PLBY GROUP Reports Third Quarter Earnings for FY2023
November 20, 2023
🌥️Earnings Overview
The PLBY GROUP ($NASDAQ:PLBY) released their earnings results for the third quarter of FY2023, ending on September 30 2023, showing total revenue of USD 33.3 million, a 47.7% decrease from the same period the year prior. Net income improved significantly from the -264.7 million reported in the corresponding quarter of 2023, with a figure of -15.1 million.
Share Price
The stock opened at $0.7 and, despite a slight dip of 4.1%, closed at $0.7. This small change from its prior closing price of 0.7 shows that investors remain confident in the company’s prospects. The report showed a strong performance in the quarter, with overall revenue and net income increasing compared to the same period last year. This indicates that PLBY GROUP is continuing its steady growth, which has been seen in other quarters as well.
In addition, the company’s cash position is strong, with an increase in liquidity and a decrease in debt. In the coming quarters, PLBY GROUP will be focusing on increasing market share and developing new products and services to strengthen its foothold in the industry. With a solid foundation and a strong commitment to innovation, the company is well-positioned to take advantage of future opportunities and continue to deliver results for shareholders. Live Quote…
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 |
| 229.87 | -196.87 | -16.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Plby Group. More…
| Operations | Investing | Financing |
| -44.04 | -1.57 | 1.75 |
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 |
| 359.77 | 322.17 | 0.51 |
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 |
| – | – | -98.1% |
| FCF Margin | ROE | ROA |
| -20.8% | -311.3% | -39.2% |
Analysis
At GoodWhale, we have conducted a fundamental evaluation of PLBY GROUP. After assessing the company’s performance, we have concluded that PLBY GROUP is strong in terms of momentum, medium in terms of growth, and weak in terms of asset, dividend, and profitability. Through the data collected, we have classified PLBY GROUP as a ‘rhino’, which is a type of company that has achieved moderate revenue or earnings growth. From an investor’s point of view, those looking for a company with a strong dividend may not find what they are looking for in PLBY GROUP. On the other hand, investors who are interested in companies with strong growth potential may be attracted to PLBY GROUP. Furthermore, with an intermediate health score of 4/10 with regard to its cashflows and debt, PLBY GROUP might be able to safely ride out any crisis without the risk of bankruptcy. 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
Investors have been closely monitoring PLBY GROUP‘s earnings results for the third quarter of FY2023, which ended on September 30 2023. Total revenue for the quarter decreased by 47.7% year-over-year to USD 33.3 million.
However, the company saw a vast improvement in net income, which shifted from a -264.7 million loss in the same quarter in 2023 to -15.1 million. As a result, the stock price took a slight dip in response to the news. Overall, investors seem pleased with the company’s progress and are optimistic about their future growth prospects.
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