Network Media ( (TSE:NTE) ) just unveiled an announcement.
Network Media Group reported its 2024 year-end results, showing a significant increase in revenue to $11.2 million but also a net loss of $1.9 million. Despite industry challenges, the company made notable progress by expanding its IP library and delivering high-profile projects like the BRATS documentary and several I Am films. The company plans to focus on scaling its production pipeline to drive future growth and profitability, with a backlog of $11.6 million in contracted future revenues.
More about Network Media
Network Media Group is the parent company of Network Entertainment Inc., a boutique film, television, and digital content production company. They create, finance, and produce award-winning programming for television, digital platforms, and movie audiences globally. The company’s premium brand delivers world-class casts and visually cinematic, richly crafted storytelling, consistently embraced by audiences and critics, garnering awards and media coverage.
YTD Price Performance: -8.75%
Average Trading Volume: 33,923
Technical Sentiment Signal: Buy
Current Market Cap: C$1.3M
For a thorough assessment of NTE stock, go to TipRanks’ Stock Analysis page.