Jupiter, FL, Nov. 25, 2024 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc. (Nasdaq: SRM)(the “Company,” “SRM Entertainment” or “SRM”), a leading provider of high-quality licensed media-themed merchandise, today announced a significant order for its line of misting fans, designed to provide refreshing relief to theme park visitors worldwide. The initial order of $820,000 for US theme parks and $85,000 for international parks, marks a strong presence in this growing product category for SRM Entertainment. "This i ...

Jupiter, FL, Nov. 14, 2024 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc., (Nasdaq: SRM) (the “Company” or “SRM”) today announced the launch of its new media division, SRM Media, marking a significant expansion of the company's entertainment offerings. This strategic move builds upon SRM's existing media relationship with Suretone Pictures and underscores SRM’s commitment to delivering high-quality entertainment content across various platforms. SRM Media's first acquisition, courtesy of its new Suretone Pictu ...

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 UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ______________ Commission File Number 001-41768 SRM ENTERTAINMENT, INC. (Exact name of registrant as specified in charter) Nevada 32-0686534 | - ...

JUPITER, FL, Sept. 24, 2024 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc., (Nasdaq: SRM) (the "Company" or "SRM") SRM and Suretone Entertainment's Suretone Pictures are in negotiations to form an alliance capitalizing on Suretone Pictures' film productions, tv content creation, existing library and distribution strength alongside SRM's ongoing merchandise, manufacturing and distribution businesses as engaged in providing its services to the major film studios. The initial transaction was closed on September 3 ...

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 June 30, 2024 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ______________ Commission File Number 001-41768 SRM ENTERTAINMENT, INC. (Exact name of registrant as specified in charter) | --- | --- | --- | --- | ...

JUPITER, FL, June 10, 2024 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc., (NASDAQ:SRM) (the "Company" or "SRM") is pleased to announce a new order for SRM custom designed, nostalgic movie character key chains which will be available online and in shops at one of the world's largest movie theater chain. The intial order will help theaters promote the enhanced merchandising experience which allows movie goers to purchase memorabilla, souveniers and gifts in theater. Caution Regarding Forward-Looking Statements ...

JUPITER, FL, June 10, 2024 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc., (Nasdaq: SRM) (the "Company" or "SRM") is pleased to announce a new order for SRM custom designed, nostalgic movie character key chains which will be available online and in shops at one of the world's largest movie theater chain. The intial order will help theaters promote the enhanced merchandising experience which allows movie goers to purchase memorabilla, souveniers and gifts in theater. SRM Entertainment designs, develops, and man ...

Financial Performance - The Company reported a net loss of $1,710,004 for the three months ended September 30, 2024, compared to a net loss of $38,002 for the same period in 2023, resulting in a basic loss per share of $0.17[104] - For the three months ended March 31, 2024, the Company reported sales of $1,006,357, a decrease from $1,086,888 in the same period of 2023, reflecting a decline of approximately 7.4%[118] - Gross profit for the three months ended March 31, 2024, was $163,547, down from $235,822 in 2023, indicating a decrease of about 30.6%[118] - The Company incurred a net loss of $1,710,004 for the three months ended March 31, 2024, compared to a net loss of $38,002 in 2023, representing a significant increase in losses[122] - Gross margins decreased by 5.4% due to increased manufacturing costs without a corresponding increase in product pricing[119] - Interest income for the three months ended March 31, 2024, was $5,002, while interest expense was $22,240, indicating a net interest expense of $17,238[121] IPO and Share Issuance - The Company completed an IPO, selling 1,250,000 shares at $5.00 per share, generating gross proceeds of approximately $6.25 million and net proceeds of approximately $5.3 million after expenses[97] - Following the separation from Jupiter Wellness, Inc., the Company issued 6,500,000 shares of common stock, representing 79.3% of the outstanding shares post-issuance[96] - The weighted average number of common shares outstanding increased from 6,500,000 in 2023 to 10,043,522 in 2024[104] Operating Expenses - Total operating expenses surged to $1,878,553 for the three months ended March 31, 2024, compared to $251,584 in 2023, marking an increase of approximately 646.5%[120] - The increase in operating expenses was primarily due to costs associated with being a public company, including $443,274 in fees and $536,000 in stock-based compensation[120] Company Structure and Ownership - As of March 31, 2024, Jupiter owns approximately 35% of the Company's common stock[86] - The Company is classified as an "emerging growth company," allowing it to take advantage of certain reporting exemptions[99] Product and Market Strategy - The Company has a diverse product range priced between $2.50 and $50.00, catering to a broad consumer demographic[94] - The Company has established licensing relationships with major content providers, including Walt Disney Parks and Resorts and Universal Studios, enhancing its product offerings[93] - The Company aims to leverage its low-fixed cost production model to dynamically manage product releases and capitalize on pop culture trends[95] Tax and Accounting - The deferred tax asset as of March 31, 2024, was approximately $847,803, fully offset by a valuation allowance due to the Company's lack of earnings history[111] - The Company has not identified any recent accounting pronouncements that apply to its operations[116]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 01-41768 SRM Entertainment, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification) ...

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, 2023 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ______________ Commission File Number 001-41768 SRM ENTERTAINMENT, INC. (Exact name of registrant as specified in charter) Nevada 32-0686534 (St ...