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 ...

Loop Media, Inc. (NYSE:LPTV) Q2 2024 Earnings Conference Call May 3, 2024 5:00 PM ET Company Participants Jon Niermann - Former Chief Executive Officer & Co-Founder Justis Kao - Interim Chief Executive Officer Neil Watanabe - Chief Financial Officer Conference Call Participants Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Loop Media's Financial Results for the 2024 Fiscal Second Quarter Ended March 31, 2024. Joining us today are Loop's Interim CEO ...

Table of Contents 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 March 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) 2600 West Olive Avenue, Suite 5 ...

Exhibit 99.1 Loop Media Reports 2024 Fiscal Second Quarter Financial Results BURBANK, CA – May 3, 2024 – Loop Media, Inc. ("Loop Media" or "our" or the "Company") (NYSE American: LPTV), a leading multichannel streaming CTV platform that provides curated music videos, sports, news, premium entertainment channels and digital signage for businesses, reports financial and operating results for its 2024 fiscal second quarter ended March 31, 2024. 2024 Fiscal Second Quarter (March 31, 2024) Financial Results Summ ...

Financial Data and Key Metrics Changes - In Q1 FY '24, revenue reached $10.2 million, a significant increase of 79% from $5.7 million in Q4 FY '23, but a decrease from $14.8 million in Q1 FY '23 [18][21] - Gross profit for Q1 FY '24 was $3.6 million, down from $5.7 million in the same period last year, with a gross margin rate of 35.6% compared to 38.4% in Q1 FY '23 [8][21] - The net loss for Q1 FY '24 was $5.3 million, consistent with the loss reported in Q1 FY '23, translating to a loss of $0.09 per share for both periods [77] Business Line Data and Key Metrics Changes - The number of active Loop Players and Partner Screens increased to approximately 77,000, with 33,783 quarterly active Loop Players, marking a 26% increase year-over-year [76] - The company experienced a net reduction of 3,200 Loop Players during the quarter, attributed to a strategic shift towards more desirable venues and markets [19][25] Market Data and Key Metrics Changes - The company noted a focus on targeted advertising markets and desirable out-of-home locations, including convenience stores and restaurants, to enhance revenue potential [19][70] - The first quarter is typically the weakest advertising quarter of the year, but the company remains optimistic about revenue growth in the second half of 2024 [20][81] Company Strategy and Development Direction - The company aims to achieve cash flow positivity by tightening the bottom line and realizing cost efficiencies without dampening future growth [6] - There is a strategic focus on leveraging partnerships and exploring M&A opportunities to enhance platform integration and revenue growth [70] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the revenue ramp in the second half of 2024, citing increased brand awareness and successful sales and marketing efforts [20] - The company is cautious about the current advertising environment but sees signs of recovery, particularly in political advertising as the year progresses [57][81] Other Important Information - Cash and cash equivalents increased to $3.8 million as of December 31, 2023, up from $3.1 million at the end of Q4 FY '23, while total net debt decreased to $7.1 million [9] - Total SG&A expenses for Q1 FY '24 were $6.2 million, down from $8.0 million in the same period last year, primarily due to reduced digital marketing spend [42] Q&A Session Summary Question: What caused the reduction in Loop Players this quarter? - Management explained that the reduction was due to natural attrition and a strategic focus on venues that provide better returns on investment [25][45] Question: How does the company expect political ad spend to impact revenue? - Management indicated that the previous year's revenue included significant political ad spend, and the current quarter's revenue reflects organic growth, which is encouraging for the core business [48] Question: What are the expectations for gross margin moving forward? - Management noted that gross margins improved due to better revenue mix and operational efficiencies, with potential for further margin expansion as revenue increases [58][66]

Financial Performance - Revenue for the three months ended December 31, 2023, was $10,171,256, a decrease of $4,654,575, or 31%, from $14,825,831 for the same period in 2022, primarily due to a lack of political ad placements and a slowdown in digital advertising spend[194]. - Total revenue for the three months ended December 31, 2023, was $10,171,256, a decrease of 31% compared to $14,825,831 for the same period in 2022[269]. - Advertising revenue accounted for 92% of total revenue in Q4 2023, down from 94% in Q4 2022, with advertising revenue reported at $9,394,764[271]. - Legacy and other revenue for Q4 2023 was $776,492, a decrease from $866,326 in Q4 2022[269]. - For the three months ended December 31, 2023, the GAAP net loss was $5,285,402, compared to a net loss of $5,259,439 for the same period in 2022[221]. - Adjusted EBITDA for the same period was $(1,482,189), an improvement from $(1,589,936) in the prior year, reflecting a decrease in stock-based compensation and non-recurring expenses[221]. Revenue Sources - Revenue is primarily generated from ad sales, recognized when digital advertising impressions are filled, while subscription service revenue is recognized over the service term[177]. - The company’s customer base includes OOH locations and advertisers, with revenue derived from both advertising inventory sales and subscription fees[154][156]. Active Users and Growth - As of December 31, 2023, the company had approximately 77,000 active Loop Players and Partner Screens, including 33,783 quarterly active Loop Players (QAUs), a 26% increase from 26,903 QAUs in Q4 2022, but a 9% decrease from 37,021 QAUs in Q3 2023[154][171]. - The company has seen a significant increase in Partner Screens, with approximately 43,000 Partner Screens as of December 31, 2023, a 153% increase from 17,000 in Q4 2022[154][171]. - The company has focused on a targeted distribution model, pivoting to specific advertising markets and desirable out-of-home locations, which is expected to enhance QAUs growth[172]. - The company experienced a decrease in QAUs due to natural attrition and technical issues, with some Loop Players not returning to active status after downtime in September 2023[172]. Cost and Expenses - Cost of revenue for the three months ended December 31, 2023, was $6,546,717, a decrease of $2,593,083, or 28%, from $9,139,800 for the same period in 2022, driven by decreased revenue offset by revenue mix and incremental licensing costs[198]. - Gross profit margin for the three months ended December 31, 2023, was $3,624,539, a decrease of $2,061,492, or 36%, from $5,686,031 for the same period in 2022, with a margin percentage of approximately 35.6% compared to 38.4% in the prior year[199]. - Total operating expenses for the three months ended December 31, 2023, were $7,881,077, a decrease of $2,055,580, or 21%, from $9,936,657 for the same period in 2022[202]. - Sales, General and Administrative Expenses for the three months ended December 31, 2023, were $6,170,977, a decrease of $1,787,157, or 22%, from $7,958,134 for the same period in 2022[202]. - Payroll costs for the three months ended December 31, 2023, were $2,119,178, a decrease of $1,368,571, or 39%, from $3,487,749 for the same period in 2022[204]. - Stock-based compensation for the three months ended December 31, 2023, was $1,328,225, a decrease of $462,582, or 26%, from $1,790,807 for the same period in 2022[207]. - The company completed a plan to reduce overall SG&A costs by approximately 20% during fiscal year 2023, including labor and various other operating costs[208]. - The company is focusing on improving margins by changing the mix of premium content on its O&O Platform and has negotiated new content licenses to lower costs and create new channels[200]. Cash Flow and Financing - Cash balance as of December 31, 2023, was $3,811,159, down 51% from $7,753,644 at the end of December 2022[229]. - Net cash used in operating activities decreased by 78% to $1,526,995 for the three months ended December 31, 2023, from $6,823,229 in the same period of 2022[226]. - Net cash used in investing activities was $394,401, a decrease of 36% from $618,032 in the prior year, primarily due to reduced purchases of property and equipment[227]. - Net cash provided by financing activities increased by 137% to $2,663,859, up from $1,122,991 in the same period of 2022, mainly due to proceeds from warrant exercises and a revolving line of credit[228]. - The company has an accumulated deficit of $133,570,945 as of December 31, 2023[230]. - A new Revolving Line of Credit Agreement was established with Excel Family Partners for up to $2,500,000, effective December 14, 2023[233]. - The GemCap Revolving Line of Credit Agreement allows for borrowing up to $6,000,000, with a maturity date of July 29, 2024[236]. - The company anticipates continuing to incur net losses for the foreseeable future while exploring alternative revenue sources and reducing operating expenses[223]. - As of December 31, 2023, the balance of the GemCap Revolving Line of Credit was $5,494,323, an increase from $3,757,074 as of September 30, 2023, with interest expense of $375,630 for the three months ended December 31, 2023[240]. - The RAT Non-Revolving Line of Credit had a balance of $1,770,795 as of December 31, 2023, down from $2,300,899 as of September 30, 2023, with interest expense of $136,976 for the three months ended December 31, 2023[245]. - The May 2023 Secured Line of Credit had a principal balance of $837,333 as of December 31, 2023, significantly reduced from $3,214,769 as of September 30, 2023, with interest expense of $180,480 for the three months ended December 31, 2023[249]. - The company issued warrants for an aggregate of up to 209,522 shares at an exercise price of $5.25 per share in connection with the RAT Non-Revolving Line of Credit Agreement[241]. - The maturity date of the RAT Non-Revolving Line of Credit was extended to August 13, 2024, with a payment of $374,000 made on November 13, 2023, including accrued interest and principal[242]. - As of December 31, 2023, a total principal amount of $800,000 remained on the May 2023 Secured Line of Credit, with outstanding warrants for a total of 83,142 warrant shares[247]. - The company agreed to amend existing warrants to reduce the exercise price to $0.80 per share, resulting in net proceeds of $983,851 from the exercise of 1,850,874 shares as of December 31, 2023[254]. - The company refinanced the Excel $2.2M Line of Credit, resulting in no principal or interest remaining under that agreement as of December 31, 2023[252]. - The interest rate for the RAT Non-Revolving Line of Credit and the May 2023 Secured Line of Credit is fixed at 12% per year[246]. - The company plans to apply one-third of the net proceeds from future capital raises to pay down the outstanding principal under the RAT Non-Revolving Line of Credit[242]. Regulatory and Compliance - The company expects to continue to incur significant legal and financial expenditures to meet regulatory requirements as a NYSE American listed public company[261]. - The company plans to opportunistically seek access to additional capital to license or acquire products, services, or companies to expand operations[259]. - The company does not expect to experience positive cash flows from operations in the near future due to ongoing investments in its Loop Players and Partner Platform business[261]. - The company has filed a Prospectus Supplement to decrease the amount of Common Stock available for sale under the ATM Sales Agreement to $18,200,000[256]. Accounting Standards - FASB issued ASU 2023-09 to enhance transparency in income tax disclosures, effective for annual periods beginning October 1, 2025[284]. - ASU 2023-09 will significantly change the income tax footnote in the consolidated financial statements[284]. - FASB adopted ASU 2016-13 for measuring expected credit losses, effective for fiscal years beginning after December 15, 2022[285]. - The company adopted ASU 2016-13 as of October 1, 2023, with no material impact on financial statements as of December 31, 2023[285].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Table of Contents ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ☒ OF 1934 For the fiscal year ended September 30, 2023 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) (I.R.S Employer I ...

Loop Media, Inc. (NYSE:LPTV) Q4 2023 Earnings Conference Call December 12, 2023 5:00 PM ET Company Participants Jon Niermann - Chief Executive Officer Neil Watanabe - Chief Financial Officer Conference Call Participants Darren Aftahi - ROTH MKM Eric Wolfe - B. Riley Securities David Marsh - Singular Research Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Loop Media’s Financial Results for the Full-Year 2023 and the Fiscal Fourth Quarter ended Septemb ...

Financial Data and Key Metrics Changes - Revenue decreased approximately 47% to $5.7 million compared to $10.8 million in the same period last year, primarily due to a reduction in ad placements and a general slowdown in digital advertising spend [29] - Gross margin rate was 31.8%, down from 35% in the prior year quarter, driven by revenue mix changes and the full quarter impact of the lower margin Partner Platform business [9] - Net loss for the fiscal third quarter was $7.9 million or $0.14 loss per share, compared to a net loss of $5.7 million or $0.11 loss per share for the same period last year [10] Business Line Data and Key Metrics Changes - The Partner Platform business saw a 50% increase in screens, adding 12,000 screens to reach a total of 36,000 [38] - Gross profit in the fiscal third quarter was $1.8 million, down from $3.8 million in the same period last year, due to reduced sales and challenges in leveraging fixed costs [30] Market Data and Key Metrics Changes - The company experienced headwinds in the digital programmatic ads market, which began in the second half of fiscal Q1 and continued through fiscal Q3 [3][4] - Monthly video impressions viewed are estimated to exceed 2 billion, indicating a substantial distribution footprint [34] Company Strategy and Development Direction - The company aims to diversify revenue sources and reduce the impact of advertising market downturns, focusing on direct ad sales and key advertising geographies [23] - A new inventory category for supply-side partnerships called CTV Out of Home has been created, which is expected to enhance revenue growth opportunities [20] Management's Comments on Operating Environment and Future Outlook - Management believes the slowing growth is temporary and anticipates more positive outcomes in future periods as the advertising market improves [3][7] - The company is committed to increasing efficiency and cost-cutting while maintaining growth, having reduced SG&A costs by approximately 20% from fiscal Q2 to Q3 [25][36] Other Important Information - Cash and cash equivalents increased to $6.4 million as of June 30, 2023, compared to $4.7 million on March 31, 2023, driven by equity offerings and improved cash management [37] - The company had only 73 full-time employees at the end of Q3, emphasizing a lean organizational structure [27] Q&A Session Summary Question: What are the expectations for future revenue growth? - Management expressed optimism about future revenue growth as the advertising market improves and highlighted the strong pipeline of partners and expanding distribution network [7][20] Question: How is the company addressing the current advertising market challenges? - The company is focusing on diversifying revenue sources, increasing efficiency, and reducing costs while maintaining a commitment to growth [23][24]

Table of Contents 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, 2023 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 (State or other jurisdiction of incorporation) (IRS Employer Identification Number) 2600 West Olive Aven ...