Troika

Troika Media Group Inc. Reports Revenue of $54.2 million and $172.0 million, for the Three and Nine Months Ended September 30, 2023

Retrieved on: 
Thursday, December 21, 2023
Marketing, Troika, Travel, Mission, Bankruptcy, Private law, Acquisition, Committee, Insurance, Bankruptcy Code, United States bankruptcy court, Music

Revenues for the nine months ended September 30, 2023, were approximately $172.0 million, a decrease of approximately $48.9 million as compared to the prior year period.

Key Points: 
  • Revenues for the nine months ended September 30, 2023, were approximately $172.0 million, a decrease of approximately $48.9 million as compared to the prior year period.
  • Adjusted EBITDA of approximately $5.8 million for the nine months ended September 30, 2023, decreased by approximately $9.9 million from approximately $15.7 million, in the prior year period.
  • The decrease of approximately $9.9 million is primarily attributable to a decrease in gross profit of approximately $16.8 million.
  • The Company's operating loss and net loss declined by approximately $44.3 million and $44.5 million, respectively, in the current period.

Korea Zinc Holds its First Investor Day, Announcing a Revenue Target of KRW 25.3 trillion for 2033

Retrieved on: 
Thursday, December 7, 2023
Technology, Manufacturing, Public Relations, Investor Relations, Mining, Minerals, Communications, Semiconductor, Natural Resources, Other Manufacturing, Steel, Machine Tools, Metalworking & Metallurgy, Chemicals, Plastics, Carbon, Perception, Safety management system, Safety, Mineral, Hydrogen, Conrad Hotels, Recycling, Copper, Multimedia, Troika, Zinc, Q&A, Health, KRW, Troika (driving), Share repurchase, TC, Lead, Nickel, Person, Growth, Electricity, Environment, ESG, Cryptocurrency, Renewable energy

Korea Zinc unveiled a ‘quantum jump’ strategy of increasing its revenue 2.5-fold to KRW 25.3 trillion by 2033.

Key Points: 
  • Korea Zinc unveiled a ‘quantum jump’ strategy of increasing its revenue 2.5-fold to KRW 25.3 trillion by 2033.
  • To this end, the company will bring sales from the Troika Drive businesses to KRW 12.2 trillion by 2033, contributing almost half of the total revenue of 2033.
  • By doing so, Korea Zinc aims to achieve its revenue target of KRW 25.3 trillion in 2033 and continue its journey to carbon neutrality in 2050.
  • With these measures in place, Korea Zinc targets to expand smelting revenue to KRW 13 trillion by 2033.

Troika Media Group Inc. Announces Strategic Chapter 11 Filing and Sale to Blue Torch

Retrieved on: 
Thursday, December 7, 2023
Sale, United States bankruptcy court, Acquisition, Interim, LLP, International, King & Spalding, Troika, Willkie Farr & Gallagher, Stalking, Jefferies Group, Converge, TowerBrook Capital Partners, Bankruptcy, Financial adviser

The Company is seeking approval of the proposed stalking horse credit bid pursuant to section 363 of the United States Bankruptcy Code.

Key Points: 
  • The Company is seeking approval of the proposed stalking horse credit bid pursuant to section 363 of the United States Bankruptcy Code.
  • The Company's secured lenders are supportive of the transaction and have committed to provide $11 million of debtor-in-possession financing.
  • Additional information regarding the Company's chapter 11 process is available at https://cases.ra.kroll.com/troika .
  • King & Spalding LLP and Ankura Consulting Group, LLC are serving as legal counsel and financial advisor, respectively, to Blue Torch as collateral agent and administrative agent and to its affiliated secured lenders.

Troika Media Group Inc. Reports Revenue of $58.7 million and $117.7 million, for the Three and Six Months Ended June 30, 2023

Retrieved on: 
Friday, October 20, 2023
Average cost, Insurance, Mission, Jefferies Group, EBITDA, Acquisition, Committee, Time management, Information technology, Travel, Jefferies, Private law, Troika, Music, Bank, Pharmaceutical industry

Revenues for the six months ended June 30, 2023, were approximately $117.7 million, an increase of approximately $16.7 million as compared to the prior year period.

Key Points: 
  • Revenues for the six months ended June 30, 2023, were approximately $117.7 million, an increase of approximately $16.7 million as compared to the prior year period.
  • For the three months ended June 30, 2023, gross profit was $5.7 million, a decrease of $11.7 million as compared to the prior year period.
  • For the six months ended June 30, 2023, gross profit decreased $6.9 million to $14.5 million as compared to the prior year period.
  • Adjusted EBITDA of $1.4 million for the six months ended June 30, 2023, decreased by $4.9 million from $6.3 million in the prior year period.

Troika Media Group Inc. Declares 1-for-25 Ratio for Previously Announced Reverse Stock Split

Retrieved on: 
Wednesday, May 31, 2023
Transfer, Exercise, TMG, RSU, Acquisition, Management, CUSIP, Troika, Security (finance)

NEW YORK, May 31, 2023 /PRNewswire/ -- Troika Media Group, Inc. (Nasdaq: TRKA) ("TMG" or the "Company"), a consumer engagement and customer acquisition solutions group, today announced that it will effect a 1-for-25 reverse stock split of its outstanding common stock.

Key Points: 
  • NEW YORK, May 31, 2023 /PRNewswire/ -- Troika Media Group, Inc. (Nasdaq: TRKA) ("TMG" or the "Company"), a consumer engagement and customer acquisition solutions group, today announced that it will effect a 1-for-25 reverse stock split of its outstanding common stock.
  • As a result of the reverse stock split, every 25 pre-split shares of common stock outstanding will become one share of common stock.
  • The reverse stock split will also proportionately reduce the number of shares of authorized common stock from 800,000,000 to 32,000,000.
  • The reverse split will also apply to common stock issuable upon the exercise of TMG's outstanding warrants, convertible securities, RSUs and stock options.

Troika Media Group Inc. Reports Record Revenue of $187.9 million, Adjusted EBITDA of $5.0 million for the Six Months Ended December 31, 2022

Retrieved on: 
Tuesday, March 7, 2023
Classification, Adjustment, Travel, Growth, Troika, CFO, Series, TMG, Converge, Acquisition, Video game, Pharmaceutical industry, Bank

Revenues for the six months ended December 31, 2022, increased $172.6 million, or 1125%, to $187.9 million as compared with the prior year period.

Key Points: 
  • Revenues for the six months ended December 31, 2022, increased $172.6 million, or 1125%, to $187.9 million as compared with the prior year period.
  • The incremental revenue to the business was comprised of performance solutions revenue of $75.7 million, or 40%, and managed services revenue of $104.6 million or 56%.
  • The revenue contributed by these new revenue streams totaled approximately $270.6 million since its acquisition in March 2022, a period of 285 days.
  • TMG's Adjusted EBITDA for the six months ended December 31, 2022, increased $9.5 million to approximately $5.0 million as compared to the prior year period.

Troika Media Group Inc. Reports Record Revenue of $120 million and Adjusted EBITDA of $10.1 million for its Quarter Ended September 30, 2022; Adds Additional Depth to Board of Directors

Retrieved on: 
Monday, November 14, 2022
SG, Growth, GAAP, Esports, Technology, EBITDA, U.S. Securities and Exchange Commission, Security (finance), Acquisition, Sport, Income, Result, Vii, Troika, Risk, Depreciation, Analysis, TMG, Company, Annual report, CFO, Private Securities Litigation Reform Act, COVID-19, Conversation, Education, Entertainment, Form 10-Q, Converge, Adjustment, Final good, Series, Financial condition report, Solution, Video game, Insurance, Bookkeeping

Revenues for the three months ended September 30, 2022, totaled approximately $119.8million an increase of approximately $111.5 million as compared with the prior period.

Key Points: 
  • Revenues for the three months ended September 30, 2022, totaled approximately $119.8million an increase of approximately $111.5 million as compared with the prior period.
  • This incremental revenue to the business is comprised of performance solutions revenue of approximately $63.4 million, or 57%, and managed services revenue of approximately $47.5 million, or 43%.
  • The revenue contributed by these revenue streams total approximately $201.5 million since its acquisition in March 2022, a period of 182 days.
  • Net income for the three months ended September 30, 2022 increased approximately $3.4 million to approximately $1.3 million, as compared with the prior year quarter.

Troika Media Group Inc. Accelerates its Business Transformation and Reports Record Revenue of $85.4 million and Adjusted EBITDA of $5.6 million in its Fourth Quarter and Fiscal Year 2022 Results

Retrieved on: 
Thursday, September 29, 2022
Hulu, HBO, ESPN, Netflix, Belvedere Vodka, Risk, IMAX, AT, COVID-19, Coca-Cola, GAAP, UFC, Sony, Conversation, Converge, Series, EBITDA, Company, AT&T, Acquisition, TMG, Growth, Final good, Private Securities Litigation Reform Act, Riot Games, Esports, U.S. Securities and Exchange Commission, Apple, Analysis, Peloton, Technology, Depreciation, Financial condition report, Yahoo!, Adjustment, Solution, Annual report, Result, CNN, Entertainment, Security (finance), Troika, Education, Managed services, Sport, Vii, Video game, Insurance, Bookkeeping, Unilever, Wynn Resorts

Revenues for the year ended June 30, 2022, increased by approximately $100.2 million as compared with the prior year period, resulting in a total of approximately $116.4 million.

Key Points: 
  • Revenues for the year ended June 30, 2022, increased by approximately $100.2 million as compared with the prior year period, resulting in a total of approximately $116.4 million.
  • TMG saw an increase in demand for its customer acquisition and performance solutions which led to an increase in revenue of $16 million, or 26%, for this revenue stream on a quarter over quarter basis.
  • We believe Adjusted EBITDA is an appropriate measure for evaluating the operating performance of our business and the Company on a consolidated basis.
  • Adjusted EBITDA and similar measures with similar titles are common performance measures used by investors and analysts to analyze our performance.

Troika Media Group Announces Appointment of Erica Naidrich as Chief Financial Officer

Retrieved on: 
Wednesday, May 25, 2022
Sport, Entertainment, Company, COO, Madison Square Garden Entertainment, TMG, Nasdaq, Goal, Incident management team, COVID-19, Accounting, Culture, Virginia University, Final good, Intention, Forward-looking statement, RSM, Terminology, University, Technology, Human, Senior management, Acquisition, Communication studies, Intelligence, Brazilian–Argentine Agency for Accounting and Control of Nuclear Materials, SEC, MSG, CFO, Growth, GLOBE, Esports, West Virginia University, PricewaterhouseCoopers, Education, Controller, Certified Public Accountant, Management, Troika

Ms. Naidrich brings financial and business experience to Troika, within public companies in corporate finance, operational management systems and financial reporting.

Key Points: 
  • Ms. Naidrich brings financial and business experience to Troika, within public companies in corporate finance, operational management systems and financial reporting.
  • Ms. Naidrich joins the Troika Executive Team to oversee the Companys global finance and enterprise functions and will be reporting to Sid Toama, Chief Executive Officer and President of Troika.
  • Christopher Broderick, previously CFO and Chief Operating Officer (COO), will remain as COO of Troika Media Group.
  • Prior to joining Troika Media Group, Ms. Naidrich served as Vice President of Accounting and Controller for Madison Square Garden Entertainment Corp (MSG), a leader in live sports, entertainment and programming.

Troika Media Group and Southland Conference Announce 2022 Rebrand

Retrieved on: 
Monday, April 11, 2022
Human, Basketball, Apple, SEC, Peloton, Championship, Technology, Intention, Yahoo!, Goal, NCAA, Nasdaq, GLOBE, Solution, Sony, Gulf Coast of the United States, University, History, Pac-12 Network, Marketing, IMAX, ESPN College Football, Yahoo Sports, Bill Byrne (athletic director), FCS, Conference, WatchESPN, Sport, Netflix, CNN, Terminology, Belvedere Vodka, Forward-looking statement, Data science, Board, SEC Network, Board of directors, ACC Network, Pac-12 Conference, Team, HBO, Big Ten Network, NIL, TMG, NCAA Division I, Partnership, Company, CBS Sports, ESPN, Riot Games, Troika, Hulu, Tiffany & Co., CA, Coca-Cola, UFC, COVID-19, ESPN College Basketball, Video game, Southland Conference, Unilever, Wynn Resorts

LOS ANGELES, CA, April 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire Troika Media Group, Inc. (Nasdaq:TRKA) ("TMG" or "Company"), abrand consultancy and marketing innovations company that provides integratedbranding and marketingsolutions for global brands,today announced it will collaborate with the Southland Conference, to rebrand the conference, unify the brand across all platforms and better position the conference for the future of college athletics.

Key Points: 
  • LOS ANGELES, CA, April 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire Troika Media Group, Inc. (Nasdaq:TRKA) ("TMG" or "Company"), abrand consultancy and marketing innovations company that provides integratedbranding and marketingsolutions for global brands,today announced it will collaborate with the Southland Conference, to rebrand the conference, unify the brand across all platforms and better position the conference for the future of college athletics.
  • Established in 1963, the Southland Conference is an NCAA Division I league with eight member institutions currently located in Texas and Louisiana.
  • Troika will work closely with newly appointed Southland Conference Commissioner Chris Grant, a trailblazer whose broad experience as a college athletics executive runs the spectrum from on-campus to mid-major and most recently a senior leader at the Pac-12 Conference.
  • Troika Media Group is an end-to-end brand solutions company that creates both near-term and long-term value for global brands in entertainment, sports and consumer products.