Troika Media up on first quarterly profit since listing
15/11/2022 13:12
** Shares of consultancy firm Troika Media Group Inc
TRKA.O gain 30.9% to $0.37 premarket, among top pct gainers
across U.S. exchanges
** Stock set for highest level in over a month, if gains
hold
** Company posts September-quarter net income of $1.27 mln,
its first quarterly profit since going public in April 2021
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** Quarterly revenue was $119.81 mln vs $8.35 mln last year;
adj EBITDA of $10.06 mln vs last year's loss of $945,000
** Company says revenue and profit driven by buyout of media
and marketing firm Converge Direct earlier this year
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** Troika shares down 76% YTD up to last close
(Reporting by Ruhi Soni in Bengaluru)
((Ruhi.Soni@thomsonreuters.com; Twitter: https://twitter.com/ruhithere))
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