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Tag: PLBY

  • PLBY Group Inc (PLBY) stock is down in the after-market. Here’s the reason

    PLBY Group Inc (PLBY) stock is down in the after-market. Here’s the reason

    The stock of PLBY Group Inc (PLBY) closed the regular trading session at $16.42, gaining 12.31% from the previous trading session. PLBY stock lost 2.44% in the after-market, following the release of financial performance for Q4 and FY21. The stock kept oscillating between $15.02 and $16.90. The firm filed for the form NT 10-K and 8-K with the SEC. The forms refer to the late submission of form 10-K and annual report, respectively.

    PLBY Group Inc is a worldwide media and lifestyle organization. It was established by Hugh Hefner as Playboy Enterprises to supervise the Playboy magazine and related resources. The firm has a market capitalization of $695.06 million with 42.33 million shares pending. Moreover, PLBY has its headquarter in Los Angeles, California, United States of America (USA).

    PLBY’s financials

    On 1 March 2022, PLBY released the fiscal performance for Q4 and FY21, which ended on 31 December 2021. The total sales expanded by 106.5% in Q4 of FY21 to $95.6 million from $46.3 million in Q4 of FY20. Further, yearly sales grew by 66.9% in 2021 to $246.5 million from $147.6 million in 2020. Also, the firm had a loss from operations of $56.1 million in Q4 of FY21 versus the income from operations of $4.9 million in Q4 of FY20. Moreover, the loss from operations in 2021 was $69.6 million versus the income from operations of $13.6 million in 2020.

    The total loss of the company in Q4 of FY21 expanded massively to $58.1 million from $0.51 million in Q4 of FY20. Further, the total loss for 2021 expanded to $79.7 million from $5.2 million in 2020. The firm reported a loss of $1.33 and $2.09 per stock in Q4 and FY21, respectively.

    The CEO of PLBY Group, Ben Kohn, stated that 2021 was a heavenly year for their organization. The firm had $247 million in yearly income, three acquisitions, the inauguration of their blockchain items. He further added that this year they are collecting the pieces obtained in 2021 to make an adaptable establishment for their changing business.

  • Playboy Enterprises Inc. (PLBY) stock gains in the pre-market trading session. Let’s find out why?

    Playboy Enterprises Inc. (PLBY) stock gains in the pre-market trading session. Let’s find out why?

    Playboy Enterprises Inc. (PLBY) stock surged by 19.46% at the last trading close while the PLBY stock continued to rise by 5.59% in the pre-market trading session. The rise in PLBY stock is not followed by any recent news or update. PLBY Group provides products, facilities, and experiences to customers all over the world to make them look good, feel good, and have fun. Sexual Health, Style & Fashion, Gaming & Lifestyle, and Beauty & Grooming are the four main categories that PLBY Group represents.

    Financial Results 2020

    On March 24, Playboy Enterprises announced its financial results for fourth quarter and full year 2020. Given below is the summary:

    • The revenue generated for the full year 2020 was $147.7 and $46.3 million for the fourth quarter which was a rise of 89% and 118% respectively, compared to previous year.
    • The operating income for the year 2020 was $13.6 million compared to $19.6 million for the full year 2019. Whereas the operating expense for the fourth quarter 2020 was $4.9 million compared to $8.7 million from the previous year’s fourth quarter.
    • The net loss calculated for the year 2020 was $5.3 million compared to $18.3 million for the year 2019, while the net loss for the fourth quarter 2020 was $0.5 million relative to $5.5 million for the previous year’s fourth quarter.
    • In 2020, adjusted EBITDA was $28.3 million, including $6.5 million in the fourth quarter. Out-of-period costs totaled $2.2 million in the fourth quarter EBITDA.

    Furthermore,

    The CEO of PLBY Group Ben Kohn said that they are very pleased with their fourth-quarter and full-year 2020 performance. Despite the pandemic’s turbulence, their diversified international operations generated $46 million in fourth-quarter revenue, up 118 percent year over year, and $148 million in full-year revenue, up 89 percent year over year. Their revenue growth increased across the board, due to the expansion of direct-to-consumer digital commerce sales and a 20% annual increase in our highly profitable licensing business.

    He further added that in 2021, PLBY is off to a strong start, and they’re increasing their sales forecast to more than $200 million this year. As a high-growth consumer lifestyle business, PLBY’s primary emphasis is on accelerating sales growth in order to provide significant long-term value to our shareholders.