Dolphin Entertainment (NASDAQ:DLPN) Announces Quarterly Earnings Results

Dolphin Entertainment (NASDAQ:DLPN) posted its earnings results on Wednesday. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05), Zacks reports. The firm had revenue of $12.36 million for the quarter, compared to analysts’ expectations of $12.10 million. Dolphin Entertainment had a negative return on equity of 67.30% and a negative net margin of 39.39%.

Dolphin Entertainment Price Performance

Shares of DLPN stock opened at $1.06 on Friday. The business’s fifty day moving average is $1.04 and its 200 day moving average is $1.15. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.88. The stock has a market cap of $11.83 million, a price-to-earnings ratio of -0.51 and a beta of 2.00. Dolphin Entertainment has a twelve month low of $0.90 and a twelve month high of $3.04.

About Dolphin Entertainment

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.