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WildBrain Appoints New Director
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long-standing Director David Colville to retire
HALIFAX, NS, May 19, 2021 /PRNewswire/ - WildBrain Ltd. (
WildBrain or the
Company ) (TSX: WILD), a global leader in kids and family entertainment, announces that its Board of Directors has appointed Karine Courtemanche, CEO of PHD Canada and Touché!, as an independent Director of the Company, effective May 19, 2021. Courtemanche fills a seat on the Board vacated by long-standing Director, David Colville, who in December 2020, announced his intention to retire once a suitable replacement could be found to ensure an orderly transition. We re pleased to welcome Karine to the WildBrain Board, said Don Wright, Chair of the Board. As a leader of two of Canada s most prominent media agencies, Karine has an outstanding track record of successes in innovation and strategic planning in the advertising and digital media space. We look forward to benefiting from her expertise, which
WildBrain Appoints New Director
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WildBrain Reports Q3 2021 Results
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Revenue increased 4% to $102.2 million in Q3 2021 vs $98.3 million in Q3 2020. YTD 2021 revenue grew to $339.9 million vs $332.7 million in YTD 2020.
Net loss improved to $26.5 million in Q3 2021 vs a net loss of $221.7 million in Q3 2020. YTD 2021 net loss of $18.5 million vs a net loss of $240.0 million in YTD 2020. Q3 2021 and YTD 2021 net losses were mainly due to non-cash, non-operating items related to the refinancing and a higher share price impacting the fair value of embedded derivatives.
Free Cash Flow was negative $3.3 million in Q3 2021, consistent with Q3 2020. YTD 2021 positive Free Cash Flow was consistent at $17.6 million vs YTD 2020.
WildBrain Reports Q3 2021 Results
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Revenue increased 4% to $102.2 million in Q3 2021 vs $98.3 million in Q3 2020. YTD 2021 revenue grew to $339.9 million vs $332.7 million in YTD 2020.
Net loss improved to $26.5 million in Q3 2021 vs a net loss of $221.7 million in Q3 2020. YTD 2021 net loss of $18.5 million vs a net loss of $240.0 million in YTD 2020. Q3 2021 and YTD 2021 net losses were mainly due to non-cash, non-operating items related to the refinancing and a higher share price impacting the fair value of embedded derivatives.
Free Cash Flow was negative $3.3 million in Q3 2021, consistent with Q3 2020. YTD 2021 positive Free Cash Flow was consistent at $17.6 million vs YTD 2020.
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