Alliance Entertainment Holding ( (AENT) ) just unveiled an announcement.
Alliance Entertainment has reported a significant turnaround in its financial results for fiscal year 2024, highlighting operational efficiencies and a strategic shift towards higher-margin Direct-to-Consumer sales, which now account for 36% of gross revenue. The company has also strengthened its balance sheet, reducing revolver debt by 45% and securing a new $120 million credit facility. With a focus on cost-saving initiatives and improved operational efficiencies, Alliance Entertainment has achieved a $40 million improvement in net income and a substantial increase in adjusted EBITDA. Looking ahead, the company is well-positioned for growth with a strong product portfolio and investments in cutting-edge technology.
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