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Loop Media (LPTV) - 2025 Q3 - Quarterly Report
2025-08-14 18:33
(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41508 LOOP MEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...
Loop Media (LPTV) - 2025 Q2 - Quarterly Report
2025-05-15 17:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) Nevada 47-3975872 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition ...
Velocity Media Expands its Advertising Sales Network with Loop Media Agreement
Prnewswire· 2025-02-12 14:38
Loop Media is the Latest to Join the Network With 10,000 VenuesVelocity Media Network digital out-of-home (DOOH) Now Surpass 50,000 VenuesHOLLAND, Ohio, Feb. 12, 2025 /PRNewswire/ -- Velocity, A Managed Solutions Company (Velocity), is a technology provider specializing in voice, data, and connectivity solutions. Through its Velocity Media division, which specializes in operating and monetizing a leading digital out-of-home (DOOH) network, digital signage, advertising networks, and media sales, it announces ...
Loop Media (LPTV) - 2025 Q1 - Quarterly Report
2025-02-04 19:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41508 LOOP MEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) ...
Loop Media (LPTV) - 2024 Q4 - Annual Report
2024-12-12 22:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-41508 LOOP MEDIA, INC. (Exact Name of Registrant as Specified in its Charter) Nevada 47-3975872 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S Employer I ...
Loop Media (LPTV) - 2024 Q4 - Earnings Call Transcript
2024-12-10 23:48
Financial Data and Key Metrics Changes - For the fiscal year 2024, revenue was $22.3 million, down from $31.6 million in fiscal 2023, representing a decrease of approximately 29.3% [18] - In the fiscal fourth quarter, revenue was $3.7 million compared to $5.7 million in the same period last year, a decline of 35% [18] - Gross profit for the fiscal year 2024 was $6.0 million, down from $10.7 million in fiscal 2023, with a gross margin rate of 26.9% compared to 33.7% in the previous year [19] - The net loss improved to $24.5 million or $0.33 per share in fiscal 2024, compared to a net loss of $32 million or $0.56 per share in fiscal 2023 [24] Business Line Data and Key Metrics Changes - Active Loop Players and Partner Screens totaled approximately 77,000, with 27,811 QAUs on the owned platform, a decrease of 25% year-over-year [21] - Partner Platform screens increased by about 7,000 or 17% compared to the fourth quarter of fiscal 2023 [21] - SG&A expenses were reduced to $20.6 million in fiscal 2024 from $29.4 million in fiscal 2023, reflecting a 30% year-over-year decrease [22] Market Data and Key Metrics Changes - The company has shifted its distribution strategy internally, which has contributed to overall expense reduction [9] - The advertising industry is adapting to the CTV for out-of-home market, with participation from major players like Google and Microsoft [13] Company Strategy and Development Direction - The company is focused on achieving cash flow positivity and maximizing shareholder returns through cost optimization and operational efficiency [6][8] - Strategic measures include reducing third-party vendor costs, restructuring unprofitable contracts, and workforce reductions [7] - Future priorities include enhancing the functionality of Loop Players and increasing distribution to improve the bottom line [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the measures taken to improve operational efficiency and reduce cash burn, which will help the company reach breakeven [25] - The company acknowledges the challenges in revenue but highlights improvements in net loss and adjusted EBITDA as indicators of effective cost management [24] Other Important Information - Cash and cash equivalents were $0.8 million as of September 30, 2024, down from $3.1 million a year earlier [26] - The company raised an additional $5 million post fiscal year-end and is working on securing a more favorable ABL facility [26] Summary of Q&A Session - There was no Q&A session following the management remarks [29]
Loop Media (LPTV) - 2024 Q4 - Annual Results
2024-12-10 21:30
Offering Details - The Company is selling 2,127,659 shares of common stock at a price of $0.0470 per share, totaling an aggregate purchase price of $100,000[4] - The Closing of the Offering is scheduled to occur on or about December 5, 2024[7] - The Purchaser is acquiring 2,127,659 shares for a total purchase price of $100,000[60] - The Company reported a per security purchase price of $0.0470 per share[69] Compliance and Regulations - The Company has filed all required SEC Reports and the financial statements comply with applicable accounting requirements[20] - The Company is subject to the regulations of the United States Securities and Exchange Commission[66] - The Company is classified under the Securities Exchange Act of 1934, which governs its reporting obligations[67] - The Company has no non-public information disclosed in the schedule[99] Investor Requirements - The Purchaser is required to deliver an Accredited Investor Questionnaire as part of the purchase process[29] - The Purchaser acknowledges that the investment in the Shares is highly speculative and has reviewed all SEC Reports[23] - The Purchaser acknowledges the limitations of resale under Rule 144, which includes holding periods and public market conditions[30] - The Purchaser agrees to comply with state and federal securities laws regarding the sale of Shares[37] - The Company has outlined various categories for accredited investors, including individuals with a net worth exceeding $1,000,000[78] - The Company emphasizes the importance of accurate and complete information from potential investors[76] Share Characteristics - The Shares will be duly authorized and, when issued, will be fully paid and nonassessable[17] - The Shares are classified as restricted securities and must be held indefinitely unless registered under the Securities Act[30] - The Company may require an opinion of counsel for any transfer of Shares not conducted under an effective registration statement[35] Legal and Governance - The Agreement includes provisions for fees and expenses incurred by each party during the negotiation and execution process[40] - The Agreement is governed by the laws of the State of New York, with exclusive jurisdiction in New York courts[46] - The Purchaser waives the right to a jury trial in any legal proceedings related to the Agreement[48] - The representations and warranties in the Agreement will survive the Closing and delivery of the Shares[49] - The Company has executed the Agreement as of the Effective Date, December 5, 2024[57] Company Operations - The Company has no outstanding options, warrants, or commitments related to its common stock, except as disclosed in SEC Reports[19] - The Company is in good standing under the laws of Nevada and has the requisite power to conduct its business[15] - The independent registered accounting firm for the Company is Marcum LLP, which is expected to express its opinion on the Audited Financial Statements[22] - The Company has rights to all necessary intellectual property for its business operations[21] - The Company has a transfer agent, ClearTrust LLC, responsible for managing its share transactions[71] - The Company has established a Disclosure Schedule to provide necessary information to investors[98] - The Company defines "Material Adverse Effect" as a significant negative impact on its operations or financial condition[68] - The Company has provisions for various types of accredited investors, including banks and investment companies[83]
Loop Media (LPTV) Reports Q3 Loss, Misses Revenue Estimates
ZACKS· 2024-08-08 00:21
Company Performance - Loop Media reported a quarterly loss of $0.07 per share, better than the Zacks Consensus Estimate of a loss of $0.09, and an improvement from a loss of $0.15 per share a year ago, resulting in an earnings surprise of 22.22% [1] - The company posted revenues of $4.35 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 2.55%, and down from $5.74 million in the same quarter last year [2] - Over the last four quarters, Loop Media has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - Loop Media shares have declined approximately 88.5% since the beginning of the year, contrasting with the S&P 500's gain of 9.9% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.06 on revenues of $8.21 million, and for the current fiscal year, it is -$0.35 on revenues of $26.84 million [7] Industry Outlook - The Broadcast Radio and Television industry, to which Loop Media belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Loop Media's stock performance [5]
Loop Media (LPTV) - 2024 Q3 - Quarterly Report
2024-08-07 21:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41508 LOOP MEDIA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (IR ...
Why Is Loop Media (LPTV) Stock Up 69% Today?
Investor Place· 2024-07-01 11:59
Loop Media (NYSEMKT:LPTV) stock is rocketing higher on Monday alongside heavy pre-market trading of the multichannel digital video platform media company's shares. This movement comes without any news from LPTV stock this morning. However, the company did announce a strategic partnership last week that saw its shares rise and fall in the later half of it. Today's movement could be ongoing from that news. What That Means for LPTV Stock Secpically, it may be speculative traders who are behind today's movement ...