Earnings Call Summary | Loop Media(LPTV.US) Q2 2024 Earnings Conference
Earnings Call Summary | Loop Media(LPTV.US) Q2 2024 Earnings Conference
The following is a summary of the Loop Media, Inc. (LPTV) Q2 2024 Earnings Call Transcript:
以下是Loop Media, Inc.（LPTV）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Loop Media reported a decrease in Q2 2024 revenue to $4 million, a 26% decrease from Q2 2023.
The company's gross profit margin dropped to 10.4% in Q2 2024 from 29.4% in Q2 2023.
The net loss for Q2 2024 was $7.6 million (or $0.11 per share), smaller than the $9.8 million ($0.17 per share) loss of Q2 2023.
As of March 2024, Loop Media's cash and cash equivalents were down to $2.2 million from $3.8 million in December 2023.
Loop Media報告稱，2024年第二季度收入下降至400萬美元，較2023年第二季度下降26％。
該公司的毛利率從2023年第二季度的29.4％降至2024年第二季度的10.4％。
2024年第二季度的淨虧損爲760萬美元（合每股虧損0.11美元），低於2023年第二季度的980萬美元（每股虧損0.17美元）。
截至2024年3月，Loop Media的現金及現金等價物從2023年12月的380萬美元降至220萬美元。
Business Progress:
業務進展：
Loop Media has around 83,000 active Loop Players and partner screens across their network as of March 2024.
Significant organizational changes have been implemented to increase competitiveness and speed up the journey to breakeven and operating profitability.
The focus is on increasing the distribution footprint in selected advertising markets and more appealing out-of-home locations.
The company expects a challenging ad market environment due to changes in business terms by one of the major ad demand contributors.
The new CEO plans to improve the profitability and increase the revenues.
截至2024年3月，Loop Media在其網絡中擁有約83,000名活躍的Loop玩家和合作夥伴屏幕。
已經實施了重大組織變革，以提高競爭力，加快盈虧平衡和運營盈利能力。
重點是增加選定廣告市場的分銷足跡和更具吸引力的戶外地點。
該公司預計，由於主要廣告需求貢獻者之一的業務條款發生變化，廣告市場環境將充滿挑戰。
新任首席執行官計劃提高盈利能力並增加收入。
More details: Loop Media IR
更多詳情： 循環媒體紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。