Grom Social Enterprises, Inc. (NASDAQ: GROM) is a growing social media platform and original content provider of entertainment for children under 13 years of age, which provides safe and secure digital environments for kids that can be monitored by their parents or guardians. The Company has several operating subsidiaries, including Grom Social, which delivers its content through mobile and desktop environments (web portal and apps) that entertain children, let them interact with friends, access relevant news, and play proprietary games while teaching them about being good digital citizens. The Company owns and operates Top Draw Animation, which produces award-winning animation content for some of the largest international media companies in the world. The company owns an 80% stake in Curiosity Ink Media, which is a global media company that develops, acquires, builds, grows and maximizes the short, mid, and long-term commercial potential of Kids & Family entertainment properties and associated business opportunities. Grom also includes Grom Educational Services, which has provided web filtering services for K-12 schools, government and private businesses. For more information, please visit the Company’s website at gromsocial.com or for investor relations information, please visit investors.gromsocial.com.
Company profile
Ticker
GROM
Exchange
Website
CEO
Darren M. Marks
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Illumination America, Inc.
SEC CIK
GROM stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
15 Mar 24
8-K
Other Events
7 Mar 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
6 Mar 24
EFFECT
Notice of effectiveness
8 Jan 24
CORRESP
Correspondence with SEC
3 Jan 24
UPLOAD
Letter from SEC
2 Jan 24
S-1
IPO registration
27 Dec 23
8-K
Grom Social Enterprises, Inc. Announces Closing of $4.0 Million Private Placement
27 Dec 23
DEF 14C
Information statement
1 Dec 23
PRE 14C
Preliminary information
21 Nov 23
Latest ownership filings
SC 13G/A
Ionic Ventures, LLC
14 Feb 24
SC 13G/A
Lind Global Fund II LP
13 Feb 24
SC 13G
Ionic Ventures, LLC
15 Sep 23
SC 13G/A
ARMISTICE CAPITAL, LLC
14 Feb 23
SC 13G/A
CVI Investments, Inc.
14 Feb 23
SC 13G/A
Lind Global Fund II LP
13 Feb 23
3
Initial statement of insider ownership
30 Jan 23
3
Initial statement of insider ownership
20 Jan 23
SC 13G/A
BIGGER CAPITAL FUND L P
20 Jan 23
SC 13G
BIGGER CAPITAL FUND L P
19 Dec 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.47 mm | 2.47 mm | 2.47 mm | 2.47 mm | 2.47 mm | 2.47 mm |
Cash burn (monthly) | (no burn) | (no burn) | 664.68 k | 1.65 mm | 617.67 k | 617.33 k |
Cash used (since last report) | n/a | n/a | 3.98 mm | 9.86 mm | 3.70 mm | 3.70 mm |
Cash remaining | n/a | n/a | -1.51 mm | -7.39 mm | -1.23 mm | -1.23 mm |
Runway (months of cash) | n/a | n/a | -2.3 | -4.5 | -2.0 | -2.0 |
Institutional ownership, Q2 2023
33.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 13 |
Opened positions | 2 |
Closed positions | 1 |
Increased positions | 1 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 6.76 mm |
Total shares | 662.06 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Bigger Capital Fund L P | 265.59 k | $0.00 |
Lind Global Fund II | 240.09 k | $0.00 |
CVI Investments | 114.24 k | $0.00 |
HRT Financial | 20.01 k | $6.00 k |
Weaver Consulting | 10.75 k | $3.37 mm |
UBS UBS Group AG - Registered Shares | 10.28 k | $3.22 mm |
Thrivent Trust Co of Tennessee | 537.00 | $0.00 |
Advisor | 450.00 | $140.00 k |
WFC Wells Fargo & Co. | 52.00 | $16.00 k |
Steward Partners Investment Advisory | 30.00 | $9.00 k |
News
12 Communication Services Stocks Moving In Thursday's After-Market Session
21 Mar 24
12 Communication Services Stocks Moving In Friday's Pre-Market Session
15 Mar 24
Arctic7 Set To Be Acquired By Grom Social Enterprises, Inc; No Financial Terms Disclosed
14 Mar 24
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8 Mar 24
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8 Mar 24
Press releases
Market Momentum: NASDAQ SmallCaps Sparking Waves in March 2024: CELZ, DYAI, GROM, VTAK, BREA
8 Mar 24
Grom Social Enterprises, Inc. to Further Expand Entertainment Offerings Through Gaming as it Enters Into Letter of Intent to Acquire Leading Gaming Company, Arctic7
7 Mar 24
BestGrowthStocks.Com Interviews Darren Marks of Grom Social Enterprises
25 Jan 24
Olympic Surfer Caroline Marks to Ride Wave of Support From Grom Social as Premiere App for Kids Cheers its Original Ambassador on to the Paris 2024 Games!
11 Jan 24