BrandPilot AI Inc. Provides Corporate Updates Highlighting New Client Acquisitions, Strategic Partnerships, DTC Eligibility, and Upcoming Investor WebinarNovember 08, 2024 9:10 AM EST | Source: BrandPilot AI Inc.Momentum Builds for BrandPilot AI with Diverse Client Wins and Expanded Access for U.S. and Global InvestorsCompany to host investor webinar on November 28, 2024Toronto, Ontario--(Newsfile Corp. - November 8, 2024) - BrandPilot AI Inc., (CSE: BPAI) (OTCQB: BPAIF) ("BPAI" or the "Compan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-40979 Solo Brands, Inc. (Exact Name of Registrant as Specified in its Charter) | --- | --- | |------ ...

Solo Brands, Inc. (DTC) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -60%. A quarter ago, it was expected that this company would post earnings of $0.12 per share when it actually produced earnings of $0.04, delivering a surprise of -66.67%.Over the last four quarters, the company ...

Solo Brands, Inc. Announces Third Quarter Results Reaffirms Full Year 2024 Guidance 1 Grapevine, Texas, November 7, 2024: Solo Brands, Inc. (NYSE: DTC) ("Solo Brands" or "the Company") today announced its financial results for the three and nine month period ended September 30, 2024. "Our third quarter results were in line with our expectations despite a continued challenging macroeconomic backdrop for big ticket consumer durable items," said Chris Metz, Chief Executive Officer of Solo Brands. "We continue ...

Skechers U.S.A., Inc. (SKX) reported impressive third-quarter 2024 results, with the top and the bottom line surpassing the Zacks Consensus Estimate. Also, both metrics improved year over year. Following impressive performance, this Manhattan Beach, CA-based footwear company raised its fiscal 2024 guidance. As a result, shares of SKX rose 5.9% during the after-market trading session yesterday.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Skechers achieved a record-breaking quarter w ...

Bally Sports Will Become FanDuel Sports Network on October 21 SOUTHPORT, Conn. and NEW YORK, Oct. 18, 2024 /PRNewswire/ -- Diamond Sports Group ("Diamond") and FanDuel, North America's premier online gaming company, today announced an agreement on a broad, long-term commercial partnership, including: Exclusive right to name Diamond's 16 regional sports networks ("RSNs") and Diamond's digital offerings, including the direct to consumer ("DTC") product, as FanDuel Sports Network; linear and digital media plac ...

Ashburn, Va and Whiteley, Hampshire, UK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Domo Tactical Communications (DTC), the leading provider of wireless MESH IP technology and advanced communication solutions, today announced the launch of the BluSDR-90-UL, the latest addition to its trusted BluSDR™ product line. Designed to meet the evolving needs of both mobile and fixed-site applications, BluSDR-90-UL is optimized for long-range communication on drone platforms, enabling reliable connectivity capable of over 150k ...

An analyst views the launch of ESPN's DTC streaming platform as a mixed bag for The Walt Disney Company DIS, with both positives and negatives. While potential challenges loom, renewed NBA rights and NCAA football playoffs could help offset future weakness. The Disney Analyst: Macquarie analyst Tim Nollen retained a Neutral rating on Disney and lowered the price target from $94 to $91. Read Also: Disney's Q3 Earnings: Revenue And EPS Beat, Streaming Business Turns Profitable, Strong ESPN Revenue Boost The A ...

For the new season, every locally-produced game will stream live on new apps and air on broadcast over-theair SUNRISE, Fla. and NEW YORK, Aug. 13, 2024 /PRNewswire/ -- The reigning NHL Stanley Cup Champions, the Florida Panthers, have announced a strategic multi-year alliance with ViewLift, a leading digital content distribution and monetization platform, to launch a new fan-centric direct-to-consumer (DTC) streaming service. This service will allow Panthers fans to stream all locally-available games live o ...

Company Performance and Financials - Solo Brands' stock price has plunged by over 70% since late 2023, with a nearly 80% decline in 2024, largely due to Q2 earnings and lowered guidance [1] - Q2 2024 revenue was $131 million, flat compared to Q2 2023, with direct-to-consumer revenue slightly down to $99 million and retail revenue up 4.8% to $33 million [7] - The company reported a net loss of $4.037 million in Q2 2024, compared to a net income of $11.514 million in Q2 2023, driven by increased operating expenses, particularly SG&A costs, which rose by over 11% [8][9] - Gross margins declined, and the company generated a net loss both quarter-to-date and year-to-date [8] - Solo Brands' net leverage ratio has risen to 3.3, indicating increased financial risk [11] Consumer Insights and Brand Strength - Solo Brands' products, particularly Solo Stove and Chubbies, are viewed very positively by consumers, with Solo Stove achieving a top 1 percentile Net Promoter Score in the outdoor goods market [2] - The average household income for Solo Stove consumers is close to $200,000 annually, and for Chubbies, it is roughly $140,000 annually, suggesting potential for price increases in future product launches [2] - Despite strong brand perception, the company is experiencing lower-than-expected traffic on its direct-to-consumer platform, leading to a reduction in full-year revenue guidance to $470-$490 million and adjusted EBITDA margins to 9%-10% [2] Strategic Initiatives and Market Environment - Management views 2024 as a rebuilding year, focusing on long-term growth strategies, including expanding omnichannel distribution, with 50% of consumers purchasing products in physical stores [6] - The company is investing in professional fees and technology, which contributed to the rise in SG&A costs [9] - The broader e-commerce sector is struggling, with companies like Etsy, Wayfair, and Amazon noting cautious consumer spending [4] - Companies with an omnichannel approach, such as Williams-Sonoma and YETI, are performing better in the current market environment [5] Valuation and Growth Prospects - Solo Brands has a valuation grade of "B" at Seeking Alpha, with a forward P/S ratio of 0.15, significantly lower than the sector median of 0.86, suggesting the company may be undervalued [12][13] - Revenue growth estimates for the upcoming years are in the single digits, with modest growth expected if the U.S. avoids a recession [14] - The company's forward EV/EBITDA ratio of 7.93 is below the sector median of 9.57, further indicating potential undervaluation [13] Conclusion - Despite strong consumer feedback and brand strength, Solo Brands faces challenges due to downward guidance, reliance on e-commerce, and rising debt levels [15][16] - The company's valuation appears fair or undervalued compared to peers, but concerns remain about its ability to navigate a potential economic downturn [15][16]