Boat Rocker Media (TSE:BRMI) has released an update.
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Boat Rocker Media Inc. reported a significant increase in Q2 net income to $41.9 million, a sharp contrast to the net loss of $5.8 million in the same quarter last year, thanks to the sale of its majority stake in Untitled Entertainment. Despite this gain, Q2 revenue saw a substantial decrease of 60.7% to $47.5 million from the previous year, and the company remains debt-free with $123.7 million in total cash.
For further insights into TSE:BRMI stock, check out TipRanks’ Stock Analysis page.
