Acorn International Inc logo

ATV - Acorn International Inc News Story

$20.89 0.1  0.4%

Last Trade - 29/01/21

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £38.7m
Enterprise Value £24.7m
Revenue £26.7m
Position in Universe th / 6715

BRIEF-Acorn International Reports Q2 Revenue Rose 3.6 Percent To $8.7 Million

Wed 30th September, 2020 11:48am
Sept 30 (Reuters) - Acorn International Inc  ATV.N :
    * ACORN INTERNATIONAL REPORTS SECOND QUARTER 2020 FINANCIAL
RESULTS
    * Q2 REVENUE ROSE 3.6 PERCENT TO $8.7 MILLION
    * SPECIAL COMMITTEE OF BOARD HAS CONDUCTED SEVERAL MEETINGS
TO
CONSIDER BUYOUT PROPOSAL
    * NO DECISIONS HAVE BEEN MADE WITH RESPECT TO COMPANY'S
RESPONSE
TO PROPOSED ACQUISITION
    * HAS BEEN ENGAGED IN DISCUSSIONS WITH REPRESENTATIVES OF
BUYER
VEHICLE REGARDING TERMS OF PROPOSED ACQUISITION
    * ACORN INTERNATIONAL - CURRENTLY EXPECTED SUBSTANTIALLY ALL
OF
CAPITAL FOR PROPOSED ACQUISITION WOULD BE BORROWED FROM THIRD
PARTIES AS DEBT FUNDING
    * QTRLY NET INCOME WAS US$2.0 MILLION VERSUS US$0.1 MILLION
IN Q2
2019

Source text for Eikon:  ID:nPn2C07mna 
Further company coverage:  ATV.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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