Boat Rocker Media Inc (TSE:BRMI) has released an update.
Boat Rocker Media Inc. experienced a significant increase in annual revenue, jumping 56.2% to $475.4 million in 2023, although facing a dip in both yearly and fourth-quarter Adjusted EBITDA, with a full-year decrease of 5.8% and a sharp 56% drop in Q4. Despite the industry challenges, including strikes, the company remained debt-free with a solid cash position of $72.5 million at year-end. The CEO expressed optimism for the future, highlighting completed deliveries and ramping up international sales of their premium scripted series.
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