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Loop Media (LPTV)
OTHER OTC:LPTV
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-$0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 10, 2024
|% Change Since: -43.40%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Neutral
The call highlighted significant operational efficiencies and cost management improvements, reflected in improved adjusted EBITDA and a reduced net loss. However, these were offset by notable challenges, including significant revenue and gross profit declines, a decrease in active user count, and a weakened cash position.Company Guidance
During the Loop Media Q4 2024 earnings call, executives discussed several key financial metrics and strategic initiatives aimed at improving the company's financial health. Revenue for the fiscal year was reported at $22.3 million, a decrease from $31.6 million in 2023, while Q4 revenue was $3.7 million, down from $5.7 million the previous year. Despite the revenue decline, the company managed to improve its adjusted EBITDA, which showed a loss of $11.1 million for the year versus a $15.7 million loss in 2023, and a Q4 loss of $2.8 million compared to $4.8 million in the same quarter of 2023. The company reduced its SG&A expenses to $20.6 million for the year, representing a 30% reduction from 2023. The gross margin for the fiscal year was 26.9%, slightly down from 33.7% in 2023, but Q4 saw a slight improvement to 27.6% from 27.5% in the previous year. Loop Media also reported a net loss of $24.5 million for the year, an improvement from a $32 million loss in 2023. Efforts to achieve a cash flow positive position included strategic cost-cutting measures such as reducing third-party vendor costs and workforce, with the aim of balancing revenue growth with a stronger bottom line. The company ended the year with 77,000 active Loop Players and Partner Screens, and noted an increase in Partner Screens by 17% from the previous year.Operational Efficiency Improvement
Despite a 30% decrease in revenue year-over-year, Loop Media achieved a 29% improvement in adjusted EBITDA due to significant cost-cutting measures, including headcount reduction and restructuring unprofitable contracts.
Gross Margin Stability
While fiscal Q4 revenues declined by 35%, the gross margin rate improved slightly, demonstrating the company's focus on operational efficiency amidst a challenging revenue environment.
Decrease in Net Loss
Net loss for fiscal year 2024 improved to $24.5 million from $32 million in 2023, with Q4 net loss decreasing to $6.2 million from $9 million in the same quarter of the previous year.
Positive Adjusted EBITDA Trend
Adjusted EBITDA loss improved from $15.7 million in fiscal 2023 to $11.1 million in fiscal 2024, with Q4 showing an improvement from a loss of $4.8 million to $2.8 million.
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LPTV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LPTV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 10, 2024 | $0.05 | $0.04 | -20.00% |
| Aug 07, 2024 | $0.12 | $0.08 | -33.33% |
| May 03, 2024 | $0.32 | $0.24 | -25.00% |
| Feb 06, 2024 | $0.69 | $0.70 | +1.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Loop Media (LPTV) report earnings?
Loop Media (LPTV) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Loop Media (LPTV) earnings time?
Loop Media (LPTV) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LPTV EPS forecast?
Currently, no data Available
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