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Stingray Group Inc. Subordinate Voting Shares (RAY.A $17.15)
- $17.15 P/E (TTM): 22.63X Cap: $1.16B
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Q: What happened in 2024 that drove down ESP for that one year? The number of shares went down and total revenue went up and gross profit went up. Was it some one-time non-cash event? Thanks!

Asked by Robert on December 17, 2025

5i Research Answer:

Stingray Group Inc. (RAY.A) reported a net loss of $13.7 million ($0.20 per share) for fiscal...

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