Welcome to our dedicated page for Loop Media news (Ticker: $LPTV), a resource for investors and traders seeking the latest updates and insights on Loop Media stock.
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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Loop Media's position in the market.
Loop Media, Inc. reported its 2024 fiscal second quarter financial results, showing a decrease in revenue to $4.0 million from $5.4 million in the previous year. The net loss was $(7.6) million compared to $(9.8) million. Adjusted EBITDA was $(4.5) million. Gross profit decreased to $0.42 million from $1.6 million. The company had 32,658 QAUs and 50,000 screens across Partner Platforms as of March 31, 2024. Operational changes were implemented to cut costs and improve profitability.
Loop Media, Inc. (NYSE American: LPTV) has scheduled a conference call on May 3, 2024, at 5:00 p.m. ET to discuss its 2024 fiscal second-quarter financial and operating results. The call will be hosted by Loop Media's management and will cover a range of topics related to the company's performance.
Loop Media, Inc. (NYSE American: LPTV) has been chosen by RadNet, Inc. (NASDAQ: RDNT) to provide ad sales services, branded channels, and customized signage for RadNetTV Channel across its 366 imaging centers. Loop Media will power RadNet's network of TVs in seven states, delivering original, entertaining, and educational content to over ten million viewers annually.
