Kartoon Studios CEO Andy Heyward Says Company Has More Than $40M In Cash And No Long-Term Debt In Shareholder Letter Filed With September 4 Proxy Statement; Says Focus Shifting To Owned IP Monetization
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Why It Matters
Kartoon Studios has plenty of money in the bank with no big debts hanging over it, and the company is now focusing on making money from things it owns and created. When a company has strong cash and no debt, it means they have room to try new ideas without being stressed about money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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