Loop Media Reports Full Year 2024 and Fiscal Fourth Quarter Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2024
0mins
Should l Buy ?
Source: Businesswire
Financial Performance Overview: Loop Media, Inc. reported a significant decline in revenue for fiscal year 2024, with total revenue dropping to $22.3 million from $31.6 million in 2023, and a net loss of $(24.5) million compared to $(32.0) million the previous year.
Operational Changes and Future Outlook: Interim CEO Justis Kao emphasized efforts to achieve cash flow positivity by streamlining operations, reducing costs, and upgrading technology to enhance advertisement delivery, aiming for improved performance in the upcoming fiscal year.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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.
