The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Adam Ballantyne - Gondolin Capital, LP - Analyst
: On the asset sale, with the utilization of the NOLs, I was just curious what you might expect the after-tax proceeds to be?
Question: Adam Ballantyne - Gondolin Capital, LP - Analyst
: Oh, great. Okay. And then capital expenditure basis, I think you guys noted $2 million in additional CapEx for the new facility and I think mostly in
the first quarter. And then once that's completed, is -- do you kind of go back to the pre 2024 run rate that you guys have of sort of $100,000 to
$200,000 a quarter? Or maybe you could help me out on the CapEx intensity going forward after the first quarter?
Question: Adam Ballantyne - Gondolin Capital, LP - Analyst
: Okay. Great. And then on the -- I know that there was a lot of noise, as you said, in the fourth quarter, but just kind of looking at the consolidated
expense lines for the other production, distribution, operating costs that had a pretty major jump in the fourth quarter. And I was wondering if --
I didn't see any fourth quarter non-cash severance in there, just from a margin point of view, so it becomes 52%. Is that going to come down in
2025? Or are we going to see the majority of the $5 million savings comes from the employee comp and side?
Question: Adam Ballantyne - Gondolin Capital, LP - Analyst
: Great. Just one more for me, if I could. In terms of sort of cash flow and profitability tie I don't think are excluding the $2 million CapEx and the gain
you'll obviously see from that -- is it too soon to say if the business will be cash flow positive this year, just given kind of cyclicality of advertising
spending.
|
