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Stingray Group Inc. (T:RAY.A)

Business Focus: Radio Broadcasting

Sector:  Consumer Cyclicals Industry:  Broadcasting
See Regulatory Filings on SEDAR
Company Contact
Address: 730 Wellington
Tel: N/A
Website: N/A
Key People
Mark Pathy
Independent Chairman of the Board
Ratha Khuong
General Manager - Stingray Business
Eric Boyko
President, Chief Executive Officer, Director
Jean-Pierre Trahan
Chief Financial Officer
Ian S. Lurie
President - Radio
Mario Dubois
Senior Vice President, Chief Technology Officer
Lloyd Perry Feldman
Senior Vice President, General Counsel, Corporate Secretary
Mathieu Peloquin
Senior Vice President of Marketing and Communications
Sebastien Cote
Vice President of Human Resources
Valerie Heroux
Vice President - Content Acquisition and Programming
Business Overview
Stingray Group Inc. is a Canada-based music, media, and technology company. The Company provides curated direct-to-consumer and business-to-business (B2B) services, including audio television channels, radio stations, subscription video-on-demand (SVOD) content, television channels, fast channels, karaoke products, digital signage, in-store music, and music applications. The Company also provides relaxation, mindfulness and sleep music. The Company offers SVOD services on a wide range of Internet-capable devices including smart televisions (TVs), smartphones, tablets, video game consoles and multimedia devices. The Company offers Stingray Karaoke, Stingray Classica, Stingray DJAZZ and Stingray Qello. The Company also offers business to consumers (B2C) mobile applications that includes Stingray Music, Yokee Music, Yokee Piano and Yokee Guitar. The Company has approximately 400 million subscribers in over 160 countries.
Financial Overview
For the three months ended 30 June 2021, StingrayGroup Inc revenues increased 24% to C$64.8M. Net incomedecreased 40% to C$4.2M. Revenues reflect Radio segmentincrease of 79% to C$29.2M, Canada segment increase of 47%to C$41.4M. Net income was offset by Operating expensesincrease of 52% to C$42.9M (expense), Legal increase fromC$780K (income) to C$991K (expense). Dividend per shareremained flat at C$0.08.
Employees: 1,000 as of Jun 30, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $741.33M as of Jun 30, 2021
Annual revenue (TTM): $261.98M as of Jun 30, 2021
EBITDA (TTM): $103.67M as of Jun 30, 2021
Net annual income (TTM): $42.28M as of Jun 30, 2021
Free cash flow (TTM): $45.42M as of Jun 30, 2021
Net Debt Last Fiscal Year: $360.12M as of Jun 30, 2021
Shares outstanding: 71,300,700 as of Sep 17, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization