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.