Alliance Entertainment reports Q4 revenue $247.1M vs $265.2M last year

Bruce Ogilvie, Chairman of Alliance Entertainment, commented, “The fourth quarter was highlighted by our Nasdaq uplisting in conjunction with a $4.0 public offering. Uplisting to the Nasdaq was the most effective method for us to elevate the Company’s public profile, expand our shareholder base, improve liquidity and enhance shareholder value. As a public company, we are now well positioned to pursue future strategic combinations that further diversify our products offerings, and to invest in our operations and proprietary technology. Throughout the year we have continued to build on our foundation as one of the largest physical media and entertainment product distributors in the world, securing new partnerships and shifting toward larger scale automation in our operations”