Loop Media, Inc.
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Range $6.5 – $6.5
Price Chart
About the company
Loop Media, Inc. functions as a digital media company, managing a versatile multi-channel video platform. Their diverse content library features carefully selected music videos acquired under license from both major and independent record labels.
- CEO
- Justis Kao
- IPO
- 2021
- Employees
- 40
- HQ
- Glendale, CA, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $76.78K
- P/E
- -0.00
- PEG
- -0.00
- P/S
- 0.00
- P/B
- -0.00
- EV/EBITDA
- -0.46
- Div Yield
- 0.00%
- Gross Margin
- 26.87%
- Op Margin
- -93.32%
- Net Margin
- -110.07%
- ROE
- 216.77%
- ROIC
- 225.55%
Latest fiscal year · YoY change
- Revenue
- $22.25M-29.7%
- Gross Profit
- $5.98M-43.9%
- Op Income
- $-20,768,681
- Net Income
- $-24,495,602+23.4%
- EPS
- $-0.33+41.1%
- OCF Growth
- +49.7%
- FCF Growth
- +54.5%
- 52W High
- $0.07
- 52W Low
- $0.00
- 50D MA
- $0.00
- 200D MA
- $0.02
- Beta
- 0.41
- RSI (14)
- 37
- Avg Volume
- 3.08M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Loop Media’s fiscal 2024 showed sharply lower revenue, but management said aggressive cost cuts and operating changes improved margins, reduced losses, and positioned the company for a stronger fiscal 2025.· December 10, 2024
- Fiscal 2024 revenue fell to $22.3 million from $31.6 million, but adjusted EBITDA improved to a loss of $11.1 million from a loss of $15.7 million.
- Q4 revenue was $3.7 million versus $5.7 million a year ago, while gross margin held roughly flat at 27.6% versus 27.5%.
- SG&A excluding certain items dropped to $20.6 million in fiscal 2024 from $29.4 million, reflecting headcount, marketing, and professional-fee reductions.
- Management said software upgrades for Loop Players are underway and should roll out in the coming weeks to improve ad flow and player functionality.
- The company raised an additional $5 million after year-end, paid off and closed its AR facility, and is seeking a more favorable ABL facility near term.
For fiscal 2024, revenue was $22.3 million versus $31.6 million in fiscal 2023, gross profit was $6.0 million versus $10.7 million, gross margin was 26.9% versus 33.7%, net loss was $24.5 million, or $0.33 per share, versus $32.0 million, or $0.56 per share, and adjusted EBITDA was a loss of $11.1 million versus a loss of $15.7 million. In fiscal Q4, revenue was $3.7 million versus $5.7 million, gross profit was $1.0 million versus $1.6 million, gross margin was 27.6% versus 27.5%, net loss was $6.2 million, or $0.07 per share, versus $9.0 million, or $0.15 per share, and adjusted EBITDA was a loss of $2.8 million versus a loss of $4.8 million. Cash and cash equivalents were $0.8 million at September 30, 2024, and total net debt was $7.8 million. After year-end, Loop raised an additional $5 million, paid off and closed its accounts receivable facility, and said it is working on a more favorable ABL facility.
Interim CEO Justis Kao framed 2024 as a transformation year and said the company’s focus has shifted from pure revenue growth toward cash flow positivity and shareholder returns. He emphasized cost discipline, including vendor reductions, contract restructuring, workforce cuts, and bringing Loop Player distribution efforts more in-house. Kao also said software upgrades are underway to improve advertising flow and device functionality, and he sounded optimistic that these changes can support a stronger bottom line in fiscal 2025.
Interim CFO Ari Olgun highlighted the year-over-year improvements driven by cost control: SG&A excluding certain items fell to $20.6 million from $29.4 million, down $8.8 million or 30%, and Q4 SG&A declined to $4.5 million from $7.4 million, down 39%. He also noted fiscal 2024 net loss improved to $24.5 million and adjusted EBITDA loss improved to $11.1 million, with Q4 net loss at $6.2 million and adjusted EBITDA loss at $2.8 million. On the balance sheet, he cited $0.8 million in cash, $7.8 million in net debt, and said the company raised $5 million after year-end while pursuing a more favorable ABL facility.
There was no analyst Q&A on this call, so no additional questions or pushback were addressed. The closest thing to guidance was management’s commentary that software upgrades should roll out in the coming weeks and that the company expects those changes, along with continued cost discipline, to improve distribution and the bottom line in fiscal 2025.
The positive case from this call is that Loop is showing measurable operating leverage: losses improved, SG&A came down sharply, and Q4 gross margin held steady despite lower revenue. Management also pointed to upcoming software improvements and a more internally managed distribution strategy as potential catalysts for better ad delivery, higher productivity, and improved results in fiscal 2025.
The main risks are still clear: revenue fell 30% in fiscal 2024 and 35% in Q4, cash was only $0.8 million at year-end, and net debt remained $7.8 million. Management acknowledged the company is still working to rebuild investor confidence and that the business has faced obstacles in scaling its CTV-for-out-of-home model.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 29.0%
- Shares Outstanding
- 109.69M
- Float Shares
- 31.78M
of shares held by institutions
1 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock Inc. | 855.27K | ▼ 1.32M |
| Interocean Capital Group, LLC | 42.05K | 0 |
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Mar 13, 25 | Kao Justis | other | 6,000,000 |
| Feb 20, 25 | Cassidy Bruce A. Sr. | other | 26,261,905 |
| Mar 13, 25 | Cassidy Bruce A. Sr. | other | 6,000,000 |
| Mar 15, 25 | Olgun Ari Roy | other | 200,000 |
| Sep 30, 24 | Olgun Ari Roy | other | 0 |
| Sep 30, 24 | Olgun Ari Roy | other | 14,610 |
| Jun 10, 24 | Cassidy Bruce A. Sr. | buy | 4,347,826 |
| Mar 15, 24 | WATANABE NEIL T | other | 200,000 |
| Mar 15, 24 | NIERMANN JON M | other | 275,000 |
| Mar 15, 24 | Kao Justis | other | 600,000 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
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Recent articles, reports, and earnings notes.
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