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D. Jonathan Merriman, a director at PodcastOne, Inc. (NASDAQ:PODC), recently acquired a notable amount of the company’s stock. According to a recent SEC filing, Merriman purchased 5,500 shares of PodcastOne common stock on February 20 at $2.10 per share, totaling $11,550. The purchase comes as the stock has surged nearly 50% over the past six months, with the company now valued at approximately $49 million. This transaction increased Merriman’s indirect holdings, which are managed through the D. Jonathan and Odile Merriman Family Trust, to 174,579 shares. The director also maintains direct ownership of an additional 200,339 shares. With analysts setting price targets between $4.50 and $5.00, this move reflects Merriman’s continued financial interest in the company’s performance. InvestingPro subscribers can access detailed insider trading analysis and 6 additional key insights about PODC’s financial health and growth prospects.
In other recent news, PodcastOne Inc. reported its third-quarter fiscal 2025 earnings, revealing a net loss per share of $0.06, which fell short of the forecasted earnings per share of $0.02. Despite this earnings miss, the company demonstrated strong revenue growth, achieving $12.7 million, surpassing the anticipated $10.96 million. This reflects a 22% increase in revenue year-over-year, showcasing the company’s operational strength. PodcastOne has also set a full-year revenue guidance of at least $51 million, indicating a 17% increase from the previous year. Additionally, the company has entered into a strategic partnership with Amazon (NASDAQ:AMZN)’s ART19, which is expected to provide a minimum of $15 million in guaranteed revenue over the next three years. This partnership aims to leverage Amazon’s technology and advertising opportunities to enhance PodcastOne’s growth potential. Furthermore, PodcastOne launched new products and formed strategic partnerships, including with Amazon’s ART19, to bolster its market position. Despite the earnings miss, the company maintains a strong financial position with no debt and $600,000 in cash and cash equivalents.
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