Jakks back in black

Jakks Pacific's latest financials show the firm back in profit in the fourth quarter.
Publish date:
Social count:

The firm reported net income of $8.9m in the last three months of 2010 compared with a net loss of $1.9m a year earlier.

The year-ago period included a $13m charge related to the company's reorganisation, which includes ending lease obligations, severance, fixed-asset write-offs and ending other contracts.

Revenue dipped less than one per cent to $198 million from $198.8 million, but outstripped Wall Street estimates of $171.9 million.

For the full year, net income was $47m, compared with a loss of $385.5m in the prior year.

Annual revenues fell seven per cent to $747.3m from $803.7m, however.

Jakks predicts 2011 revenue of about $770 million to $775 million. For the first quarter, the company expects to post a loss, on revenue of $60 million to $65 million, while analysts forecaset higher revenues of around $84.9m.


Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.