Loop Media Faces Revenue Decline, Optimistic on Future
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 11 2024
0mins
Should l Buy ?
Source: Business Insider
Earnings Report Overview: Loop Media Inc. reported a challenging fiscal year 2024 with a 30% revenue decline to $22.3 million and a net loss of $24.5 million, though this was an improvement from the previous year's loss of $32.0 million.
Future Strategies: The company aims to achieve cash flow positivity by enhancing its technological infrastructure and streamlining its business model, focusing on software upgrades and cost management to improve financial performance in the upcoming fiscal year.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
