The Marquie Group Inc (TMGI) Q4 2024 Earnings Report

The Marquie Group Inc’s QQ4 2024 results present a highly unusual profitability landscape in the context of a modest top-line. Reported revenue of 1,334 (units in thousands USD implied in filings) with gross profit of 1,187 yields a robust gross margin of approximately 89.0%. However, operating expenses balloon to 177,065, driving a large operating loss and negative EBITDA of 176,918. The discrepancy is largely attributable to substantial other income/expenses and interest charges that dominate the period, with income before tax reported at 74,514 but tax expense of 145,446, complicating the earnings picture. Net income is shown at 74,514, yet the path to cash flow suggests modest operating cash generation (net operating cash flow of 14,399 and free cash flow of 14,401). The balance sheet shows a heavy asset base dominated by long-term investments of 6.2 million, while liquidity is an acute concern: cash at period-end essentially near zero (35), current liabilities total 6.03 million, and short-term debt stands at 3.52 million against total liabilities of 6.03 million. Retained earnings are deeply negative (-14.86 million), signaling an ongoing equity erosion despite a reported stockholders’ equity of 216 thousand. The quarterly results point to a company with a fragile operating base, significant one-off/non-operating items, and material liquidity risk in a fragile ad-market environment. Management commentary is not available in the provided transcript, limiting the ability to extract direct call-scale guidance or quotes. Investors should therefore prioritize balance sheet sustainability and the potential to monetize non-core assets and non-operating gains as the primary near-term catalysts.