Brief: DHX Media Reports Q4 Loss Per Share C$0.47

WildBrain

23/09/2019 12:20

Sept 23 (Reuters) - DHX Media Ltd  DHX.TO :
    * DHX MEDIA REPORTS Q4 AND FULL YEAR FISCAL 2019 RESULTS AND
ANNOUNCES NAME CHANGE TO "WILDBRAIN"
    * Q4 LOSS PER SHARE C$0.47
    * Q4 REVENUE ROSE 12 PERCENT TO C$108.8 MILLION
    * WILL CHANGE NAME TO WILDBRAIN
    * CO EXPECTS TO INCUR ONE-TIME CASH REORGANIZATION CHARGES
IN
RANGE OF $10.0 - $12.0 MILLION
    * Q4 EARNINGS PER SHARE VIEW C$-0.05 -- REFINITIV IBES DATA
    * COMMENCED A MANAGEMENT AND BUSINESS REORGANIZATION TO
ADVANCE
ITS STRATEGIC PRIORITIES, AND HAS APPOINTED A NEW CFO
    * FOLLOWING APPROVAL, EXPECTS TO CHANGE ITS TICKER ON TSX
AND
NASDAQ TO "WILD"
    * COO AARON AMES APPOINTED CFO EFFECTIVE IMMEDIATELY,
SUCCEEDING
DOUG LAMB
    * STRATEGIC REPOSITIONING EXPECTED TO BE COMPLETED BY END OF
FISCAL 2020
    * LAMB WILL REMAIN WITH COMPANY IN AN ADVISORY ROLE UNTIL
OCTOBER
31, 2019
    * COO POSITION WILL NOT BE REPLACED
    * EXPECTS TO GENERATE ANNUAL SAVINGS OF APPROXIMATELY $10.0
MILLION AS A RESULT OF CASH REORGANIZATION CHARGES

Source text for Eikon:  ID:nCNWYFWr1a 
Further company coverage:  DHX.TO 

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