Loop Media, Inc. is set to join Russell 2000®, Russell 3000® and Russell Microcap Indexes.

 (“Loop Media” or “Loop”) (NYSE: LPTV), a leading multichannel streaming platform that provides curated music video, sports, news and entertainment television channels for businesses, is set to join the broad-market Russell 3000® Index, as well as Russell 2000 and Russell Microcap Indexes, at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19.

Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of April 28, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

“This is a significant moment for everyone associated with Loop Media to be selected to join the Russell 2000, 3000 and Microcap Indexes within our first year of being listed on the NYSE American,” said Jon Niermann, CEO and Co-Founder of Loop Media. “It really is recognition of how far Loop has come in a short period of time to become a state-of-the art streaming television and digital signage company that brick-and-mortar businesses have come to rely on for entertainment, curated customer experiences, engagement and brand loyalty. Advertisers and agencies are also seeing the unique highly targeted value that Loop provides as part of their CTV and Digital Video media mix. With Loop’s inclusion in the Russell Indexes, Loop’s profile will have increased visibility and awareness within the investment community, as well.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the 

 (“Loop Media”) (NYSE American: LPTV) is a leading digital out of home (DOOH)TV and digital signage platform optimized for businesses, streaming more than 200 free music video, news, sports and entertainment channels through its Loop TV service. Loop Media is the leading company in the U.S. licensed to stream music videos to businesses through its proprietary Loop Player.

Loop Media’s digital video content reaches millions of viewers in DOOH locations including bars/restaurants, office buildings, retail businesses, college campuses, airports and on free ad-supported TV platforms like Roku and at local gas stations on GSTV terminals and in 400,000 hotel rooms in over 1300 hotels in the United States.

Loop is fueled by one of the largest and most important video libraries that includes music videos, movie trailers and live performances. Loop Media’s non-music channels cover a multitude of genres and moods and include movie trailers, sports highlights, lifestyle and travel videos, viral videos and more. Loop Media’s streaming services generate revenue from advertising, sponsorships, integrated marketing and branded content, and from subscriptions.

To learn more about Loop Media products and applications, please visit us online at 

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20.1 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, Loop Media’s ability to compete in the highly competitive markets in which it operates, statements regarding Loop Media’s ability to develop talent and attract future talent, the success of strategic actions Loop Media is taking, and the impact of strategic transactions. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although Loop Media believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. Loop Media takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by Loop Media. Loop Media’s SEC filings are available at 


Jim Cerna, Head of Capital Markets | Loop Media


Loop Media, Inc. is set to join Russell 2000®, Russell 3000® and Russell Microcap Indexes.


Loop Media set to join Russell 2000®, Russell 3000® and Russell Microcap Indexes

Loop Media, Inc. is reporting financial and operating results for its fiscal second quarter ended March 31, 2023.

 – Loop Media, Inc. (“Loop Media” or “Loop” or the “Company”) (NYSE American: LPTV), a leading multichannel streaming platform that provides curated music video and branded entertainment channels for businesses, is reporting financial and operating results for its fiscal second quarter ended March 31, 2023.



Fiscal Q2 2023 vs. Fiscal Q2 2022 Highlights


• Revenue increased approximately 11% to $5.4 million.

• Gross profit increased to $1.6 million, with gross margin of 29.4%.

• Net loss was $9.8 million or $(0.17) per share, compared to a loss of $5.0 million or $(0.11) per share.

• Adjusted EBITDA (a non-GAAP financial measure defined below) was $(5.6) million compared to $(3.0) million.

• As of March 31, 2023, the Company had 32,734 quarterly active units (QAUs) operating on its platform, an increase of 22% compared FQ1 2023..




“While we did achieve quarterly growth year-on-year, the sequential high level revenue growth we have seen over the past four quarters pulled back during this second quarter due to the challenging macroeconomic environment coupled with the toughest advertising quarter of the
year due to seasonality. To counteract that, our various advertising and marketing initiatives resulted in a 22% sequential increase in quarterly active units in Fiscal 2023 Q2 over Q1, as we continue to perform well in the distribution of players and increase our platform footprint,
which we believe will bode well when the market recovers and ad dollars return more robustly,” said Jon Niermann, CEO of Loop Media. “Our ability to scale distribution and continue to convert those dollars into meaningful growth of our Loop Player footprint is a testament to our execution, while we navigate a continued challenging macroeconomic environment in the
industry.”

“In addition, we are being extra diligent to scrutinize costs, reduce spending and create efficiencies where we can to strengthen the bottom line. We’ve already pinpointed significant cost reductions by the end of Q3 that we believe will help achieve this goal while also building our margins. We believe this can happen without jeopardizing future growth while we work our way aggressively towards becoming positive cashflow,” Niermann added.

“We’re now ready and able to deploy our direct sales initiative designed to accelerate Loop’s ad revenue growth directly from marketers and their agencies. This is expected to apply positive pressure to Loop’s inventory, increasing sell-through while growing CPMs. We believe a healthy mix of direct + programmatic ad revenue is coming at the right time given Loop’s size and leadership position in the CTV for Business and DOOH marketplace,” said Bob Gruters, CRO of Loop.



Fiscal Second Quarter 2023 Financial Results


In the fiscal second quarter, revenue increased approximately 11% to $5.4 million compared to $4.9 million in the year-ago period. The increase was primarily driven by significantly more Loop Players deployed into the market and the benefit from Loop’s Partner Platform business launched in May 2022.

Gross profit in the fiscal second quarter of 2023 increased slightly to $1.6 million compared to $1.4 million for the same period in fiscal 2022. Gross margin was 29.4% compared to 28.0% in the prior period. The slight increase was primarily driven by new contracts with reduced average content costs. When compared to the prior quarter, fiscal Q2, gross margin decreased primarily due to lower revenue and recurring content costs.

Total sales, general, and administrative (“SG&A”) expenses (excluding stock-based compensation and depreciation and amortization) in the fiscal second quarter of 2023 were $7.8 million compared to $4.7 million for the same period in fiscal 2022. The increase in SG&A was primarily due to greater marketing, customer acquisition and increased headcount.

Net loss in the fiscal second quarter of 2023 was $9.8 million or $(0.17 per share, compared to a loss of $5.0 million or $(0.11) per share for the same period in fiscal 2022.

Adjusted EBITDA in the fiscal second quarter of 2023 was $(5.6) million compared to $(3.0) million for the same period in fiscal 2022.

On March 31, 2023, cash and cash equivalents were $4.7 million compared to $7.8 million on December 31, 2022. The decrease was primarily driven by marketing spend and non-recurring expenses related to licensed content. As of March 31, 2023, the Company had total debt of $9.1 million compared to $9.2 million at December 31, 2022.




The Company will conduct a conference call today, May 11, 2023, at 5:00 p.m. Eastern Daylight Time to discuss financial and operating results for its quarter ended March 31, 2022.

Loop’s management will host the conference call, followed by a question and answer period.

Date: May 11, 2023

Time: 5:00 p.m. Eastern Standard Time
Live webcast registration link: 


The conference call will also be available for replay on the investor relations section of the Company’s website at 


Loop Media, Inc. (“Loop Media”) (NYSE American: LPTV) is a leading digital out of home (DOOH) TV and digital signage platform optimized for businesses, streaming more than 200 free music video, news, sports and entertainment channels through its Loop TV service. Loop Media is the
leading company in the U.S. licensed to stream music videos to businesses through its proprietary Loop Player.

Loop Media’s digital video content reaches millions of viewers in DOOH locations including bars/restaurants, office buildings, retail businesses, college campuses, airports and on free ad-supported TV platforms like Roku and at local gas stations on GSTV terminals in the United States.

Loop is fueled by one of the largest and most important video libraries that includes music videos, movie trailers and live performances. Loop Media’s non-music channels cover a multitude of genres and moods and include movie trailers, sports highlights, lifestyle and travel videos, viral videos and more. Loop Media’s streaming services generate revenue from advertising, sponsorships, integrated marketing and branded content and from subscriptions.

To learn more about Loop Media products and applications, please visit us online at 


Loop Media uses non-GAAP financial measures, including adjusted EBITDA and quarterly active units or QAUs, as supplemental measures of the performance of the Company’s business. Use of these financial measures has limitations, and you should not consider them in isolation or use them as substitutes for analysis of Loop Media’s financial results under generally accepted accounting principles in the United States of America (“U.S. GAAP”). The tables below provide a reconciliation of adjusted EBITDA to the most nearly comparable measure under U.S. GAAP.

The Company defines an “active unit” as (i) an ad-supported Loop Player (or DOOH location using our ad-supported service through our “Loop for Business” application or using a DOOH venue-owned computer screening our content) that is online, playing content, and has checked into the Loop analytics system at least once in the 90-day period or (ii) a DOOH location customer using our paid subscription service at any time during the 90-day period. The Company uses “QAU” to refer to the number of such active units during such period.



Q1 Revenue up 11% YoY to $5.4 Million; Quarterly Active Units up 22% QoQ

Loop Media Reports Fiscal Second Quarter 2023 Financial Results

Loop Media, Inc. announced today that its CEO & Co-Founder, Jon Niermann, will be participating in the “Future of Streaming” panel at the 18th Annual Needham Technology & Media Conference.

 (“Loop Media” or “Loop”) (NYSE: LPTV), 

a leading multichannel streaming platform that provides curated music video, sports, news and entertainment television channels for businesses, announced today that its CEO & Co-Founder, Jon Niermann, will be participating in the “Future of Streaming” panel at the 18th Annual Needham Technology & Media Conference on May 16-17, 2023 at the InterContinental Times Square Hotel in New York, NY.

The panel will take place on Tuesday, May 16th, 2023 at 11:45am EST.

The 18th Annual Needham Technology & Media Conference will feature public and private company presentations, fireside chats, and thematic panels. This event consists of both in-person days and a virtual day. Meetings will be available for qualified institutional, private equity and venture capital investors throughout the week, based on company availability and investor interest.

For additional information or to schedule a one-on-one meeting with Jon, please contact 5WPR at 

Needham & Company, LLC, a wholly owned subsidiary of The Needham Group, Inc., is a privately held, full-service investment bank that focuses exclusively on growth companies. It provides its clients with the resources to achieve their financing and strategic objectives. The Firm has capital-raising expertise in IPOs, follow-on public equity offerings, confidentially marketed equity offerings; advisory expertise for private placements, mergers and acquisitions; and corporate and venture services (including share repurchases). Needham’s mission is to provide its clients with the long-term advice they need to achieve their business goals. The Firm is committed to exceptional service born of a tradition which stresses integrity above all else. We strive to be front of mind, approachable, and idea driven. In addition to investment banking, Needham & Company’s activities include institutional sales and trading, and asset management. To serve its institutional clients, Needham & Company produces comprehensive equity research on nearly 350 companies in communications and enterprise infrastructure; healthcare; industrial technology; Internet, entertainment and consumer; semiconductors and semiconductor equipment; and software and services; and makes a market in over 525 stocks. The Firm is headquartered in New York City with offices in San Francisco, CA; Boston, MA; Chicago, IL; Miami, FL; and Minneapolis, MN. Needham & Company, LLC is a member of FINRA & SIPC.

Loop Media, Inc. announced today that its CEO & Co-Founder, Jon Niermann, will be participating in the “Future of Streaming” panel at the 18th Annual Needham Technology & Media Conference.


Loop Media to Participate in the 18th Annual Needham Technology & Media Conference

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Loop Media set to join Russell 2000®, Russell 3000® and Russell Microcap Indexes

May 23, 2023

Loop Media Reports Fiscal Second Quarter 2023 Financial Results

May 11, 2023

Loop Media to Participate in the 18th Annual Needham Technology & Media Conference

May 9, 2023