Troika Media slumps after Q4 results

Troika Media

29/09/2022 18:46

** Marketing service company Trokia Media Group's shares
 TRKA.O  slide 9.5% to 34 cents in afternoon trade after
volatile premarket trading 
    ** Co's net loss widened to $18 mln in the fourth quarter
ended June, from $6.7 mln a year ago
    ** Co reports adjusted EBITDA of $5.6 mln; says results are
"representative of the first full quarter of operations since
the acquisition of Converge earlier this year"  urn:newsml:reuters.com:*:nPn2BGP7Fa
    ** Posts Q4 revenue of $85.3 mln versus $3.7 mln a year ago
    ** The lone brokerage covering the stock rates it at "buy";
median PT is $4.5 -Refinitiv data
    ** Including the session's losses, stock had fallen 68.1%
YTD
 (Reporting by Shristi Achar A)
 ((Shristi.AcharA@thomsonreuters.com;))