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AI brief of an SEC Form 8-K · Cheer Holding, Inc. (CHR)

Glory Star Q1 revenue falls to $9.8 million from $13.8 million; profit declines

Negative Impact 3 of 5 earnings Written later

Glory Star New Media Group reported first quarter 2020 results on May 11, 2020, with revenue of $9.8 million versus $13.8 million a year earlier. The company said COVID-19 reduced advertising and copyright revenue. Net income attributable to shareholders fell to $2.9 million from $4.1 million, and basic and diluted earnings per share were $0.06, compared with $0.10 and $0.09 a year earlier. The filing furnishes the results and does not include guidance.

Key points

  • Revenue was $9.8 million versus $13.8 million; advertising revenue fell 24.2% to $7.9 million
  • Income from operations was $2.9 million versus $4.4 million; operating margin was 29.7% versus 32.3%
  • Net income attributable to shareholders was $2.9 million versus $4.1 million
  • Cash and cash equivalents were $10.0 million at March 31, 2020, versus $1.3 million a year earlier

The filing

CompanyCheer Holding, Inc. (CHR)
Form8-K, current report
Filed with the SECMay 11, 2020, 4:18 PM ET
Accession number0001213900-20-011636

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 11, 2020.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.