The stock of PLBY Group Inc (PLBY) closed the regular trading session at $16.42, gaining 12.31% from the previous trading session. PLBY stock lost 2.44% in the after-market, following the release of financial performance for Q4 and FY21. The stock kept oscillating between $15.02 and $16.90. The firm filed for the form NT 10-K and 8-K with the SEC. The forms refer to the late submission of form 10-K and annual report, respectively.
PLBY Group Inc is a worldwide media and lifestyle organization. It was established by Hugh Hefner as Playboy Enterprises to supervise the Playboy magazine and related resources. The firm has a market capitalization of $695.06 million with 42.33 million shares pending. Moreover, PLBY has its headquarter in Los Angeles, California, United States of America (USA).
PLBY’s financials
On 1 March 2022, PLBY released the fiscal performance for Q4 and FY21, which ended on 31 December 2021. The total sales expanded by 106.5% in Q4 of FY21 to $95.6 million from $46.3 million in Q4 of FY20. Further, yearly sales grew by 66.9% in 2021 to $246.5 million from $147.6 million in 2020. Also, the firm had a loss from operations of $56.1 million in Q4 of FY21 versus the income from operations of $4.9 million in Q4 of FY20. Moreover, the loss from operations in 2021 was $69.6 million versus the income from operations of $13.6 million in 2020.
The total loss of the company in Q4 of FY21 expanded massively to $58.1 million from $0.51 million in Q4 of FY20. Further, the total loss for 2021 expanded to $79.7 million from $5.2 million in 2020. The firm reported a loss of $1.33 and $2.09 per stock in Q4 and FY21, respectively.
The CEO of PLBY Group, Ben Kohn, stated that 2021 was a heavenly year for their organization. The firm had $247 million in yearly income, three acquisitions, the inauguration of their blockchain items. He further added that this year they are collecting the pieces obtained in 2021 to make an adaptable establishment for their changing business.
