The
Stingray Digital Group reported a profit of
$4.7 million as of March 2018, up from $4.6 million a year ago.
Revenue rose 24.7% in that time to $33 million, mostly thanks to a number of acquisitions, such as
Newfoundland Capital Corp., which runs several radio stations across Canada. Revenue for the year rose to a record $127 million.
The profit amounts to $0.08 a share, down from $0.09 a share a year earlier. The Company diluted earnings per-share for following quarters after it issued additional equity in October 2017.
Based out of Montreal, Stingray is a business-to-business music and in-store media provider.