Private company

Loop Media, Inc.

Loop Media, Inc. is an American help supply services company, incorporated in Nevada.1 It is headquartered in Burbank, California.1

Last updated Oct 20, 2026.

Overview

$22.3MRevenue, fiscal 20242
-$24.5MNet income, fiscal 20242
  • IndustryServices-Help Supply Services1
  • HeadquartersBurbank, California1
  • Incorporated inNV3
  • Business address2600 West Olive Avenue, Suite 5470, Burbank, Ca 915053
  • Filer categoryNon-accelerated filer, Smaller reporting company3

Condition and Results of Operations — Key Performance Indicators” for a description of QAUs.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

26.9%Gross margin2
-93.3%Operating margin2
-110.1%Net margin2
-29.7%Revenue growth, 20242
-$7.5MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue44¢$16.3M
  • Selling, general and admin56¢$20.6M
  • Income tax0¢$26.1K

Out of $22.3M in revenue.2 The company lost money this year.

Financial statements

Revenue6789102$22.3M in 2024+48920% since 2017
0$10.0M$20.0M$30.0M$40.0M2017: $45.4K$45.4K20172018: $86.7K$86.7K2018+91%2019: $3.4M$3.4M2019+3799%2020: $2.8M$2.8M2020−17%2021: $5.1M$5.1M2021+81%2022: $30.8M$30.8M2022+508%2023: $31.6M$31.6M2023+3%2024: $22.3M$22.3M2024−30%
Gross profit89102$6.0M in 2024+142% since 2019
0$5.0M$10.0M$15.0M2019: $2.5M$2.5M20192020: $1.7M$1.7M2020−32%2021: $904.1K$904.1K2021−46%2022: $11.4M$11.4M2022+1159%2023: $10.7M$10.7M2023−6%2024: $6.0M$6.0M2024−44%
Operating income6789102-$20.8M in 2024+71258% since 2017
-$40.0M-$30.0M-$20.0M-$10.0M02017: -$29.1K-$29.1K20172018: -$60.4K-$60.4K2018+107%2019: -$10.0M-$10.0M2019+16461%2020: -$10.4M-$10.4M2020+4%2021: -$30.6M-$30.6M2021+194%2022: -$24.8M-$24.8M2022−19%2023: -$28.8M-$28.8M2023+16%2024: -$20.8M-$20.8M2024−28%
Net income6789102-$24.5M in 2024+49748% since 2017
-$40.0M-$30.0M-$20.0M-$10.0M02017: -$49.1K-$49.1K20172018: -$113.2K-$113.2K2018+130%2019: -$11.5M-$11.5M2019+10071%2020: -$15.4M-$15.4M2020+34%2021: -$31.0M-$31.0M2021+101%2022: -$29.5M-$29.5M2022−5%2023: -$32.0M-$32.0M2023+8%2024: -$24.5M-$24.5M2024−23%
Fiscal year20172018201920202021202220232024
Revenue$45.4K6$86.7K7$3.4M8$2.8M8$5.1M9$30.8M10$31.6M2$22.3M2
Cost of revenue$5.8K6$913.8K8$1.1M8$4.2M9$19.5M10$21.0M2$16.3M2
Gross profit$2.5M8$1.7M8$904.1K9$11.4M10$10.7M2$6.0M2
Selling, general and admin$6.1M8$9.7M8$20.3M9$24.5M10$29.4M2$20.6M2
Operating expenses$36.1M10$39.4M2$26.7M2
Operating income-$29.1K6-$60.4K7-$10.0M8-$10.4M8-$30.6M9-$24.8M10-$28.8M2-$20.8M2
Interest$22.6K7$964.1K8$1.1M8$1.7M9$3.6M10$3.8M10
Income before tax-$29.5M10-$31.9M2-$24.5M2
Income tax$07$1.6K8$98.2K8-$614.9K9-$67610$18.5K2$26.1K2
Net income-$49.1K6-$113.2K7-$11.5M8-$15.4M8-$31.0M9-$29.5M10-$32.0M2-$24.5M2
Earnings per share$0.006$0.007$0.007-$0.769-$0.6110-$0.562-$0.332
Earnings per share (diluted)$0.006$0.007$0.007-$0.769-$0.6110-$0.562-$0.332
Shares (weighted, basic)48.2M shares1057.5M shares274.5M shares2
Shares (weighted, diluted)48.2M shares1057.5M shares274.5M shares2

Compare Loop Media, Inc. with another company

Corporate structure

Loop Media, Inc. sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Loop Media, Inc.

  • Dreamcatcher LLC Filed SCHEDULE 13G/A on Loop Media, Inc., latest Feb 14, 2025 (3 filings since Feb 14, 2023)
  • Running Wind LLC Filed SCHEDULE 13G/A on Loop Media, Inc., latest Feb 14, 2025 (3 filings since Feb 14, 2023)
  • Bruce A. Cassidy Sr. Filed SC 13D/A on Loop Media, Inc., latest Jun 14, 2024 (9 filings since Nov 30, 2021)
  • Jon M. Niermann Filed SC 13D/A on Loop Media, Inc., latest Oct 6, 2023 (3 filings since Nov 30, 2021)
  • Bruce A. Cassidy 2013 Irrevocable Trust Filed SC 13G on Loop Media, Inc., latest Sep 22, 2023
  • Loop Media, Inc. Burbank, California
    • EON Media Group Pte. Ltd. Subsidiary · Singapore
    • Retail Media TV, Inc. Subsidiary · Nevada, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Loop Media, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$3.1M2 Sep 30, 2024$4.2M2 Sep 30, 2023−25.9%
Accumulated depreciation$1.4M2 Sep 30, 2024$1.5M2 Sep 30, 2023−3.1%
Property and equipment, net$1.7M2 Sep 30, 2024$2.7M2 Sep 30, 2023−38.4%
Operating-lease assets (leased space)$173.4K2 Sep 30, 2024$76.7K10 Sep 30, 2022+126.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$365.4K2 Sep 30, 2024$477.9K2 Sep 30, 2023−23.5%
Finite-lived intangibles, gross$1.2M2 Sep 30, 2024$1.2M2 Sep 30, 20230%
Accumulated amortization-$844.6K2 Sep 30, 2024-$732.1K2 Sep 30, 2023−15.4%

Properties, in its own words

We maintain a virtual principal executive office located at 2600 West Olive Avenue, Suite 5470, Burbank, CA 91505. Our telephone number is (213) 436-2100. We rent a small office space at this location for the purposes of receiving and forwarding our mail. We are on a month-to-month lease for this location.

We currently lease an office and storage unit comprised of approximately 3,182 square feet located at 568 1st Avenue South, Suite 550, Seattle, WA 98104. The term of this lease is three (3) years, from February 1, 2024, to January 31, 2027.

The rest of Item 2

We believe that our leased facilities are adequate to meet our needs at this time. We do not currently own any real property.

Item 2 of the 10-K filed Dec 12, 2024.5

Leadership

Who has led Loop Media, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (10)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • EON Media Group Pte. Ltd. Singapore4
  • Retail Media TV, Inc. Nevada4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Interlink Plus, Inc.Jul 31, 2015 to Jun 11, 20203

Timeline

  1. Oct 20, 20258-K Bankruptcy or receivership; Debt or obligation accelerated; Other events30
  2. Sep 17, 20258-K Debt or obligation accelerated; Other events31
  3. Aug 12, 20258-K Debt or obligation accelerated32
  4. Jul 25, 20258-K Debt or obligation accelerated33
  5. Jul 21, 20258-K Debt or obligation accelerated34
  6. Jul 14, 20258-K Debt or obligation accelerated35
  7. Jul 1, 20258-K Debt or obligation accelerated36
  8. Mar 31, 20258-K Entered a material agreement; New debt or obligation37
  9. Feb 26, 20258-K Entered a material agreement; Unregistered sale of shares38
  10. Jan 3, 20258-K Entered a material agreement; New debt or obligation39
  11. Dec 30, 20248-K Change of auditor40
  12. Dec 23, 20248-K Entered a material agreement; New debt or obligation41
  13. Mar 19, 2024New chief executive Justis Kao becomes CEO14
  14. Oct 15, 2021New chief executive Jon M. Niermann becomes CEO15
  15. Nov 22, 2019New chief executive Roger Allen Tichenor Jr. becomes CEO16
  16. Mar 29, 2016New chief executive Duan Fu becomes CEO17

Calendar

When it reported results

  1. Dec 10, 2024Reported quarterly or annual results42
  2. Aug 7, 2024Reported quarterly or annual results43
  3. May 3, 2024Reported quarterly or annual results44
  4. Mar 19, 2024Reported quarterly or annual results45
  5. Feb 6, 2024Reported quarterly or annual results46
  6. Dec 12, 2023Reported quarterly or annual results47
  7. Aug 8, 2023Reported quarterly or annual results48
  8. Jun 2, 2023Reported quarterly or annual results49

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

210 filings to the SEC since October 2021: 5 annual reports, 12 quarterly reports, 64 major events, 75 insider forms, 19 large holders, 35 other. The latest 20:

  1. Oct 20, 20258-K EDGAR
  2. Sep 18, 202515-12G EDGAR
  3. Sep 17, 20258-K EDGAR
  4. Aug 14, 202510-Q EDGAR
  5. Aug 12, 20258-K EDGAR
  6. Jul 25, 20258-K EDGAR
  7. Jul 21, 20258-K EDGAR
  8. Jul 14, 20258-K EDGAR
  9. Jul 1, 20258-K EDGAR
  10. May 15, 202510-Q EDGAR
  11. Mar 31, 20258-K EDGAR
  12. Mar 17, 20254 EDGAR
  13. Mar 17, 20254 EDGAR
  14. Mar 17, 20254 EDGAR
  15. Feb 26, 20258-K EDGAR
  16. Feb 14, 2025SCHEDULE 13G/A EDGAR
  17. Feb 14, 2025SCHEDULE 13G/A EDGAR
  18. Feb 4, 202510-Q EDGAR
  19. Jan 3, 20258-K EDGAR
  20. Dec 30, 20248-K EDGAR

The 210 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

9 open-market trades by officers, directors and large owners since October 2021: 5 buys and 4 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 26, 2022Cassidy Bruce A. Sr.DirectorBuy460,000$5.00$2.3MForm 4
Sep 26, 2022Cassidy Bruce A. Sr.DirectorBuy460,000$5.00$2.3MForm 4
May 13, 2022Penz Denise M.DirectorSale100,000$1.50$150.0KForm 4
Apr 12, 2022Penz Denise M.DirectorBuy500,000$1.50$750.0KForm 4
Apr 12, 2022Penz Denise M.DirectorBuy500,000$1.50$750.0KForm 4
Apr 12, 2022Cassidy Bruce A. Sr.DirectorSale2,200,000$1.50$3.3MForm 4
Apr 11, 2022Bruce A. Cassidy 2013 Irrevocable Trust10% ownerSale10,000,000$1.50$15.0MForm 4
Apr 11, 2022Cassidy Bruce A. Sr.DirectorBuy10,000,000$1.50$15.0MForm 4
Apr 11, 2022Cassidy Bruce A. Sr.DirectorSale10,000,000$1.50$15.0MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Loop Media, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLoop Media, Inc.1
  • CIK0001643988
  • Employer ID (EIN)47-39758725
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company5
  • Incorporated inNevada5
  • Fiscal year endsSeptember 301
  • Industry code (SIC)7363 Services-Help Supply Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address2600 West Olive Avenue, Suite 5470, Burbank, CA 915051
  • Phone(213) 436-21001
  • Shares outstanding147,691,416 as of Aug 13, 202512
  • Public float$16.9M as of Mar 31, 20245
  • AuditorMarcum LLP, Costa Mesa, California PCAOB ID 688; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceJul 31, 20151
  • Filings299 in all: 8-K (89), 4 (54), 10-Q (31), 3 (22), SC 13D/A (10), 10-K (8), UPLOAD (8), 4/A (7)1
    All 40 form types

    CORRESP (7), NT 10-Q (6), EFFECT (5), S-1/A (5), NT 10-K (4), 10-Q/A (3), 424B5 (3), SC 13G (3), 424B4 (2), 5 (2), DEF 14A (2), POS AM (2), PRE 14A (2), S-1 (2), S-8 (2), SC 13D (2), SC 13G/A (2), SCHEDULE 13G/A (2), 10-KT (1), 10-KT/A (1), 15-12G (1), 25-NSE (1), 8-A12B (1), 8-A12G (1), 8-K/A (1), ARS (1), CERT (1), D (1), DEF 14C (1), DEFA14A (1), PRER14A (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Dec 12, 2024
    Quarterly report (10-Q) Aug 14, 2025
    Proxy statement (DEF 14A) Aug 22, 2024
    Latest 8-K (8-K) Oct 20, 2025

Risk factors and legal proceedings

The risks Loop Media, Inc. names in Item 1A of its 10-K filed Dec 12, 2024: 51 risks under these headings, as written.5

  • Risks Related to Our Financial Condition
  • Risks Related to Our Business
  • Risks Related to Our Intellectual Property
  • Risks Related to Owning Our Common Stock
  • There is substantial doubt about our ability to continue as a going concern and if we are unable to generate significant revenue or secure additional financing, we may have to significantly reduce or discontinue our operations.
  • We have a limited operating history on which you can evaluate our business and prospects.
  • We have incurred significant operating losses in the past, and we may not be able to generate sufficient revenue to be profitable, or to generate positive cash flow on a sustained basis. In addition, our revenue growth rate has declined.
  • We derive a significant portion of our revenues from advertisements. If we are unable to continue to compete for these advertisements, or if any events occur that negatively impact our relationships with advertising networks, our advertising revenues and operating results would be negatively impacted.
  • If we are unable to generate significant revenue or secure additional financing, we may be unable to implement our business plan and grow our business.
  • We will require additional capital to support our business and objectives, and this capital might not be available on acceptable terms, if at all.
  • We have entered into debt arrangements, including non-revolving and revolving lines of credit secured by all of our assets, convertible debt and other debt instruments; as of December 11, 2024, we owed an aggregate of $11.0 million in principal and accrued interest on our debt arrangements. This indebtedness could adversely affect our financial position and our ability to raise additional capital and prevent us from fulfilling our obligations.
  • If we fail to implement and maintain effective internal control over financial reporting, our ability to accurately and timely report our financial results could be adversely affected.
The other 43 risks
  • If our efforts to attract prospective clients and advertisers and to retain existing clients and users of our services are not successful, our growth prospects and revenue will be adversely affected.
  • We must operate our business in compliance with the licenses that are required to provide our services.
  • We face and will continue to face competition for ad-supported users, premium service subscribers and user listening time.
  • We depend upon third-party licenses for the majority of the content we stream and an adverse change to, loss of, or claim that we do not hold necessary licenses may materially adversely affect our business, operating results, and financial condition.
  • We have no control over third-party providers of our content. The concentration of control of content by our major providers means that even one entity, or a small number of entities working together, may unilaterally affect our access to music video and other content.
  • We are a party to many license agreements that are complex and impose numerous obligations upon us that may make it difficult to operate our business and provide all the functionality we would like for our services, and a breach of such agreements could adversely affect our business, operating results, and financial condition.
  • We have historically been dependent on key distributors. The loss of any such key distributor or any delay or interruption in the distribution of our products or services could adversely impact our revenue and operations.
  • Our royalty payment scheme is complex, and it is difficult to estimate the amount payable under our license agreements. We may underpay or overpay royalty amounts payable to others, which may harm our business.
  • Minimum guarantees and advances required under certain of our license agreements may limit our operating flexibility and may adversely affect our business, operating results, and financial condition.
  • Difficulties in obtaining accurate and comprehensive information necessary to identify the compositions embodied in music video sound recordings on our services and the ownership thereof may impact our ability to perform our obligations under our licenses, affect the size of our catalogue that can be offered to clients and end-users, impact our ability to control content acquisition costs, and lead to potential copyright infringement claims.
  • We face many risks associated with our international expansion, including difficulties obtaining rights to stream content on favorable terms.
  • Our business emphasizes rapid innovation and prioritizes long-term customer and user engagement over short-term financial condition or results of operations. That strategy may yield results that sometimes do not align with the market’s expectations. If that happens, our stock price may be negatively affected.
  • If we fail to accurately predict, recommend, curate and play content that our clients and users enjoy, we may fail to retain existing clients and users and attract new clients and users in sufficient numbers to meet investor expectations for growth or to operate our business profitably.
  • Expansion of our operations to deliver more non-music video content subjects us to increased business, legal, financial, reputational, and competitive risks.
  • If our security systems are breached, we may face civil liability and/or statutory fines, and/or enforcement action causing us to change our practices, and public perception of our security measures could be diminished, either of which would negatively affect our ability to attract and retain OOH clients, premium service subscribers, ad-supported users, advertisers, content providers, and other business partners.
  • Changes in how network operators handle and charge for access to data that travel across their networks could adversely impact our business.
  • Our services and software may contain undetected software bugs or vulnerabilities, which could manifest in ways that could seriously harm our reputation and our business.
  • Interruptions, delays, or discontinuations in service arising from our own systems or from third parties could impair the delivery of our services and harm our business.
  • User metrics and other estimates could be subject to inherent challenges in measurement, and real or perceived inaccuracies in those metrics may seriously harm and negatively affect our reputation and our business.
  • We face risks, such as unforeseen costs, and potential liabilities in connection with content we license and/or distribute through our services.
  • Various regulations, as well as self-regulation related to privacy and data security concerns, pose the threat of lawsuits, regulatory fines and other liability, require us to expend significant resources, and may harm our business, operating results, and financial condition.
  • Failure to manage our relationship with the manufacturer of our Loop Players, the disruption of the supply chain for Loop Players or our failure to timely order new Loop Players could harm our business, operating results, and financial condition.
  • We rely on advertising revenue to monetize our services, and any failure to convince advertisers or advertising demand partners of the benefits of advertising on our services in the future could harm our business, operating results, and financial condition.
  • The market for programmatic advertising in the digital out-of-home market is evolving. If this market develops slower or differently than we expect, our business, operating results and financial condition could be adversely affected.
  • Our business is sensitive to a decline in advertising expenditures, general economic conditions and other external events beyond our control.
  • If we are unable to attract, retain, and motivate qualified personnel, our ability to develop and successfully grow our business could be harmed.
  • We may acquire or invest in companies or technologies that could divert management’s attention and otherwise disrupt our operations and harm our operating results. We may fail to acquire or invest in companies whose market power or technology could be important to the future success of our business.
  • Our operating results may fluctuate, which makes our results difficult to predict.
  • Assertions by third parties of infringement or other violations by us of their intellectual property rights could harm our business, operating results, and financial condition.
  • Failure to protect our intellectual property could substantially harm our business, operating results, and financial condition.
  • Our common stock was delisted from trading on the NYSE American and is currently trading under its trading symbol “LPTV” on the OTC Pink tier of the OTC Markets Group, which involves additional risks compared to being listed on a national securities exchange. Our ability to sell equity securities and the liquidity of our common stock will be adversely affected if we are unable to transfer our listing to another national securities exchange or, at minimum, a medium that offers greater liquidity than the OTC Market.
  • Trading on the OTC Markets is volatile and sporadic, which could depress the market price of our common stock and make it difficult for our security holders to resell their common stock.
  • There has historically been a limited public market for our securities.
  • If we fail to comply with the continuing listing standards of the OTC Markets system, our common stock could be delisted, which could affect the market price of our common stock and reduce our ability to raise capital.
  • The trading price of our common stock has been and will likely continue to be volatile, particularly since the NYSE American Delisting.
  • Our common stock will likely be subject to price fluctuations which have often been significant for early-stage companies like us, which may adversely impact our ability to seek equity financing.
  • Because of their significant ownership of our common stock, our founders and other large investors have substantial control over our business, and their interests may differ from our interests or those of our other stockholders.
  • Sales of substantial amounts of our common stock in the public markets by our co-founders or other stockholders, or the perception that such sales might occur, could reduce the price that our common stock might otherwise attain.
  • If securities or industry analysts publish inaccurate or unfavorable research about our business or cease publishing research about our business, our share price and trading volume could decline.
  • The requirements of being a public company may strain our resources and divert management’s attention.
  • You may experience future dilution as a result of future equity offerings.
  • We do not expect to declare any dividends in the foreseeable future.
  • The exercise of warrants and issuance of incentive stock grants may have a dilutive effect on our stock, and negatively impact the price of our common stock.

Legal proceedings

On October 29, 2024, we, along with our wholly-owned subsidiary, Retail Media TV, Inc., received a notice and reservation of rights letter (the “Reservation of Rights Notice”) from GemCap Solutions, LLC (“GemCap” or the “Senior Lender”) under its revolving line of credit facility (the “GemCap Revolving Line of Credit Agreement”) informing the Company that events of default had occurred and were continuing under the GemCap Revolving Line of Credit Agreement as a result our incurrence of indebtedness under the Bellino Trust Convertible Note, which, was not expressly subordinated to the Company’s indebtedness to the Senior Lender pursuant to a subordination agreement in form and substance satisfactory to the Senior Lender.

On November 5, 2024, we received an acceleration notice (the “Acceleration Notice”) from GemCap demanding payment of the full amount outstanding on the Revolving Loan Facility by 5:00 p.m. Central time on November 8, 2024 (the “Demand”). On November 7, 2024, the Senior Lender orally agreed to suspend the Demand deadline to allow us to enter into negotiations with it for a forbearance of the Demand for a period of time to work toward a mutually agreeable resolution. On November 13, 2024, GemCap rescinded its offer to negotiate a forbearance of the Demand and delivered to the Company the Lender a Notice of Secured Party Public Sale Pursuant to Section 9-610 of the Uniform Commercial Code (“UCC” and such notice, the “Public Sale Notice”) purporting to set a sale, under the UCC, of our personal property in order to foreclose the security interest it held in and to our assets. Concurrently with the delivery of the Public Sale Notice, GemCap issued a press release announcing the same.

The opening of Item 3, Legal Proceedings.5

Sources

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