The Fundamentals Are Starting To Matter For Genius Brands (NASDAQ:GNUS)
3:40 pm Monday, August 09th, 2021
Headquartered in Beverley Hills, California is a publicly-traded global children’s media company that creates and licenses animated entertainment content, seems to have the right stuff. With the outburst of the pandemic, the screen time has increased immensely especially for kids and so has the kid’s animation shows and drama likewise.
According to the Research Reports World, the kid’s animation shows and drama market achieved a revenue haul of nearly $5.3 billion in 2019 and it is anticipated that by the year 2023, the industry would be a valuation of $7.14 billion, a compound annual growth rate of 5.2% between 2021 and 2025. Thus, opening enormous prospects for those in the industry and clearly, plenty of opportunities exists for Genius Brands (NASDAQ:GNUS) stock as well. However, looking at the numbers, Genius Brands’ revenue last year measured only $2.48 million, a result easily overshadowed by the company’s larger, well-known competitors.
Looking at the developments in the company, the company’s animated series Rainbow Rangers is gaining tremendous popularity among kinds and thus growing its viewership dramatically across multiple media worldwide. The company generated a revenue of $1.06 million in the first quarter of the year 2021 which is apparently 3 times more than its year-ago quarter tally but down sequentially (against Q4 2020) 19%. Thus, there is a lot of speculations with regard to the stock as to whether it would soar or would it stagnate. Given the current circumstances, both the possibilities are equally strong.
