Goliath Film & Media Holdings, a company specializing in the distribution of niche film and media content, has released its Form 10-Q report for the third quarter of 2024. The report provides insights into the company's financial performance and operational activities for the three months ended July 31, 2024.
Financial Highlights
- Film production revenues: $0 million. The company reported no film production revenues for the three months ended July 31, 2024, and 2023.
- Gross profit: $0 million. As there were no revenues, the gross profit remained at zero for both periods.
- Loss from operations: $(10,241) million. The loss from operations decreased slightly compared to the previous year due to reduced operating expenses.
- Net loss: $(10,241) million. The net loss for the three months ended July 31, 2024, was slightly lower than the net loss of $(10,817) million for the same period in 2023.
- Net loss per share of common stock: $(0.00). The net loss per share remained unchanged from the previous year.
Business Highlights
- Revenue Segments: Goliath Film and Media Holdings generates revenue primarily from distribution fees related to its film and media content. The company has agreements with Mar Vista Entertainment for the distribution of specific films, such as 'Bridal Bootcamp', 'Girlfriends of Christmas Past', and 'Terror Birds'. These agreements include advance payments and a percentage of gross proceeds over a specified period.
- Geographical Performance: The company focuses on niche markets within the feature motion picture and television content segments, targeting areas such as education, faith-based, horror, and socially responsible minority content. Goliath does not engage significantly in domestic theatrical distribution but instead focuses on international distribution through established networks.
- Future Outlook: Goliath Film and Media Holdings plans to concentrate efforts on developing and producing content with distributors for licensing at least three projects over the next 12 months. The company aims to leverage corporate sponsorships to reduce advertising and marketing costs and may explore joint ventures or mergers to enhance its operational capabilities.
SEC Filing: