HHSE / Medallion -- Record Revenues in 2015 -- De

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Deferred Recognition of Home Video Sales Leads to Modest Q4 during a Record 2015 for Hannover House




SPRINGDALE, AR - Hannover House, Inc. (OTC PINK: HHSE), a leading independent distributor of films, books and entertainment products, reported that revenues for the fourth quarter ending December 31, 2015 were comparable to the same quarter’s results in 2014 – due primarily to the company’s decision to defer the recognition of home video sales until retail sell-through rates are determined. Home video sales for five releases, including “The Algerian”, “Bonobos: Back to the Wild” and “Dancin’ It’s On” will be posted by Hannover House during the first quarter of 2016. Despite the company’s decision to defer certain Q4 home video revenues, calendar year 2015 was still the best year ever for Hannover House since becoming publicly traded in 2010.




Revenues that were recognized by Hannover House during the last quarter of 2015 were $707,416, with pre-tax profits of $197,562 after deducting all overhead, cost-of-goods, a 25% returns reserve for mass merchant sales and all other customary income statement deductions and adjustments. Hannover House and Medallion Releasing’s annual revenues for the year ending 12-31-2015 were $6,519,409, as compared to $2,802,392 for 2014 year and $2,677,061 for all of 2013. The company attributes the significant revenue growth to an enhanced focus on releasing films to theatres prior to home video distribution, which has proven to be a viable strategy to increase the ancillary values of the physical home video release and digital streaming revenues.

Here's a quick recap of HHSE gross revenues for 2015:


Q1, 2015 $1,732,208
Q2, 2015 $1,281,011
Q3, 2015 $2,798,208
Q4, 2015 $707,415

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