Cheer Holding, Inc.
0.1200-0.01 (-7.69%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · CHR · USD
Key Stats
Market Cap
2.16MP/E (TTM)
0.05Basic EPS (TTM)
2.32Dividend Yield
0%Recent Filings
8-K
Execs receive restricted shares
Glory Star New Media Group Holdings Limited's Compensation Committee granted restricted ordinary shares on May 29, 2020, to key executives and employees under its 2019 Equity Incentive Plan, including 760,000 shares to Chairman and CEO Bing Zhang, 230,000 to Director and SVP Jia Lu, 45,000 to CFO Ian Lee, and 10,000 to VP Ran Zhang. Shares vest 50% immediately and 50% after 90 days, subject to continued employment, aiming to align leadership incentives with company performance. The board also amended the plan to explicitly include variable interest entities as subsidiaries. Forfeiture risks unvested shares upon termination.
8-K
Q1 revenues drop on COVID
Glory Star New Media reported Q1 2020 revenues of US$9.8 million, down from US$13.8 million in Q1 2019, as COVID-19 curbed advertising and copyrights income. Yet user growth surged, with CHEERS App downloads topping 100.5 million and DAUs hitting 4.1 million. Operating income fell to US$2.9 million, but gross margins improved to 48.8% through cost controls. e-Mall GMV reached US$5.8 million amid platform expansion.
10-Q
Q1 FY2020 results
Glory Star New Media's Q1 2020 revenues fell 29% y/y to $9.8M, driven by a 24% drop in advertising to $7.9M and 64% decline in copyrights to $1.0M amid COVID-19 filming disruptions, yet cost of revenues plunged 39% to $5.0M, lifting gross margins to 49% from 40%. Operating income dipped 35% to $2.9M, with diluted EPS steady at $0.06 on 50.8M shares; net income of $2.8M aligned closely with operating figures, differing by just 2% due to minor interest and tax items. Cash swelled to $10.0M via $4.3M in bank loans (total debt $4.9M at 5-6% rates, maturities 2021-2022), while free cash flow turned negative at -$1.1M from operating outflows. The February reverse recapitalization closed for 41.2M shares (stock only), no goodwill noted. Receivables collection lags pose a key risk.
8-K
Earnout shares issued
Glory Star New Media Group Holdings issued 5 million ordinary shares to sellers on April 22, 2020, fulfilling 2019 earnout targets from its February business combination. This rewards prior performance while diluting existing shareholders. The board also approved enhanced indemnity agreements for most directors and executives, bolstering governance protections. Earnout shares issued.
10-K
FY2019 results
Glory Star New Media Group Holdings Limited capped FY2019 with explosive growth in its content-driven e-commerce platform, as CHEERS App downloads surged to 72.5 million from 6.2 million in 2018, while cumulative downloads hit 85 million by year-end. The e-Mall, launched in April 2019, scaled rapidly to RMB133.76 million in gross merchandise value, with December's monthly GMV reaching RMB33.73 million—up from just RMB1.3 million at launch—fueled by live streaming shows like Shopping Genius and integrated short videos that drove user engagement. Yet, while annual momentum built through accelerating quarterly user acquisition, the filing lacks detailed Q4 breakdowns or EPS reconciliations, flagging potential inconsistencies in diluted shares post-business combination. Liquidity strengthened with $38.2 million in working capital as of June 2019, supporting no dividends or buybacks amid capex for content production; no 2020 guidance disclosed. Regulatory risks from PRC content controls could stall quarterly momentum.
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