BEVERLY HILLS, CA—Robert S. Ellin, the Executive Chairman of PodcastOne, Inc. (NASDAQ:PODC), recently acquired 5,000 shares of the company's common stock, according to a Form 4 filing with the Securities and Exchange Commission. The shares were purchased at a price of $1.73 each, totaling approximately $8,650. Following this transaction, Ellin now directly owns 155,930 shares of PodcastOne.
In addition to his direct holdings, Ellin has indirect interests in 864,851 shares through various entities, as detailed in the footnotes of the filing. These entities include Trinad Capital Master Fund Ltd., Trinad Capital Management, LLC, and JJAT Corp., where Ellin holds significant roles.
This acquisition reflects Ellin's growing stake in the company, as he continues to play a pivotal role in its leadership and strategic direction.
In other recent news, PodcastOne, Inc. announced a series of significant developments. The company revealed an anticipated record revenue of $13 million in its preliminary Q1 results, reflecting a 21% increase from the previous year. Additionally, the company's projections for the fiscal year ending March 31, 2025, suggest revenues between $50M and $55M, following a successful fiscal year with $43.3M in revenue and $660K in adjusted EBITDA.
In terms of corporate governance, PodcastOne recently experienced a change in its board composition with the resignation of board member Craig Foster, who left to focus on other roles. The company is actively seeking a qualified replacement to fill the vacant committee assignments. Furthermore, during its Annual Meeting of Stockholders, all eight nominees were elected to the Board of Directors, and the appointment of Macias Gini & O'Connell, LLP as the independent registered public accounting firm for the upcoming fiscal year was ratified.
In other company news, PodcastOne has formed a significant business-to-business partnership with a Fortune 250 company, expected to contribute over $20M in annual revenues. The company also reported a rise to the 11th spot in Podtrac's rankings and an expansion to a 5.5 million unique monthly audience in the U.S. and 17.5 million global downloads and streams. These are the latest developments from PodcastOne.
InvestingPro Insights
Robert S. Ellin's recent acquisition of PodcastOne (NASDAQ:PODC) shares aligns with several positive indicators highlighted by InvestingPro. The company has shown strong returns over the last month and three months, with price total returns of 22.34% and 21.9% respectively. This upward momentum may have influenced Ellin's decision to increase his stake.
InvestingPro Tips reveal that PodcastOne holds more cash than debt on its balance sheet, which could be seen as a sign of financial stability. This solid financial footing might have provided additional confidence for Ellin's investment. Additionally, analysts predict that the company will be profitable this year, suggesting potential for future growth.
However, it's worth noting that PodcastOne currently faces some challenges. The company is not profitable over the last twelve months and suffers from weak gross profit margins. The gross profit margin for the last twelve months as of Q2 2025 stands at 9.61%, indicating room for improvement in operational efficiency.
For investors seeking a more comprehensive analysis, InvestingPro offers 7 additional tips for PodcastOne, providing deeper insights into the company's financial health and market position.
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