WLDBF - WildBrain GAAP EPS of -C$0.07 revenue of C$140.5M; reaffirms FY23 guidance

• WildBrain press release ( OTC:WLDBF ): Q2 GAAP EPS of -C$0.07.
• Revenue of C$140.5M (-8.3% Y/Y).
• Adjusted EBITDA in Q2 2023 was C$26.0M, compared with C$27.3M in Q2 2022.
• Cash provided by operating activities in Q2 2023 was C$63.1M, compared to C$11.3M provided by operating activities in Q2 2022.
• Free Cash Flow for Q2 2023 was positive C$26.4M, compared with negative Free Cash Flow of C$0.8M in Q2 2022.
• Outlook: " Reaffirming our expectations for Fiscal 2023 for revenue of approximately C$525 million to C$575 million vs. consensus of $ and adjusted EBITDA of approximately C$95 million to C$105 million.
• We expect to see acceleration in growth in the second half of Fiscal 2023 as we close deals later in the year that we expected earlier in the year."

For further details see: