Loop Media Inc (PK:LPTV)

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
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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

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