Bright Mountain Media Inc (PK:BMTM)
Business Focus: Internet Services
| Sector: Technology | Industry: Internet Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 6400 Congress Ave Ste 2050 BOCA RATON FL 33487-2899 |
| Tel: | 1-561-8076350 |
| Website: | https://www.brightmountainmedia.com |
| IR: | See website |
| Key People | ||
| W. Kip Speyer Chairman of the Board of Directors | Matthew Drinkwater Chief Executive Officer, Director | Ethan Rudin Chief Financial Officer |
| Business Overview |
| Bright Mountain Media, Inc. is a holding company, which focuses on digital publishing and advertising technology. The Company unites a diverse portfolio of companies to deliver a full spectrum of advertising, marketing, technology, and media services under one roof. Its brands include Big-Village Agency, BV Insights, Wild Sky Media, and Bright Mountain LLC. Its digital publishing division focuses on developing content that attracts an audience and monetizes that audience through advertising. Its advertising technology division focuses on delivering targeted ads to audiences on owned and operated sites as well as third-party publishers through the deployment of proprietary technologies. Its consumer insights division focuses on providing primary and secondary research, competitive intelligence, and expert insight to address customer's strategic issues. Its creative services division turns data into campaigns. The Company's media services focus on advertisers and agencies. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Bright Mountain Media Inc revenues increased from $19.6M to $44.5M. Net loss applicable to common stockholders increased from $8.1M to $35.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Selling, general and administrative expe increase of 58% to $19.7M (expense). |
| Employees: | 190 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $69.67M as of Dec 31, 2023 |
| Annual revenue (TTM): | $44.55M as of Dec 31, 2023 |
| EBITDA (TTM): | -$6.00M as of Dec 31, 2023 |
| Net annual income (TTM): | -$35.56M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$4.67M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $60.39M as of Dec 31, 2023 |
| Shares outstanding: | 171,557,411 as of Mar 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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