China's Here Group Q4 revenue jumps 94% on new IP sales, posts wider net loss

Chinese pop toy maker Here Group reported that its fiscal fourth-quarter revenue surged 94% year-over-year, driven by strong sales of existing and newly launched intellectual property (IP) product lines. However, the company also posted a wider net loss, including a goodwill impairment charge, and noted a 22% sequential decline in revenue due to lower channel sales amid challenging market conditions. Here Group launched a $20 million share buyback program and repurchased $0.7 million of its stock in the fourth quarter. A board member also resigned.