Sack Lunch Productions, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
November 30, 2015 at 09:03 pm
Sack Lunch Productions, Inc. announced earnings results for the third quarter and nine months ended September 30, 2015. Revenue increased 445% to $6.0 million in the third quarter of 2015, up from $1.1 million in the year-ago period. Net income attributable to stockholders increased to $717,982 in the third quarter of 2015, up from a net loss of $348,981 in the year-ago period. Deferred revenues were $905,554 at the end of the third quarter, compared to $1.8 million for the quarter ended June 30, 2015. The company recognized nearly all of its prior period deferred revenues and recorded $390,117 for tickets pre-sold for The Lantern Fest events held after September 30, 2015.
Net income attributable to stockholders for the nine months ended September 30, 2015 was $755,261. Revenue for the nine months ended September 30, 2015 increased 145% to $8.4 million, up from $3.4 million in the nine months ended September 30, 2014.