Dolphin Entertainment, Inc. (DLPN) is a global key entertainment advertising and production company. The company provides skilled marketing and commercialization services to the top brands, in the film, gaming, and hospitality businesses. The company’s NFTs sector designs distribute and promote NFTs in the TV, music, epicurean, and tech businesses.
The price of DLPN stock during the regular trading on January 21, 2022, was $6.08 with a decrease of 0.33%. At last check in the aftermarket, the stock further significantly dipped by 9.54%.
DLPN: Events and Happenings
On January 20, 2022, DLPN reported the approaching readiness of NFT digital collectible platform that brings together comic heroes and athletes. The theme of the drop is Winter Sports Champion featuring current winter athletes’ legends participating in February Games. The collection will be released in collaboration with FTX.US.
On December 8, 2021, DLPN reported about its entry into a strategic collaboration with Crafthouse Cocktails. The company managed the commercialization of the brand via its agencies network. Also, it facilitated the aptitude and commercial associations in both entertainment and culinary businesses.
On November 22, 2021, DLPN reported about launching the content studio’s first generative NFT collection, Creature Chronicles: Exiled Aliens. The collection was minted in December and featured 10,000 exclusively-crafted avatars.
DLPN: Key Financials
On November 19, 2021, DLPN reported its financial results for the third quarter ended September 30, 2021. Some of the key updates are as follows.
Revenue
Total revenue in Q3 2021 recorded was $9.39 million versus $5.52 million in the same period in 2020.
Net Income/Loss per Share
Basic and diluted net income in Q3 2021 was $0.14 million or $0.02 per share versus a net loss of $0.13 million or $0.02 (basic) and $0.04 (diluted) in the same period of 2020.
On October 12, 2021, DLPN reported about taking an ownership role in the Midnight Theatre by managing all commercialization aspects of the theater.
Conclusion
DLPN stock decelerated 27% in the last six months period due to the economic restrictions imposed by the spread of pandemics globally. The current aftermarket dip, as presumed by the financial experts, is the result of its collaboration for the NFT collection launch. The analysts are expecting some strict measures from the company in terms of attracting investment.
