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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提供的第三季度指导低于街头对宏观不利因素的预期
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财年第三季度的指导。该公司预计第三季度营收为540万至560万美元(低于普遍预期的830万美元)，运营亏损为(760万至790万美元)。
  • 该公司预计，与截至2023年3月31日的季度相比，基本SG&A费用(不包括基于股票的薪酬以及摊销和折旧)计划减少约20%，预计这将提高利润率。
  • LPTV预计本季度毛利率约为30%-33%。
  • 该公司预计，由于潜在的经济衰退，本季度数字广告支出将继续面临行业和宏观逆风。
  • 上个月，该公司公布第二季度营收为540万美元，低于市场普遍预期的770万美元，每股亏损0.17美元，低于市场普遍预期的0.14美元。
  • 截至2023年3月31日，现金和现金等价物为470万美元。
  • 价格行动：LPTV股价在周五的最后一次开盘前下跌4.01%，至3.35美元。

译文内容由第三方软件翻译。


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