Sector: Consumer Cyclicals | Industry: Broadcasting |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2600 WEST OLIVE AVENUE, SUITE 5470 BURBANK CA 91505 |
Tel: | N/A |
Website: | https://loop.tv |
IR: | See website |
Key People | ||
Bruce A. Cassidy Executive Chairman of the Board | Justis Kao Interim Chief Executive Officer | Ari Olgun Interim Chief Financial Officer | Bob Gruters Chief Revenue Officer |
Business Overview |
Loop Media, Inc. is a multichannel streaming connected television (CTV) platform that provides curated music videos, sports highlights, news, premium entertainment channels, select live sports and other channels. The Company's technology and library of videos and licensed content enables it to curate and distribute short-form videos to CTV in out-of-home (OOH) dining, hospitality, retail, convenience stores and other locations and venues to enable them to inform, entertain and engage their customers. The Company's technology provides third-party advertisers with a targeted marketing and promotional tool for their products and services. The Company distributes its content and advertising inventory to digital screens located in OOH locations primarily through its owned and operated platform of Loop Media-designed small-box streaming Android media players (Loop Players) and legacy ScreenPlay computers, and through screens on digital platforms owned and operated by third parties. |
Financial Overview |
For the fiscal year ended 30 September 2024, Loop Media Inc revenues decreased 30% to $22.3M. Net loss decreased 23% to $24.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects SERVICES-HELP SUPPLY SERVICES segment loss decrease of 28% to $20.8M. Basic Earnings per Share excluding Extraordinary Items increased from -$0.56 to -$0.33. |
Employees: | 40 as of Dec 11, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $15.06M as of Sep 30, 2024 |
Annual revenue (TTM): | $15.81M as of Sep 30, 2024 |
EBITDA (TTM): | -$14.99M as of Sep 30, 2024 |
Net annual income (TTM): | -$23.75M as of Sep 30, 2024 |
Free cash flow (TTM): | -$8.26M as of Sep 30, 2024 |
Net Debt Last Fiscal Year: | $10.53M as of Sep 30, 2024 |
Shares outstanding: | 80,825,910 as of Dec 17, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |