Sack Lunch Productions, Inc. (OTC Pink: SAKL) Q2 Revenue up 278% to $5.6M – Strong Growth, Plus Additional $2M Pre-Sales Bo...
Sack Lunch Productions, Inc. (OTC
Pink: SAKL) Q2 Revenue up 278% to $5.6M – Strong Growth, Plus
Additional $2M Pre-Sales Booked
Miami, FL -- August 24, 2016 --
InvestorsHub NewsWire -- EmergingGrowth.com, a leading
independent small cap media portal with an extensive history of
providing unparalleled content for the Emerging Growth markets and
companies, reports on Sack Lunch Productions, Inc. (OTC
Pink: SAKL) with reports of Announces Q2 Revenues Up 278% to
$5.6M
SAKL May not be at
these levels much longer
View the Full Press Release & Reports on SAKL on EmergingGrowth.com here:
http://emerginggrowth.com/?s=SAKL
Some Sack Lunch Productions, Inc. (OTC
Pink: SAKL)’s Financial Statement Highlights:
- Gross revenues of $5.6 million and $6.9
million for the three and six months ended June 30, 2016, compared
to $1.5 million and $2.4 million, increases of $4.1 million or 278%
and $4.5 million or 189%, over the comparable periods in
2015;
- Deferred revenues of $2.0 million, compared
to $1.8 million for the comparable period ended June 30, 2015, an
increase of $163,972 or 9%;
CEO, Richard Surber, commented, “We made what is in my opinion a
substantial improvement to the balance sheet and working capital
position of SAKL, but due to the way we report ticket sales, these
improvements are obfuscated by a $2.0 million deferred revenue
liability. At the time of this press release, it is a near
certainty that SAKL will recognize nearly 100% of those revenues by
December 31, 2016, which means that close to the entire $2.0
million will be removed from the liability section of the balance
sheet and added to top line revenues on our income statement.”
Sack Lunch Productions, Inc. (OTC
Pink: SAKL) also recently confirmed news reports that Slide the
City® will be coming to California this year. Slide the City®
is scheduled for Tahoe on August 27 and Redding on September
17.
More recently, Sack Lunch Productions, Inc.
(OTC
PINK: SAKL), reported total sales of $1,354,741 across all
corporate and franchised events in North America for the month of
July. Ticket sales for all North American corporate and franchised
events were $1,032,547 and $322,194, respectively.
Richard Surber, CEO of SAKL, commented, “During the month of July
we held 39 events directly or through franchisees including: 31
Slide the City®, 1 Lantern Fest®, 3 Dirty Dash® and 4 Color Me
Rad®. Shareholders can expect to see a spike in realized
revenues for Q3 based upon the number of events being held
including a spike in franchise fees collected.”
Surber, continued, “Some additional bright spots in this report are
a high proportion of corporate ticket sales versus franchisee
ticket sales as well as ticket sales for The Lantern Fest trending
up. The last 4 days in July The Lantern Fest sold over
$100,000 in tickets, the result of opening events for the
fall.”
The company’s modest $12.1 million
market capitalization according to OTC markets implies a
price-sales multiple of just 1.3x, which is significantly lower
than the industry’s 2.0-2.4x average, according to Morningstar
data. If the company’s shares were to trade with a 2.0x ratio, it
would translate to a $21.4 million market capitalization that’s
nearly double its current valuation – and that would be on the low
end of the industry average range.
Over the coming quarters, the company
also plans to complete an audit and become more fully compliant
with regulators. These moves could open the door to a potential
up-listing and encourage more institutional investors to become
involved with the stock. In turn, this could reduce the high level
of volatility and potentially bring shares closer to their fair
value.
Sack Lunch Productions Inc. (OTC
Pink: SAKL)'s current event portfolio includes:
- Slide the
City – A 1,000-foot
vinyl slide that’s placed in the center of a city to create a fun
and exciting block party event for the entire family.
- The Lantern
Fest – An unforgettable
nighttime party that’s lit up with thousands of lanterns lit by
participants and released into the sky.
- Color Me
Rad – A 5K race where
participants are coated with liquids, powders, and gels of blue,
green, pink, purple, and yellow until they’re tie-dyed on every
side.
- The Dirty
Dash – A mud run
obstacle course where a military boot camp meets an inner
five-year-old fantasy.
- Trike
Riot – A race on Razor
tricycles that takes participants down city streets and through
obstacles to the finish line.
For more information, visit the
company’s website at www.sacklunchproductions.com.
Overall, Sack Lunch Productions,
Inc. (OTC
Pink: SAKL) stands in a formidable position within the active
entertainment industry. The Company continues to expand its
presence and brand across North America and reach the 2017 earnings
forecasts, and the company could easy see its market
cap jump into the mid-teen
millions over the next year.
SAKL May not be at
these levels much longer
View the Full Press Release & Reports on SAKL on EmergingGrowth.com here:
http://emerginggrowth.com/?s=SAKL
About Sack Lunch Productions, Inc.:
Sack Lunch Productions, Inc. (OTC
PINK: SAKL) is an entertainment company that operates and
franchises action oriented events in the U.S. and internationally.
SAKL's events include: Slide the City™ (1,000 foot long water slide
for families and kids), Color Me Rad™ (5k color race), The Dirty
Dash™ (mud and obstacle run), The Lantern Fest™ (nighttime party
with lantern lighting and launch) and Trike Riot. Learn more about
SAKL's operations at www.sacklunchproductions.com,
www.slidethecity.com, www.thelanternfest.com, www.thedirtydash.com, www.colormerad.com, www.trikeriot.com and www.green-endeavors.com.
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minimum bid price per share for its common stock was below $1.00
for a period of thirty (30) consecutive business days and that the
Company did not meet the minimum bid price requirement set forth in
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Simultaneously, the company filed an 8K
– material event disclosure. There has been no news since.
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About EmergingGrowth.com
EmergingGrowth.com is a leading
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providing unparalleled content for the Emerging Growth markets and
companies. Through its evolution, EmergingGrowth.com found a niche in
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We look for strong management, innovation, strategy, execution, and
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investment banks in the space.
SAKL strongly encourages the public to read the above information
in conjunction with its reports filed at www.otcmarkets.com. The
actual results that SAKL may achieve could differ materially from
any forward-looking statements due to a number of risks and
uncertainties, including but not limited to adverse weather
conditions, equipment failure, state and local health code laws
which may impact obtaining permits and other risks associated with
judgment calls made by various government officials.
Investors should not invest more than they can afford to lose.
IR CONTACT:
Bruce Haase
RedChip Companies, Inc.
800.733.2447, ext. 131
bruce@redchip.com
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obtained from sources believed to be reliable but not guaranteed to
be accurate or all-inclusive.
Source:
RedChip.com - https://www.redchip.com/pages/sakl/
TheOTCInvestor.com - http://www.theotcinvestor.com/sack-lunch-sakl-represents-a-compelling-value-for-those-buying-the-dip/
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Sack Lunch Productions (PK) (USOTC:SAKL)
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