Loop Media estimates for the quarter ended June 30, 2023, total revenue of approximately $5.4 million to $5.6 million, cost of revenue of approximately $3.5 million to $3.8 million and operating loss of approximately $(7.6) million to $(7.9) million. The Company expects to report reduced underlying SG&A expenses (which excludes stock-based compensation and amortization and depreciation) costs by approximately 20% for Loop Media's quarter ended June 30, 2023, as compared to the quarter ended March 31, 2023. The Company estimates gross profit margin as a percentage of total revenue of approximately 30% to 33% for the quarter ending June 30, 2023.
Loop Media Expects Q3 Revenue Of $5.4M-$5.6M Vs. $8.3M Est., Operating Loss Of $(7.6)M-$(7.9)M
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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