Wizard World Inc (OTCMKTS:WIZD) is an interesting name on the OTC markets for a number of reasons. For one, the company is actually profitable and sitting on over $4 million in cash. This is quite impressive for a company with only a $15 million market cap. Second, the company looks to have some momentum heading into 2016 in the comic book arena with big name celebrities like Lea Thompson, Michael J Fox and Chris Evans participating in its Comic Con events. Based on these two factors, WIZD could become one of the more exciting names among small caps.Wizard World produces Comic Cons and pop culture conventions across North America that celebrate the best in pop-fi, pop culture, movies, television, cosplay, comics, graphic novels, toys, video gaming, sci-fi, gaming, original art, collectibles, contests and more. A first-class lineup of topical programming takes place at each event, with celebrity Q&A's, comics-themed sessions, costume contests, movie screenings, evening parties and more. Wizard World has also launched Wizard World Store, CONtv, a digital media channel in partnership with leading independent content distributor Cinedigm, and ComicConBox, a premium subscription-based monthly box service.In the third quarter, WIZD recorded revenues of $7.3 million, an increase of 6% from $6.86 million in the comparable period in 2014. Average revenue generated per convention in the third quarter of 2015 totaled $972K (seven events) from $1.24 million in the prior quarter, and $1.7 million (four events) in the comparable period in 2014. Gross margin in the third quarter of 2015 was $2.88 million, an increase of approximately $490k from $2.38 million in the comparable period in 2014. Net income attributable to common stockholders in the third quarter of 2015 totaled $726K or $0.01 per basic and diluted share, compared to net income attributable to common stockholders of $538K or $0.01 per basic and diluted share in the third quarter of 2014. At September 30, 2015, the Company had $4.28 million in cash and believes its liquidity position is adequate to execute its growth plan.One of the most exciting things that WIZD is working on is Wizard World Gaming. These events allow attendees to participate in video and table gaming tournaments and eSports competitions, meet top celebrities, executives, developers and brands, participate in live demonstrations and interact with fans demonstrating their love of gaming with Wizard World. The first event of 2016 was Wizard World Gaming Atlanta that was held of January 22-24. Wizard World Gaming Atlanta kicked off a season-long series of gaming-focused events which will coincide with Wizard World Comic Con shows throughout 2016 in the following cities: Portland, Ore. (Feb. 19-21); St. Louis (April 1-3);Minneapolis (May 6-8); Philadelphia (June 2-5);Sacramento, Calif. (June 17-19); Orlando, Fla. (August 5-7); Chicago (August 18-21); and Austin, Texas (September 23-25).
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In January, Wizard World and BANDAI NAMCO Entertainment America Inc. announced an agreement by which the leading interactive entertainment publisher will become the Official Anime Entertainment Partner for the 2016 Wizard World Comic Con and Gaming Tours, bringing BANDAI NAMCO games to fans throughout the country. As part of this designation, BANDAI NAMCO will provide major live event experiential activations that will give event attendees the opportunity to experience some of its most anticipated video games, such as NARUTO SHIPPUDEN: Ultimate Ninja Storm 4,Dark Souls III and more. eSports fans can view tournament competitions and gaming celebrity content via live stream, while Wizard World event attendees can meet BANDAI NAMCO game talent, Pro-Gamers, experience gaming specific content and be a part of cosplay contests thriving in the Anime pop-culture community.Another exciting initiative is the Wizard World Store, a marketplace for Comic Con fans, collectors and general geekdom. The site offers exclusive limited run signed comic books that Wizard World has co-produced for its pop culture festivals over the years. Wizard World Store features signed and graded copies of a select number of the popular limited edition exclusive variant cover issues of "The Walking Dead #1" and Marvel titles from Wizard World events from the past few years, as well as collectibles and merchandise generally available only at the shows. Some of the featured products already available at the launch of the site include the 100th Anniversary "X-Men Special #1" Exclusive Variant Cover by Jorge Molina; "The Walking Dead #1" Exclusive Variant Cover by Mike Zeck and Wizard World Mighty Morphin Power Rangers Limited Edition GLOW-IN-THE-DARK Tokyo Vinyl Green Ranger. Wizard World branded merchandise such as beanies, hats, hoodies and T-shirts are also offered, with more exclusive products being added.
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Wizard World is an undiscovered gem among small caps. It has a growing business with cash on hand. There's not many penny stocks that can say that. With a market cap of just $15 million and $4 million in cash on its books, WIZD is one name that could get going quickly once more investors discover this small cap value play with exciting growth prospects. Be on the look out for me on WIZD from Insider Financial. We will be updating our subscribers with the latest developments from WIZD. Be sure to sign up today!
Disclosure: We have no position in WIZD either long or short. We have not been compensated for this article.
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