AMC Late Night Chat LIVE - Q1 RESULTS ARE IN! w/Tony & Mediocre Trader

Описание: AMC Late Night Chat LIVE - Q1 RESULTS ARE IN! w/Tony & Mediocre Trader. On April 26, 2024, AMC released preliminary results for the first quarter ended March 31, 2024. The preliminary results are unaudited, subject to completion of the Company’s financial reporting processes, based on information known by management as of the date of this Current Report on Form 8-K and do not represent a comprehensive statement of the Company’s financial results for the quarter ended March 31, 2024. The Company expects:
1) Total revenues for the quarter ended March 31, 2024, to be approximately $951.4 million compared to $954.4 million for the quarter ended March 31, 2023.
2) Net loss for the quarter ended March 31, 2024, to be $(163.5) million, compared to a net loss of $(235.5) million for the quarter ended March 31, 2023.
3) Diluted loss per share for the quarter ended March 31, 2024, to be $(0.62) compared to diluted loss per share of $(1.71) for the quarter ended March 31, 20231.
4) Adjusted EBITDA to be $(31.6) million for the quarter ended March 31, 2024, compared to Adjusted EBITDA of $7.1 million for the quarter ended March 31, 2023. Included in the prior year’s quarterly results ended March 31, 2023 was a previously disclosed $16.7 million benefit to Adjusted EBITDA related to an early termination of a theatre lease.
5) Cash and cash equivalents at March 31, 2024 to be $624.2 million.
6) Adjusted EBITDA is a non-GAAP financial measure and tables reconciling this non-GAAP financial measure to its closest respective GAAP financial measures are included below.
7) In March 2024, AMC launched an at-the-market equity program to sell its Class A common stock having an aggregate offering price of up to $250.0 million. As of April 25, 2024, AMC has sold approximately 12.8 million shares of its Class A common stock and has raised gross proceeds of $41.8 million, before commissions and fees, all of which was received after March 31, 2024.
8) AMC will report its full results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 8, 2024

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