This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Wizard World, Inc. CEO Issues Letter To Shareholders


Wizard World, Inc. (OTCBB:WIZD) announces letter to shareholders from its Chief Executive Officer, John Macaluso:

Dear Valued Shareholder,

I write to you at an exciting and important time for Wizard World, Inc. ("Wizard World" or the "Company") and would like to offer my most sincere thank you for your continued and amazing support over the past year. We have experienced a number of recent positive developments that I would like to share with you as we continue to grow as a company and as the leading presenter of Comic Con touring exhibitions around the country.

Improved Financial Results in 2012

We believe that our ability to successfully grow our Comic Cons will enhance our ability to be profitable on an annual basis for the first time in many years. During the fiscal year 2012, we made substantial progress in expanding our shows through organic growth, and better business practices that we have put in place. While we have experienced a loss of approximately $1.02 million and approximately $2.01 million for the years ended December 31, 2012 and 2011, respectively, total revenue for the year ended December 31, 2012 increased by 78% to $6.74 million compared to $3.78 million for the comparable year ended December 31, 2011. The net loss during the year ended December 31, 2012 was primarily attributable to derivative and interest expenses associated with our financing activities. We had income from operations of approximately $198 thousand for the year ended December 31, 2012 as compared to a loss from operations of approximately $3.2 million for the comparable year ended December 31, 2011. In addition, we generated approximately $243 thousand in cash from operations during the year ended December 31, 2012 as compared to exhausting approximately $1.6 million in cash from operations during the comparable year ended December 31, 2011. Such stronger revenue growth has enabled us to leverage opportunities afforded by our business model, as evidenced by our significant improvements in gross profit as compared to the previous year. Our primary operational objective is achieving sustainable long-term profitability. 

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs