IDW Media Holdings, Inc.

The company said year-to-date through July it generated net income of $450,000, versus a net loss of nearly $1.5 million at this point last year, a $1 million net loss in 2024, and a $5.4 million net loss in 2023. Revenue grew by nearly $1 million year over year, or 11%, with strength in comics, and gross margin held steady at 43%. Management also said operating expenses were down nearly $100,000 compared with last year after normalizing for last year’s Q1 Diamond Comic Distributors bankruptcy impact. No formal next-quarter or full-year financial guidance was given; instead, management emphasized continued momentum in comics, books, digital, licensing, and creative services, and noted plans to make major announcements at New York Comic Con, including for Teenage Mutant Ninja Turtles, Star Trek, the IDW Dark imprint, and a new high-profile license.

Davidi Jonas framed the quarter as part of a multi-year turnaround and said the company is excited about maintaining momentum. He highlighted strong demand for Teenage Mutant Ninja Turtles and other core properties, as well as expanding interest in IDW Dark, creative services, and a new license to be announced at New York Comic Con. His tone was upbeat but pragmatic, especially when discussing the move to annual reporting as an efficiency measure rather than a growth signal.

Andrew DeBaker emphasized that the company’s year-to-date net income of $450,000 reflects a significant improvement from prior years’ losses, and he tied the improvement to broad-based revenue growth and cost discipline. He said gross margin held at 43% despite inventory cleanup, and pointed to lower legal fees, IT costs, and rent/utilities as offsets to elevated shipping and inflation pressures. He also said the company expects annual savings from eliminating quarterly reporting to be around $200,000-plus, though that estimate is still preliminary.

The main analyst-style questions focused on the company’s move to OTC Pink and whether it would continue quarterly reporting; management said the current assumption is annual unaudited reporting only, with conference calls continuing if investors want them. Questions also covered share repurchases, float changes, redomiciling, and whether IDW could fund a Last Ronin film; management said the company is not currently buying back shares, sees any float moves as likely private transactions, has no active acquisition or redomiciling plans, and believes the film decision rests with Paramount rather than IDW funding. On Last Ronin, management said it would love to see a movie and pointed to ongoing publishing, a video game announcement, and future releases as ways fans can engage.