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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
Benzinga ·  2023/06/02 20:42
  • 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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