Loop Media Inc (PK:LPTV)

Sector:  Consumer Cyclicals Industry:  Broadcasting
See Regulatory Filings on SEC
Company Contact
Address: 700 N. CENTRAL AVE., SUITE 430
Tel: N/A
Website: https://loop.tv
IR: See website
Key People
Jon Niermann
President, Chief Executive Officer, Principal Executive Officer, Director
Neil T. Watanabe
Chief Financial Officer
Liam McCallum
Chief Product and Technical Officer
Andy Schuon
Head of Loop Media Studios
Business Overview
Loop Media, Inc. is a digital platform media company. The Company provides curated short-form video content to business customers for out-of-home (OOH) venues and directly to retail consumers (D2C) at home and on mobile devices. It delivers curated music video content from record labels, as well as movie and television trailers, viral videos, drone footage, lifestyle and atmospheric channels, kid-friendly content, sports highlights and news clips. The Company also offers a digital out-of-home (DOOH) service that also has a consumer mobile application, which enables the connectivity and interactivity of its OOH services. It offers its services on either a Premium or Ad-Supported basis.
Financial Overview
For the six months ended 31 March 2022, Loop Media Inc revenues increased from $794K to $7.9M. Net loss increased 12% to $9.2M. 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 increase of 49% to $11.7M (expense), Interest expense increase from $416K to $999K (expense).
Employees: 42 as of Sep 30, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $441.91M as of Mar 31, 2022
Annual revenue (TTM): $11.45M as of Mar 31, 2022
EBITDA (TTM): -$15.75M as of Mar 31, 2022
Net annual income (TTM): -$26.30M as of Mar 31, 2022
Free cash flow (TTM): -$10.76M as of Mar 31, 2022
Net Debt Last Fiscal Year: $4.42M as of Mar 31, 2022
Shares outstanding: 153,507,277 as of May 6, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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