Kustom Entertainment Earnings Call Transcripts
Fiscal Year 2026
-
Five festivals and two ticketing platforms anchor the business, with Country Stampede attendance reaching a record over 42,000. A pending Tickets For Less acquisition is intended to add sports relationships and distribution; financing was targeted for completion within 30–45 days.
Fiscal Year 2025
-
Q1 2025 saw a return to profitability with $4.2M net income, improved gross margins, and a strengthened balance sheet following a $14M capital raise. Revenue declined 19% year-over-year, but cost reductions and a strong backlog position the company for growth in 2025.
Fiscal Year 2024
-
Q2 saw a net loss of $5M on $5.6M revenue, with deferred revenue surpassing $10.5M as the subscription model grows. The Kustom Entertainment merger with Clover Leaf Capital is nearing completion, with significant stock dividends planned for shareholders.