IDW Announces Strong Second Quarter Despite Net Losses

IDW Announces Strong Second Quarter Despite Net Losses

Friday, June 19th, 2020 1:41am CDT

Categories: Comic Book News, Press Releases, Company News, Book News
Posted by: Emerje   Views: 34,245

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It's no surprise 2020 hasn't be great for businesses. The comics and publishing industries have been hit especially hard between halted productions, shipping delays, and most retailers only just now starting to come out of quarantine. But despite all of that IDW has announced a strong second quarter to 2020 even with a net loss of $0.04 per share. Revenue dropped to $11.6 million in the second quarter from a first quarter high of $14.1 million, which is no doubt a large drop, but it's a considerable improvement over the 2019 year revenue of $7.8 million.

Much of their growth comes from live action properties like completing production on the first half of season four of Wynonna Earp and Netflix ordering a second season of Locke & Key. They also credit things like puzzles, board games, coloring books and new graphic novels. They were also able to soften the blow of the pandemic through things like Paycheck Protection Program loans amounting to $3.0 million for furloughed employees, the majority of which have returned to work. IDW was also able to do things like focus on "back catalog, digital sales, direct-to-consumer sales, foreign sales, and book market channels" to keep ahead. This is where Transformers would have had the most influence on their revenue despite few titles being mentioned directly in the report.

There's a lot more information at the link above and charts aplenty if you really want to go deep on the details. If you were ever concerned that IDW was in trouble then rest assured that they're doing just fine and more Transformers comics are on the way!

Transformers News: IDW Announces Strong Second Quarter Despite Net Losses

Credit(s): IDW press release


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Re: IDW Announces Strong Second Quarter Despite Net Losses (2069388)
Posted by william-james88 on June 26th, 2020 @ 12:02am CDT
There has been lots of comic book news recently, now that comics are a regular thing again. The latest Transformers vs Terminator comic came out yesterday and for those that didn't pick it up yet, we have a nice preview of Milne's art available for you below. Speaking of Alex Milne, we have quite a bit more from him. We have the line art for his B cover of Transformers: Galaxies issue #11 and a first look at his B cover for Transformers: Galaxies issue #7.

And speaking of awesome artists, we also have a cover from Nick Roche. It's the retail incentive cover for Transformers ’84: Secrets and Lies issue #1. You can see all this awesome art below.

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Re: IDW Announces Strong Second Quarter Despite Net Losses (2069412)
Posted by TheForgottenTaxi on June 26th, 2020 @ 9:43am CDT
Damn, I have no interest in a Terminator crossover... but Alex Milne's art is ALMOST enough to win me over.

Also interesting to see a tease of Arcee in Transformers '84. Furman's history with her is... not great.
Re: IDW Announces Strong Second Quarter Despite Net Losses (2069829)
Posted by Ultra Markus on June 29th, 2020 @ 6:57pm CDT
i hope they have more than the T-800s :-?

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