Boat Rocker Media (TSE:BRMI) has released an update.
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Boat Rocker Media reported a challenging third quarter of 2024, with significant decreases in revenue and adjusted EBITDA compared to the previous year. Despite a net loss of $18 million, the company remains debt-free with total cash of $73.2 million and is optimistic about future industry recovery due to its strong balance sheet and strategic focus on content investments.
For further insights into TSE:BRMI stock, check out TipRanks’ Stock Analysis page.