Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2024 Rev YoY: -7.3% EPS YoY: +58.6% Move: +5.39%

Alliance Entertainment

AENT

$7.04 5.39%

Exchange NASDAQ Sector Communication Services Industry Entertainment

Q3 2024

Published: Mar 31, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for AENT

Reported

Report Date

Mar 31, 2024

Quarter Q3 2024

Revenue

211.21M

YoY: -7.3%

EPS

-0.07

YoY: +58.6%

Market Move

+5.39%

Previous quarter: N/A

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Earnings Highlights

Revenue of $211.21M down 7.3% year-over-year
EPS of $-0.07 increased by 58.6% from previous year
Gross margin of 12.6%
Net income of -3.38M
""On the gross margin side, we’re definitely seeing a lot more focus on profitable sales. Last fiscal year, we were definitely still working on some liquidation sales that really impacted our gross margins. So we’re continuing to see our gross margins improve here for fiscal 2024. And I think you’re going to see an improvement in gross margin going into fiscal 2025 as well."" - Jeff Walker

AENT

Company AENT

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 7, 2026

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Executive Summary

Alliance Entertainment reported a Q3 FY2024 revenue of $211.2 million, down 7.3% year-over-year, reflecting the continued unwind of prior liquidation sales and a softer top line relative to the COVID-era peak. Despite the revenue shortfall, gross profit rose modestly to $26.6 million with a 12.6% gross margin, signaling improved product mix and tighter cost controls. GAAP net income for the quarter remained negative at approximately $3.38 million, but the company delivered a positive adjusted EBITDA of $2.9 million, marking a fourth consecutive quarter of EBITDA-positive results and a step toward the 4%-5% adjusted EBITDA-to-revenue target communicated by management for 2024.

Key Performance Indicators

Revenue

Decreasing

211.21M

QoQ: -50.37% | YoY: -7.25%

Gross Profit

Decreasing

26.61M

12.60% margin

QoQ: -44.22% | YoY: -2.62%

Operating Income

Increasing

1.41M

QoQ: -91.18% | YoY: 134.84%

Net Income

Increasing

-3.38M

QoQ: -137.88% | YoY: 56.43%

EPS

Increasing

-0.07

QoQ: -136.83% | YoY: 58.56%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: Q3 2024 revenue of $211.2M, YoY -7.25%, QoQ -50.37% (per company metrics). Gross profit: $26.6M, gross margin 12.6% (vs. 12.6% stated in data; management also cited 13.3% for the quarter in commentary). Operating income: $1.41M (0.67% margin). Net income: -$3.38M (-1.60% margin). EBITDA: $0.60M (GAAP); Adjusted EBITDA: $2.90M (quarterly). Nine months ended 3/31/2024: Revenue $864.0M; Gross profit $102.0M; Gross margin 11.8% (vs. 8.1% prior year). Net income (nine months) $2.1M; Adjusted EBITDA $22.2M. Inventory declined to $108.0M (YoY from $163.0M); debt declined to $87.0M (YoY from $127.0M). Balance sheet health improved with a new $120.0M senior secured asset-based facility and planned Minnesota facility closure by 5/31/2024. Cash flow indicators per alternative metrics: operating cash flow per share $0.42; free cash flow per share $0.42. Current ratio 1.394; quick ratio 0.652; cash ratio 0.0113. In-stock SKUs: ~325,000. Management targets 4%-5% adjusted EBITDA margin for 2024, indicating ongoing margin discipline and cost-reduction initiatives.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	211.21M	-7.25%	-50.37%
Gross Profit	26.61M	-2.62%	-44.22%
Operating Income	1.41M	134.84%	-91.18%
Net Income	-3.38M	56.43%	-137.88%
EPS	-0.07	58.56%	-136.83%

Key Financial Ratios

Gross Profit Margin

Weak

12.60%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

0.67%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.02%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.01%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.04%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.39

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

1.09

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Negative

-7.84x

Negative earnings make P/E ratio not meaningful

Price to Book

Fair Value

1.25x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	213.05	0.04	+0.9%	View
Q2 2025	393.67	0.14	-7.5%	View
Q1 2025	228.99	0.01	+0.6%	View
Q4 2024	236.93	0.05	+4.0%	View
Q3 2024	211.21	-0.07	-7.3%	View

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Alliance Entertainment (AENT) Q3 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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