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Loop Media, Inc., based in Palo Alto, California, is a streaming media company providing commercial streaming video products and solutions for businesses and consumers. Loop TV offers a plug-and-play option with applications for Amazon Fire TV, Roku, Apple TV, and smart TVs, while Loop Screencast caters to businesses. The company specializes in premium short-form video content, including music videos, film, game, and TV trailers. Loop Media utilizes marketing technology to deliver content in various settings like hospitality, dining, retail venues, branded media sites, and over-the-top TV platforms. The company's innovative approach and diverse content offerings have positioned it as a leading player in the digital media landscape.
Loop Media, Inc. (AMEX: LPTV), a multichannel streaming platform, has launched an awareness campaign highlighting the accessibility and resiliency of its free ad-supported content solutions for businesses. With the national average internet speed at 119.03 Mbps, Loop Media reports that its business venues average just 23.11 Mbps. Their proprietary Loop Player can minimize bandwidth usage to 4 Mbps, allowing for seamless operation alongside critical services. Loop Media aims to support businesses in transitioning to streaming entertainment, enhancing operational efficiency amidst increasing demand for digital content.
Loop Media (NYSE American: LPTV) reported a remarkable Q4 2022, with revenue up 5x YoY to $12.2 million and full-year revenue increasing 6x to $30.8 million. Gross profit surged to $4.7 million in Q4, lifting gross margins to 38.5%. However, the company faced a net loss of $14.6 million or ($0.28) per share, though this was an improvement from the prior year's loss. Cash and equivalents rose to $14.1 million, thanks to a successful public offering. Looking ahead, Loop aims for continued growth and positive adjusted EBITDA in fiscal 2023.
Loop Media, Inc. (NYSE American: LPTV) will host a conference call on December 13, 2022, at 5:00 p.m. Eastern time, to discuss its financial results for the fourth quarter and full fiscal year ending September 30, 2022. The conference will provide insights into the company's performance in the competitive streaming market, with a focus on their curated music video and branded entertainment channels. Investors can register via a live webcast and a replay will be available on the investor relations section of the company's website.
Loop Media Inc. (NYSE American: LPTV) has announced a strategic partnership with ACTV8me to enhance ad monetization and consumer engagement across its out-of-home (OOH) platform. This alliance enables brands to use ACTV8me's dynamic marketing technology, including Sequential QR Code, to provide personalized offers directly to consumers’ mobile devices. The collaboration aims to improve advertising effectiveness by tracking interactions and driving sales through location-based promotions. The initiative will commence in January 2023 across Loop Media's retail network.
Loop Media, Inc. (NYSE: LPTV) has launched four new branded channels—Blossom, Wired2Fish TV, Breezy Golf, and NEWSnet—optimized for out-of-home (OOH) venues. Blossom focuses on DIY content, Wired2Fish TV caters to fishing enthusiasts, Breezy Golf offers humorous golf-related content, and NEWSnet presents traditional news without pundits. CEO Jon Niermann highlighted that these channels expand Loop's portfolio of over 200 existing music and non-music channels, enhancing engagement in diverse venues across the U.S.
Loop Media, Inc. (NYSE American: LPTV) announced that Chief Revenue Officer Bob Gruters will participate in a panel discussion at Advertising Week in New York City on October 18 from 1:15 PM to 1:45 PM. The panel, moderated by Lara O'Reilly from Business Insider, focuses on User Experience in Advertising across various screens. Gruters will share insights alongside notable panelists from SpringServe and FuboTV. Advertising Week NYC 2022 features over 800 speakers, celebrating culture, commerce, and creativity.
Loop Media (NYSE American: LPTV) has launched a dedicated TikTok channel for businesses, integrating TikTok content into its digital out-of-home service. This collaboration brings popular TikTok videos to over 12,500 Loop Players across the U.S., enhancing customer engagement in venues like restaurants and retail spaces. The channel is specifically curated for public viewing, featuring tens of thousands of visually appealing videos optimized for soundless enjoyment. This initiative aims to provide businesses with new entertainment options while expanding TikTok's reach.
Loop Media, Inc. (NYSE American: LPTV) announced expanded distribution to NBC Universal’s Peacock streaming service and new channels for its SONIFI partnership and Loop for Business service. Its new channel, 'HyperLoop,' is now available in over 400,000 hotel rooms across the U.S. The company also introduced four new music video channels dedicated to Country, Pop, Latin, and Classics on Peacock. Additionally, 'TriviaLoop' offers interactive quizzes across eight categories for businesses. Loop Media continues to grow its presence in the Out-of-Home (OOH) entertainment sector.
Loop Media, Inc. (NYSE American: LPTV) has successfully priced an underwritten public offering of 2,400,000 shares at $5.00 per share, aiming to raise $12 million before expenses. The offering includes a 30-day option for the underwriter to purchase an additional 360,000 shares. Trading under the ticker symbol “LPTV” commenced on September 22, 2022, with expected closure on or around September 26, 2022, subject to customary conditions. Roth Capital Partners is the sole manager of the offering, which seeks to support Loop Media's multi-channel streaming platform growth.
Loop Media, Inc. (OTC: LPTV) will uplist to the NYSE American, with trading expected to commence around September 22, 2022. The uplisting is contingent upon meeting NYSE American requirements and SEC approval of its registration statement for a public offering. Additionally, the company plans a 1-for-3 reverse stock split effective at 4:01 PM ET on September 20, 2022, reducing shares from approximately 153.5 million to 51.2 million. Following the split, a temporary ticker symbol will be used until it trades under
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