- Troika Media Group, Inc TRKA reports revenue of $187.91 million for the six months ended FY22, up from $15.34 million a year ago.
- The Converge acquisition helped diversify the company’s revenue streams and create efficiencies. It accounted for about $180.3 million, or 96% of the company’s total sales.
- The company’s incremental revenue included performance solutions revenue of $75.7 million, or 40%, and managed services revenue of $104.6 million, or 56%.
- Gross margin declined 3,147 basis points to 13.7% as expenses jumped from $8.42m to $162.25m Y/Y.
- Operating loss was $(19.36) million compared to $(7.58) million last year.
- Adjusted EBITDA was $4.95 million compared to a loss of ($4.59) million a year ago.
- Price promotion: TRKA shares traded 17.39% lower at $0.63 on the last check Tuesday.
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