Loop Media Provides Q3 Guidance Below Street Estimates On Macro Headwinds
Loop Media Provides Q3 Guidance Below Street Estimates On Macro Headwinds
Loop Media提供的第三季度指導低於街頭對宏觀不利因素的預期
- Loop Media Inc (NYSE LPTV) today provided Q3 FY23 guidance. The company expects Q3 revenue of $5.4 million-$5.6 million (versus the consensus estimate of $8.3 million) and an operating loss of $(7.6) million-$(7.9) million.
- The company projects a planned reduction in underlying SG&A expenses (which excludes stock-based compensation and amortization and depreciation) by around 20% vs. the quarter ending March 31, 2023, which is expected to improve margins.
- LPTV expects a gross profit margin of around 30%-33% for the quarter.
- The company projects continued industry and macro headwinds in digital advertising spending in the quarter on potential recession.
- Last month, the company reported Q2 revenues of $5.4 million which missed the consensus of $7.7 million and the EPS loss of $(0.17) was worse than the consensus of $(0.14).
- As of March 31, 2023, cash and cash equivalents stood at $4.7 million.
- Price Action: LPTV shares are trading lower by 4.01% at $3.35 premarket on the last check Friday.
- Loop Media Inc (NYSE LPTV) today provided Q3 FY23 guidance. The company expects Q3 revenue of $5.4 million-$5.6 million (versus the consensus estimate of $8.3 million) and an operating loss of $(7.6) million-$(7.9) million.
- The company projects a planned reduction in underlying SG&A expenses (which excludes stock-based compensation and amortization and depreciation) by around 20% vs. the quarter ending March 31, 2023, which is expected to improve margins.
- LPTV expects a gross profit margin of around 30%-33% for the quarter.
- The company projects continued industry and macro headwinds in digital advertising spending in the quarter on potential recession.
- Last month, the company reported Q2 revenues of $5.4 million which missed the consensus of $7.7 million and the EPS loss of $(0.17) was worse than the consensus of $(0.14).
- As of March 31, 2023, cash and cash equivalents stood at $4.7 million.
- Price Action: LPTV shares are trading lower by 4.01% at $3.35 premarket on the last check Friday.
- Loop Media Inc.(NYSE LPTV)今天提供了23財年第三季度的指導。該公司預計第三季度營收為540萬至560萬美元(低於普遍預期的830萬美元),運營虧損為(760萬至790萬美元)。
- 該公司預計,與截至2023年3月31日的季度相比,基本SG&A費用(不包括基於股票的薪酬以及攤銷和折舊)計劃減少約20%,預計這將提高利潤率。
- LPTV預計本季度毛利率約為30%-33%。
- 該公司預計,由於潛在的經濟衰退,本季度數位廣告支出將繼續面臨行業和宏觀逆風。
- 上個月,該公司公佈第二季度營收為540萬美元,低於市場普遍預期的770萬美元,每股虧損0.17美元,低於市場普遍預期的0.14美元。
- 截至2023年3月31日,現金和現金等價物為470萬美元。
- 價格行動:LPTV股價在週五的最後一次開盤前下跌4.01%,至3.35美元。
譯文內容由第三人軟體翻譯。
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風險及免責聲明
以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
我知道了
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