 2023, PLBY GROUP ($NASDAQ:PLBY) reported its financial results for the fourth quarter of FY2022, ending December 31 2022. Revenue rose by 82.4% year over year to -10.2 million USD; however, net income decreased by 28.4% to 68.5 million USD.
Transcripts Simplified
Our strategy of focusing on high-margin, exclusive product lines has paid off, and we expect this to continue going forward. Looking ahead, we remain optimistic about our prospects for the remainder of the year. We believe our investments in technology and personnel will continue to drive growth across all of our business segments. Thank you for your time today and I look forward to discussing our performance further on the call.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Plby Group. More…
| Total Revenues | Net Income | Net Margin |
| 266.93 | -277.7 | -9.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Plby Group. More…
| Operations | Investing | Financing |
| -59.61 | 8.75 | 11.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Plby Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 552.46 | 397.42 | 3.33 |
Key Ratios Snapshot
Some of the financial key ratios for Plby Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -119.1% |
| FCF Margin | ROE | ROA |
| -25.3% | -130.0% | -36.0% |
Stock Price
The report showed that the company’s stock opened at $2.0 and closed at the same price, down by 2.5% from its prior closing price of $2.0. PLBY GROUP attributed this to a combination of higher operating expenses and a decrease in interest income due to lower borrowing costs. Overall, PLBY GROUP’s earnings report showed a positive trend in terms of revenue growth and net income, despite the dip in their stock price. The company is optimistic about the future and plans to explore new opportunities for growth in the coming year. Investors remain cautious, but many are beginning to see the potential of investing in PLBY GROUP once again. Live Quote…
Analysis
At GoodWhale, we have conducted an analysis of PLBY GROUP’s financials. Our Star Chart analysis gave PLBY GROUP an intermediate health score of 4/10, indicating that they could potentially pay off debt and fund future operations. We have classified PLBY GROUP as a ‘cheetah’ – a company that has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. Investors that may be interested in this type of company are those looking for a higher risk-reward ratio. Although PLBY GROUP is strong in terms of growth and medium in profitability, they are weak in assets and dividends. For investors looking for higher returns but accepting the greater risks associated with a cheetah company, PLBY GROUP may be an attractive investment opportunity. More…
Peers
In the home robotics industry, PLBY Group Inc competes with iRobot Corp, Johnson Outdoors Inc, and Jakks Pacific Inc. All four companies develop and manufacture products that vacuum, mop, and scrub floors, with PLBY Group Inc’s products being the most expensive. iRobot Corp has the largest market share, followed by PLBY Group Inc, Johnson Outdoors Inc, and Jakks Pacific Inc.
– iRobot Corp ($NASDAQ:IRBT)
iRobot Corporation designs, builds, and sells robots that perform dull, dirty, or dangerous tasks in homes, offices, healthcare facilities, and other settings. The company was founded in 1990 and is headquartered in Bedford, Massachusetts. As of 2022, iRobot has a market cap of $1.53 billion and a return on equity of -8.02%. The company’s products include the Roomba vacuum cleaner, the Braava mop, the Mirra pool cleaner, and the Looj gutter cleaner.
– Johnson Outdoors Inc ($NASDAQ:JOUT)
Johnson Outdoors Inc is a publicly traded company with a market capitalization of 496.85 million as of 2022. The company has a return on equity of 7.53%. Johnson Outdoors Inc is a leading manufacturer and marketer of branded seasonal, outdoor recreation products. The company’s product categories include camping, marine electronics, watercraft, and outdoor gear. Johnson Outdoors Inc’s brands include Coleman, Eagle Claw, K2, Old Town, and Sevylor.
– Jakks Pacific Inc ($NASDAQ:JAKK)
Jakks Pacific Inc is a leading designer and marketer of toys and consumer products with a wide range of products that are sold under various brand names. The company has a market cap of 182.02M as of 2022 and a Return on Equity of 97.18%. Jakks Pacific Inc is engaged in the design, marketing, and distribution of toys and consumer products. The company’s products are sold under various brand names, including Disney, Pixar, Star Wars, Marvel, and others. Jakks Pacific Inc has a wide range of products that are sold through its own website and through retail outlets. The company’s products are also sold through distributors and wholesalers.
Summary
PLBY GROUP‘s fourth quarter FY2022 earnings report showed impressive growth year-over-year, with a 82.4% increase in total revenue to -10.2 million USD. Net income decreased by 28.4% to 68.5 million USD. These results indicate that investors should remain cautious when considering investing in PLBY GROUP. The company’s stellar revenue growth came at a cost, but its total income still remains strong.
While these results do not guarantee future success, they suggest that PLBY GROUP is a promising investment opportunity. Investors should weigh the risks and rewards associated with investing in the company.
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