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Troika Media Group Inc - TRKA STOCK NEWS

Welcome to our dedicated news page for Troika Media Group (Ticker: TRKA), a resource for investors and traders seeking the latest updates and insights on Troika Media Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Troika Media Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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 Troika Media Group's position in the market.

Rhea-AI Summary
Troika Media Group, Inc. (Nasdaq: TRKA) announced financial results for the quarter ended September 30, 2023, reporting a 55% decrease in revenue, 53% decrease in gross profit, and a net loss of $55.5 million. The company also filed for Chapter 11 bankruptcy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.74%
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Rhea-AI Summary
Troika Media Group, Inc. (Nasdaq: TRKA) received a determination letter from Nasdaq, stating that its securities will be suspended from trading and delisted from Nasdaq on December 18, 2023. This decision was based on concerns related to TMG's Chapter 11 bankruptcy filing, residual equity interest of existing securities holders, and failure to file its Form 10-Q for the period ended September 30, 2023. TMG does not intend to appeal the determination.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-37.55%
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Rhea-AI Summary
Troika Media Group, Inc. (TRKA) has entered into a restructuring support agreement with Blue Torch Finance LLC, its senior secured lenders, to be acquired by Blue Torch via a stalking horse credit bid, following voluntary chapter 11 bankruptcy petitions. The Company anticipates emerging as a private company with a stronger balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-71.83%
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Rhea-AI Summary
Troika Media Group, Inc. (TRKA) received a delinquency notification letter from Nasdaq for not timely filing its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023. Nasdaq has given the company 60 days to submit a plan of compliance to regain compliance with listing rules.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.65%
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Rhea-AI Summary
Troika Media Group, Inc. announces financial results for Q2 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
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Rhea-AI Summary
Troika Media Group, Inc. (Nasdaq: TRKA) will undergo a 1-for-25 reverse stock split to increase the per share trading price and meet NASDAQ's minimum bid price requirement. The split will be effective on June 1, 2023, and will also reduce the number of authorized common stock shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.57%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.29%
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Rhea-AI Summary
Troika Media Group, Inc. (Nasdaq: TRKA) announced its financial results for Q1 2023. Highlights include a revenue of $59.0 million, a 276% increase compared to the same period last year. Gross profit reached $8.8 million, and adjusted EBITDA was approximately $1.5 million. The company experienced strong revenue growth in Performance Solutions within Home Services and Professional Services sectors.
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Rhea-AI Sentiment
End-of-Day
23.23%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-26.89%
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Troika Media Group Inc

Nasdaq:TRKA

TRKA Rankings

TRKA Stock Data

2.22M
15.51M
3.07%
5.24%
4.3%
Software Publishers
Information
Link
United States
Los Angeles

About TRKA

troika is a forward-looking branding and marketing innovations agency specializing in entertainment and sports media. a recognized category leader and strategic partner with an outstanding portfolio of blue-chip domestic and global media brands, troika is uniquely positioned for future growth and innovation as the market for content and consumer engagement expands through the proliferation of digital media. troika’s motto entertain change reflects the company’s philosophy that with profound industry changes comes profound business opportunity. for more information, visit www.troika.tv.