Wizard World, Inc. Posts Positive Quarterly Results
May 17, 2018

Company’s Strategy Of Creating Greater Entertainment Value And Reducing Costs Pays Off In First Quarter

Los Angeles, May 15, 2018—Wizard World, Inc., the nation’s largest producer of pop-culture events, has announced positive first quarter 2018 earnings, with income significantly higher and operating expenses reduced considerably. Wizard World conducted three highly successful shows during the January 1 – March 31 period (New Orleans, St. Louis, Cleveland) as part of its ambitious 16-event 2018 schedule.

In the filing of its first quarter financial results, the Company disclosed that it recorded income from operations of $283,276 for Q1 2018 versus an operating loss of $1,282,078 for Q1 2017—this is a positive variance of $1,565,303 for the same period, year-over-year. The gross profit margin for Q1 2018 was 27%, versus 11% for Q1 2017.

The quarterly filing also disclosed that for the First Quarter of 2018 operating expenses decreased 49% year-over-year with expenses of $821,556, versus operating expenses of $1,663,824 for Q1 2017. Gross Revenue increased by $469k for the same period last year.

The quarterly results are a positive indicator that the Company’s strategy of creating greater entertainment value at it’s pop-culture conventions, effectively marketing, and producing its shows cost-effectively have demonstrated a positive financial impact.

Wizard’s CEO John D. Maatta stated: “It is a very exciting time at Wizard World. We have materially improved our financial results as we introduce operational efficiencies and aggressively move forward with new growth initiatives at the Company.”

Wizard World Comic Con Philadelphia, one of the Company’s largest and longest-running events, is set for Thursday through Sunday at the Pennsylvania Convention Center.

 

About Wizard World (OTCBB: WIZD)

Wizard World, Inc. (www.wizardworld.com) produces comic, gaming and pop culture conventions across North America that celebrate the best in pop culture: movies, television, gaming, live entertainment, tech, comics, sci-fi, graphic novels, toys, original art, collectibles, contests and more. A first-class lineup of topical programming and entertainment takes place at each event, with celebrity Q&A’s, comics-themed sessions, costume contests, movie screenings, evening parties and more. Wizard World has also teamed with Sony Pictures Entertainment to find the next generation of movies as well as to engage in a number of strategic initiatives. Additional initiatives may include an augmented touring schedule of Wizard World shows, fixed-site installations, curated e-commerce, and the production and distribution of content both in the U.S. and internationally. Fans can interact with Wizard World at www.wizardworld.com and on Facebook, Twitter, Pinterest, Instagram and other social media services.

 

The 2018 Wizard World convention schedule is available at: http://www.wizardworld.com/comiccon.

 

Daniel Pickett
Daniel “Julius Marx” Pickett has been around toys his whole life. The first line he ever collected was Mego’s World’s Greatest Super Heroes line back in the 70s. He has been surrounded by collectables ever since. In 1999 he was confounded by a lack of information and news about some of his favorite toy lines he was collecting. Since he couldn’t find the information he decided to pursue it himself thinking other people might also be interested in the same news. He started writing a weekly column on the toy industry and action figure for a toy news site and in a years time he tripled the sites daily traffic with his updates, reviews and product features. He built relationships with every major toy manufacturer and many sculptors, painters and mold makers. He grew his hobby into a world wide expertise that the industry has embraced. In 2004 he teamed up with his toy buddy Jason “ToyOtter” Geyer and they created their own website www.ActionFigureInsider.com. Daniel has been quoted in both industry and mass media press outlets. Over the years Daniel and AFi have been sought out as experts in the field. Daniel was regularly featured on “Attack of the Show” on the G4 network as the primary contributor to their “Mint On Card” segment, and our front page has been linked to from USA Today’s “Pop Candy” Blog twice. Daniel’s content has also been featured on MSNBC.com, Wired.com, Fark.com, Boing-Boing, Gizmodo.com, Ain’t It Cool News, the Official Star Wars blog, Geekologie, G4, CNet and Toy Fare magazine, among many others. He has consulted on toy lines, books, documentaries and TV shows. But all of that really just sounds snooty and “tootin’ his own horn” – the long and short of it is that Daniel loves toys and he LOVES talking about them.
Read other articles by Daniel Pickett.

 

 

 

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