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Boat Rocker Media ( (TSE:BRMI) ) has shared an announcement.
Boat Rocker Media reported a challenging financial performance for the fourth quarter and full year of 2024, with a significant decline in adjusted EBITDA and a substantial net loss. The company faced macroeconomic headwinds, affecting its scripted production segment, leading to non-cash impairment charges. Despite these challenges, Boat Rocker is investing in distribution and rights management to drive future growth. The company announced a proposed reverse takeover by Blue Ant Media Inc. and a management buyout, which is expected to enhance long-term stability and growth prospects.
More about Boat Rocker Media
Boat Rocker Media Inc. is an independent, integrated global entertainment company. It operates in the entertainment industry, focusing on the production and distribution of television content and other media assets.
YTD Price Performance: 27.59%
Average Trading Volume: 57,790
Technical Sentiment Signal: Buy
Current Market Cap: C$39.21M
Learn more about BRMI stock on TipRanks’ Stock Analysis page.