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Mega Media turns a profit: Dance music is proven successful

N

nd2023

Banned
http://finance.yahoo.com/q/is?s=mmda.ob

Looking at the most recent financial statement, it shows a gross profit of over $2,500,000! After expenses and taxes, the net loss is significantly smaller compared to the past. The statement only shows up to January, so it doesn't include the cume-building leading up to Birthday Bash and the inclusion of WNYZ in the ratings.
One thing's for sure, it's making a lot more money with Pulse than with Russian. Hopefully as cume builds and the summer heats up, and when they start dancin' in DC, the revenue will increase to turn a net profit.
I assume the Pulse 87 in DC will add 25% to the revenue, as they can sell ads to national advertisers on both stations for an increased price and DC-area clubs on WDCN. Even if they voice track or simulcast it, it won't add much more expense, and 500 miles of gas a week for DC club broadcasts is negligible compared to the added revenue.
 
How can you say the format is "proven successful"? You must be the world's biggest optimist. The "profit" is an accounting shell game. Their cost of revenue was negative...see http://www.experiencefestival.com/microeconomics_-_marginal_cost-marginal_revenue_method
to see what that means. Mega had huge spike in SG&A expense in the last quarter. Then to pour salt on the wound, their revenue dropped. Your so-called profit is really a 233,000 dollar loss. This is not a healthy company. It's burning cash at a good clip. Eventually it'll run out.
 
I bought MMDA at .6 cents per share, and I could end up hundreds of dollars richer if I sell my shares today. Compared to over a million dollars loss per quarter, a quarter million is much less. Maybe most of the cost savings was from letting Star and Buc Wild go.
 
Nick said:
I bought MMDA at .6 cents per share, and I could end up hundreds of dollars richer if I sell my shares today. Compared to over a million dollars loss per quarter, a quarter million is much less. Maybe most of the cost savings was from letting Star and Buc Wild go.
Click to expand...

Short term you could jiggery poke your way into some tuition cash.

As a dance-related commodity, you'd be better off in MDMA.
 
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