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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024财年三季报
美股SEC公告 ·  05/23 12:37

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Esports Entertainment Group, Inc. (EEG) reported a decrease in net revenue to $1.7 million for the quarter ended March 31, 2024, a 60% drop from the previous year's $4.2 million. The decline was attributed to the sale of the Bethard Business and the wind-down of Argyll entities. Cost of revenue fell by 62% to $0.5 million, while sales and marketing expenses decreased by 67% to $0.3 million. General and administrative expenses also saw a reduction of 62% to $2.8 million. The company recorded no loss on disposal of businesses, compared to a $4.2 million loss in the previous year. Other income (expense) improved, with a loss of $1.0 million compared to a $3.6 million loss in the prior year. The net loss for the quarter was $2.8 million, and the net loss attributable...Show More
Esports Entertainment Group, Inc. (EEG) reported a decrease in net revenue to $1.7 million for the quarter ended March 31, 2024, a 60% drop from the previous year's $4.2 million. The decline was attributed to the sale of the Bethard Business and the wind-down of Argyll entities. Cost of revenue fell by 62% to $0.5 million, while sales and marketing expenses decreased by 67% to $0.3 million. General and administrative expenses also saw a reduction of 62% to $2.8 million. The company recorded no loss on disposal of businesses, compared to a $4.2 million loss in the previous year. Other income (expense) improved, with a loss of $1.0 million compared to a $3.6 million loss in the prior year. The net loss for the quarter was $2.8 million, and the net loss attributable to common stockholders was $3.9 million. EEG's liquidity concerns persist, with an accumulated deficit of $206.1 million and net current liabilities of $7.8 million. The company's cash on hand as of May 21, 2024, was approximately $0.6 million. EEG continues to face substantial doubt about its ability to continue as a going concern without additional financing.
Esports Entertainment Group,Inc.(EEG)营业收入在2024年3月31日结束的本季度报告中下降至170万美元,比去年同期的420万美元下降60%。下降的原因是将Bethard业务出售和Argyll实体的停止。营业成本下降了62%,为50万美元,而销售和市场费用下降了67%,为30万美元。总务和行政费用也减少了62%,为280万美元。公司没有记录出售企业的损失,而去年损失为420万美元。其他收入(费用)有所改善,本季度损失为100万美元,而去年同期损失为360万美元。本季度净亏损为280万美元,普通股股东净亏损为390万美元。EEG的流动性问题仍然存在,累计赤字20610万美元,净流动负债780万美元。截至2024年5月21日,该公司手头现金约为60万美元。EEG继续面临着其在没有额外融资的情况下继续作为运营企业的重大疑虑。
Esports Entertainment Group,Inc.(EEG)营业收入在2024年3月31日结束的本季度报告中下降至170万美元,比去年同期的420万美元下降60%。下降的原因是将Bethard业务出售和Argyll实体的停止。营业成本下降了62%,为50万美元,而销售和市场费用下降了67%,为30万美元。总务和行政费用也减少了62%,为280万美元。公司没有记录出售企业的损失,而去年损失为420万美元。其他收入(费用)有所改善,本季度损失为100万美元,而去年同期损失为360万美元。本季度净亏损为280万美元,普通股股东净亏损为390万美元。EEG的流动性问题仍然存在,累计赤字20610万美元,净流动负债780万美元。截至2024年5月21日,该公司手头现金约为60万美元。EEG继续面临着其在没有额外融资的情况下继续作为运营企业的重大疑虑。
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