YANGAROO INC - YOOIF STOCK NEWS

Yangaroo Inc (TSXV: YOO, OTC: YOOIF) reported Q3 2024 financial results showing a 12% revenue increase to $1.94M compared to Q3 2023. Operating income rose to $348,983, while normalized EBITDA reached $466,458. The Advertising Division saw 27% growth, driven by the Millenia3 acquisition, while Music and Awards divisions experienced slight declines. Operating expenses decreased by 7% to $1.59M through strategic cost reductions. The company maintained positive operating cash flow of $982,838 for the first nine months of 2024 and achieved its ninth consecutive quarter of positive normalized EBITDA.

Yangaroo (TSXV: YOO, OTC: YOOIF), a software company specializing in media asset workflow and distribution solutions, announced the resignation of CFO Frank Guo, effective November 30, 2024. Guo will remain until month-end to complete the Q3 2024 financial statements and management discussion. The company has begun searching for a successor and will rely on its existing finance team for interim operations. CEO Grant Schuetrumpf acknowledged Guo's contributions to building organizational stability.

Yangaroo Inc. (TSXV: YOO, OTC: YOOIF) reported its Q2 2024 financial results, marking the eighth consecutive quarter of positive Normalized EBITDA. Despite a 10% decrease in revenue to $1,949,689, the company saw improvements in operating income and cash flow. Key highlights include:

- Operating income increased to $110,704
- Normalized EBITDA rose to $337,816
- Net cash flow from operating activities more than tripled to $525,087 in H1 2024
- Revenue decline primarily due to lower Advertising and Awards division performance
- Operating expenses decreased by 3% to $1,838,985

CEO Grant Schuetrumpf emphasized the company's focus on stabilizing operations, deleveraging, and executing growth strategies through customer base expansion and technology investment.

Yangaroo Inc. (TSXV: YOO, OTC Pink: YOOIF) has executed an amendment to its loan agreement with National Bank of Canada (NBC). This amendment addresses the company's previously announced non-compliance with certain financial covenants. Key points include:

1. Extension of the Term Loan expiry to June 26, 2025
2. Modification of financial covenants
3. Requirement for holders of convertible debentures to execute amended subordination agreements
4. Waiver of interest payments on convertible debentures while subordination agreements are in effect

This amendment is part of Yangaroo's strategy to manage financial obligations and improve its financial position. The company remains committed to meeting its covenants and enhancing financial performance.

Yangaroo Inc. (TSXV: YOO) (OTC Pink: YOOIF), a software leader in media asset workflow and distribution solutions, has announced two significant developments. Firstly, the TSX Venture Exchange has accepted the company's application for reinstatement to trading, with shares set to resume trading on July 23, 2024. Secondly, Frank Guo has been appointed as Chief Financial Officer (CFO), replacing Grant Schuetrumpf who will continue as CEO.

Mr. Guo, previously Yangaroo's CFO and Financial Advisor, brings extensive financial leadership experience to support the company's growth initiatives. In connection with his appointment, Yangaroo has granted Guo 500,000 restricted share units (RSUs), vesting on July 22, 2026. These developments are part of Yangaroo's strategic efforts to strengthen its financial management and enhance shareholder value.

Yangaroo Inc. (TSXV: YOO) (OTC Pink: YOOIF), a software leader in media asset workflow and distribution solutions, has provided an update on its reinstatement application with the TSX Venture Exchange and announced non-compliance with its term loan facility. Key points:

1. The company is not in compliance with Exchange Policy 3.1 due to the lack of separation between CEO and CFO roles.
2. Yangaroo failed to meet the fixed charge coverage ratio covenant of its term loan with National Bank of Canada.
3. This resulted in reclassification of the term loan to current liabilities, leading to a working capital deficiency of $1,758,949.
4. The company is in discussions with NBC to obtain a waiver or amendment to the loan terms.
5. Management expects cash flow from operations in 2024 to cover expenses and support ongoing business operations.

Yangaroo has announced the revocation of the Cease Trade Order (CTO) by the Ontario Securities Commission (OSC), effective June 27, 2024. The company, a leader in media asset workflow and distribution solutions, plans to apply for the reinstatement of its common shares on the TSX Venture Exchange. Additionally, during its Annual General Meeting on June 27, 2024, shareholders approved all resolutions, including the re-election of three board members and the appointment of Baker Tilly WM LLP as auditors. Notably, Anthony Miller did not stand for re-election after 14 years of service.

Yangaroo announced its financial results for Q1 2024 and fiscal year 2023, reporting a notable improvement in operating income and normalized EBITDA. For FY 2023, revenue increased to $7.89 million, with operating income rising to $13,702 and normalized EBITDA to $1.14 million. The Advertising Division saw a significant boost due to the acquisition of Millenia3, while the Entertainment Group's Music Division faced revenue declines. For Q1 2024, revenue reached $1.92 million, driven by growth in advertising and music sectors, alongside a decrease in operating expenses. Notably, Yangaroo achieved its seventh consecutive quarter of positive normalized EBITDA.

Yangaroo Inc. announces the rejection of a voluntary management cease trade order and anticipates a failure-to-file cease trade order from the Ontario Securities Commission due to the inability to file audited annual financial statements by the deadline. The company's CFO has resigned, and the CEO will act as Interim CFO to complete the necessary filings.