Loop Media, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 03, 2024 at 04:30 pm EDT
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Loop Media, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 4 million compared to USD 5.39 million a year ago. Net loss was USD 7.57 million compared to USD 9.82 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to USD 0.17 a year ago.
For the six months, sales was USD 14.17 million compared to USD 20.22 million a year ago. Net loss was USD 12.86 million compared to USD 15.08 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.27 a year ago. Diluted loss per share from continuing operations was USD 0.19 compared to USD 0.27 a year ago.
Loop Media, Inc. is a multichannel digital video platform media company that uses marketing technology to offer its services. Its technology and library of videos and licensed content enables it to curate and distribute short-form videos to out-of-home (OOH) dining, hospitality, retail, convenience stores and other locations and venues to enable them to inform, entertain and engage their customers. Its technology provides third-party advertisers with a targeted marketing and promotional tool for their products and services and, in certain instances, allows it to measure the number of potential viewers of such advertising and promotional materials. It 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.
LOOP MEDIA, INC. 
