Allied Gaming & Entertainment Announces First Quarter 2024 Financial Results
Allied Gaming & Entertainment Announces First Quarter 2024 Financial Results
Allied Gaming & Entertainment Announces First Quarter 2024 Financial Results
联合游戏娱乐公布2024年第一季度财务业绩
May 20, 2024 4:05 pm EDT Download as PDF
美国东部时间 2024 年 5 月 20 日下午 4:05 以 PDF 格式下载
NEW YORK--(BUSINESS WIRE)-- Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, today announced financial results for the first quarter ended March 31, 2024.
纽约--(美国商业资讯)--Allied Gaming & Entertainment, Inc.全球体验式娱乐公司纳斯达克股票代码：AGAE）（“公司” 或 “AGAE”）今天公布了截至2024年3月31日的第一季度财务业绩。
"After building momentum throughout 2023, we've had a strong start to the year," stated Yinghua Chen, Chief Executive Officer of AGAE. "Along with the exciting events we have confirmed for the second quarter, we have a strong pipeline of opportunities in front of us, both locally and abroad throughout 2024. In addition, Z-Tech is trending well for the remainder of the year as we look to further capitalize on the massive and growing market of gaming & entertainment."
AGAE首席执行官陈英华表示：“在整个2023年保持势头之后，我们迎来了良好的开端。”“除了我们已经确认的第二季度激动人心的事件外，在整个2024年，我们在本地和国外都有大量的机会。此外，随着我们希望进一步利用庞大且不断增长的游戏和娱乐市场，Z-Tech在今年剩余时间内表现良好。”
First Quarter 2024 Financial Results
2024 年第一季度财务业绩
Revenues: Total revenues of $2.4 million increased 99% compared to $1.2 million in the first quarter of 2023. The year-over-year increase was primarily attributable to an increase in casual mobile gaming revenues following the Company's strategic investment in Z-Tech in the fourth quarter of 2023.
收入：240万美元的总收入与2023年第一季度的120万美元相比增长了99％。同比增长主要归因于公司于2023年第四季度对Z-Tech进行战略投资后，休闲手机游戏收入的增加。
Costs and expenses: Total costs and expenses were $5.1 million, an increase of 31% compared to the first quarter of 2023. The year-over-year increase was primarily attributable to Z-Tech's promotion, research and development, and other operating expenses.
成本和支出：总成本和支出为510万美元，与2023年第一季度相比增长了31％。同比增长主要归因于Z-Tech的推广、研发和其他运营费用。
Net loss for the first quarter of 2024 improved to $1.8 million compared to a net loss of $1.9 million in the prior year period.
2024年第一季度的净亏损增至180万美元，而去年同期的净亏损为190万美元。
Furthermore, adjusted EBITDA loss was $1.7 million for the first quarter of 2024, an improvement from a loss of $2.0 million in the first quarter of 2023. A reconciliation of the GAAP-basis net income (loss) to adjusted EBITDA is provided in the table at the end of this press release.
此外，2024年第一季度调整后的息税折旧摊销前利润亏损为170万美元，较2023年第一季度的200万美元亏损有所改善。本新闻稿末尾的表格中提供了GAAP基础净收益（亏损）与调整后息税折旧摊销前利润的对账情况。
Balance Sheet
资产负债表
As of March 31, 2024, the Company had a cash and short-term investments position of $83.3 million, including $5.0 million of restricted cash, compared to $78.6 million at December 31, 2023. At March 31, 2024, the Company had a working capital position of $67.2 million compared to $66.4 million at December 31, 2023. As of March 31, 2024, the Company had approximately 45.6 million shares of outstanding common stock.
截至2024年3月31日，该公司的现金和短期投资头寸为8,330万美元，其中包括500万美元的限制性现金，而截至2023年12月31日为7,860万美元。截至2024年3月31日，该公司的营运资金状况为6,720万美元，而截至2023年12月31日为6,640万美元。截至2024年3月31日，该公司拥有约4560万股已发行普通股。
Operational Update
操作更新
Allied Esports produced 63 events in the first quarter of 2024, with 33 proprietary events and 30 third-party events. Third-party events were highlighted by PlayVS Live: Gridiron Showdown; Second Annual P&G Battle of the Paddles at Super Bowl LVIII; 3rd Annual Battle for Charity Esports Tournament; Gitlab; and the Blitz Experience.
Allied Esports在2024年第一季度举办了63场赛事，其中包括33场专有赛事和30场第三方赛事。PlayVS Live 重点介绍了第三方赛事：Gridiron Showdown；第二届年度宝洁在超级碗 LVIII 上大放异彩；3第三方 年度慈善电子竞技之战锦标赛；Gitlab；以及闪电战体验。
Corporate Developments
企业发展
During the quarter, AGAE announced a partnership with World Poker Tour, ("WPT"), and Wynn Macau, in which the companies will work together to bring an inaugural WPT event to Macau. In partnership with AGAE, World Poker Tour will be at Wynn Macau for the first time from June 18-24, 2024.
在本季度，AGAE宣布与世界扑克巡回赛（“WPT”）和永利澳门建立合作伙伴关系，两家公司将共同努力，在澳门举办首届WPT赛事。与AGAE合作，世界扑克巡回赛将于2024年6月18日至24日首次在永利澳门举行。
First Quarter 2024 Conference Call
2024 年第一季度电话会议
The Company will host a conference call today at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss its first quarter 2024 financial results. Participants may join the conference call by dialing 1-877-407-0792 (United States) or 1-201-689-8263 (international).
该公司将于太平洋时间今天下午 2:00 /美国东部时间下午 5:00 举行电话会议，讨论其2024年第一季度的财务业绩。参与者可以通过拨打1-877-407-0792（美国）或1-201-689-8263（国际）加入电话会议。
A live webcast of the conference call will also be available on Allied Gaming & Entertainment's Investor Relations site at ir.alliedgaming.gg. Additionally, financial information presented on the call will be available on Allied Gaming & Entertainment's Investor Relations site. For those unable to participate in the conference call, a telephonic replay of the call will also be available shortly after the completion of the call, until 11:59 p.m. Eastern Time on Monday, May 27, 2024, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (International) and using the replay passcode: 13746377.
电话会议的网络直播也将在Allied Gaming & Entertainment的投资者关系网站上播出 ir.alliedgaming.gg。此外，电话会议上提供的财务信息将在Allied Gaming & Entertainment的投资者关系网站上公布。对于那些无法参加电话会议的人，电话会议结束后不久，即美国东部时间2024年5月27日星期一下午11点59分，也可以拨打1-844-512-2921（美国）或1-412-317-6671（国际）并使用重播密码：13746377，进行电话重播。
About Allied Gaming & Entertainment
关于 Allied 游戏与娱乐
Allied Gaming & Entertainment Inc. (Nasdaq: AGAE) is a global experiential entertainment company focused on providing a growing world of gamers and concertgoers with unique experiences through renowned assets, products and services. For more information, visit alliedgaming.gg.
Allied Gaming & Entertainment Inc.（纳斯达克股票代码：AGAE）是一家全球体验式娱乐公司，致力于通过知名资产、产品和服务为不断增长的游戏玩家和音乐会观众提供独特的体验。欲了解更多信息，请访问 alliedgaming.gg。
Non-GAAP Financial Measures
非公认会计准则财务指标
As a supplement to our financial measures presented in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), the Company presents certain non-GAAP measures of financial performance. These non-GAAP financial measures are not intended to be considered in isolation from, as a substitute for, or as more important than, the financial information prepared and presented in accordance with GAAP. In addition, these non-GAAP measures have limitations in that they do not reflect all of the items associated with the company's results of operations as determined in accordance with GAAP. Non-GAAP financial measures are not an alternative to the Company's GAAP financial results and may not be calculated in the same manner as similar measures presented by other companies.
作为我们根据美国公认会计原则（“GAAP”）列报的财务指标的补充，公司提出了某些非公认会计准则的财务业绩指标。不应将这些非公认会计准则财务指标与根据公认会计原则编制和列报的财务信息分开考虑，也不能将其作为替代品，或将其视为更重要的财务信息。此外，这些非公认会计准则指标也有局限性，因为它们不能反映根据公认会计原则确定的与公司经营业绩相关的所有项目。非公认会计准则财务指标不能替代公司的GAAP财务业绩，其计算方式可能与其他公司提出的类似指标不同。
The Company provides net income (loss) and earnings (loss) per share in accordance with GAAP. In addition, the Company provides EBITDA (defined as GAAP net income (loss) from continuing operations before interest (income) expense, income taxes, depreciation, and amortization). The Company defines "Adjusted EBITDA" as EBITDA excluding certain non-cash and non-recurring charges, such as stock-based compensation, business acquisition transaction costs and impairment expense.
公司根据公认会计原则提供每股净收益（亏损）和收益（亏损）。此外，公司还提供息税折旧摊销前利润（定义为扣除利息（收益）支出、所得税、折旧和摊销前的持续经营净收益（亏损））。公司将 “调整后息税折旧摊销前利润” 定义为息税折旧摊销前利润，不包括某些非现金和非经常性费用，例如股票薪酬、业务收购交易成本和减值费用。
In the future, the Company may also consider whether other items should also be excluded in calculating the non-GAAP financial measures used by the Company. Management believes that the presentation of these non-GAAP financial measures provides investors with additional useful information to measure the Company's financial and operating performance. In particular, these measures facilitate comparison of our operating performance between periods and help investors to better understand the operating results of the Company by excluding certain items that may not be indicative of the Company's core business, operating results, or future outlook. Additionally, we consider quantitative and qualitative factors in assessing whether to adjust for the impact of items that may be significant or that could affect an understanding of our ongoing financial and business performance or trends. Internally, management uses these non-GAAP financial measures, along with others, in assessing the Company's operating results, measuring compliance with any applicable requirements of the Company's debt financing agreements in place at such time, as well as in planning and forecasting.
将来，公司还可能考虑在计算公司使用的非公认会计准则财务指标时是否还应排除其他项目。管理层认为，这些非公认会计准则财务指标的列报为投资者提供了更多有用的信息，以衡量公司的财务和经营业绩。特别是，这些衡量标准不包括某些可能不代表公司核心业务、经营业绩或未来前景的项目，从而有助于比较我们在不同时期的经营业绩，并帮助投资者更好地了解公司的经营业绩。此外，在评估是否根据可能重大或可能影响对我们持续财务和业务业绩或趋势的理解的项目的影响进行调整时，我们会考虑定量和定性因素。在内部，管理层使用这些非公认会计准则财务指标以及其他指标来评估公司的经营业绩，衡量公司当时制定的债务融资协议中任何适用要求的遵守情况，以及进行规划和预测。
The Company's non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles, and our non-GAAP definitions of the "EBITDA" and "Adjusted EBITDA" do not have a standardized meaning. Therefore, other companies may use the same or similarly named measures, but include or exclude different items, which may not provide investors a comparable view of the Company's performance in relation to other companies.
公司的非公认会计准则财务指标并非基于一套全面的会计规则或原则，我们对 “息税折旧摊销前利润” 和 “调整后息税折旧摊销前利润” 的非公认会计准则定义没有标准化含义。因此，其他公司可能使用相同或相似的衡量标准，但包括或排除不同的项目，这可能无法为投资者提供公司与其他公司的业绩相比的看法。
Management compensates for the limitations resulting from the exclusion of these items by considering the impact of the items separately and by considering the Company's GAAP, as well as non-GAAP, financial results and outlook, and by presenting the most comparable GAAP measures directly ahead of non-GAAP measures, and by providing a reconciliation that indicates and describes the adjustments made.
管理层通过分别考虑这些项目的影响，考虑公司的公认会计原则以及非公认会计准则的财务业绩和前景，在非公认会计准则指标之前直接提出最具可比性的公认会计原则指标，以及提供表明和描述所做调整的对账来弥补因排除这些项目而造成的限制。
Forward-Looking Statements
前瞻性陈述
This communication contains certain forward-looking statements under federal securities laws. Forward-looking statements may include our statements regarding our goals, beliefs, strategies, objectives, plans, including product and service developments, future financial conditions, results or projections or current expectations. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "intend" or "continue," the negative of such terms, or other comparable terminology. These statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to be materially different from those contemplated by the forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our control, that could cause actual results or outcomes to differ materially from those discussed in these forward-looking statements. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Important factors, among others, that may affect actual results or outcomes include: risks associated with the future direction or governance of the Company; our ability to execute on our strategic and business plans; the substantial uncertainties inherent in the acceptance of existing and future products and services; the ability to retain key personnel; potential litigation; general economic and market conditions impacting demand for our services; our inability to enter into one or more future acquisition or strategic transactions; and our ability, or a decision not to pursue strategic options for the esports business. You should consider the areas of risk described in connection with any forward-looking statements that may be made herein. The business and operations of AGAE are subject to substantial risks, which increase the uncertainty inherent in the forward-looking statements contained in this communication. Except as required by law, we undertake no obligation to release publicly the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Further information on potential factors that could affect our business and results is described under "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on March 27, 2024, as amended, as well as subsequent reports we file with the SEC. Readers are also urged to carefully review and consider the various disclosures we made in such Annual Report on Form 10-K and in subsequent reports with the SEC.
本通信包含联邦证券法规定的某些前瞻性陈述。前瞻性陈述可能包括我们关于我们的目标、信念、战略、目标、计划的陈述，包括产品和服务开发、未来财务状况、业绩或预测或当前预期。在某些情况下，您可以通过诸如 “可能”、“将”、“应该”、“期望”、“计划”、“预测”、“相信”、“估计”、“预测”、“潜在”、“打算” 或 “继续” 等术语来识别前瞻性陈述，此类术语的否定词或其他类似术语。这些陈述受已知和未知风险、不确定性、假设和其他因素的影响，这些因素可能导致实际结果与前瞻性陈述所设想的结果存在重大差异。这些前瞻性陈述不能保证未来的业绩、状况或结果，涉及许多已知和未知的风险、不确定性、假设和其他重要因素，其中许多因素是我们无法控制的，可能导致实际结果或结果与这些前瞻性陈述中讨论的结果存在重大差异。不应将包含此类信息视为公司或任何人对公司目标将实现的陈述。可能影响实际业绩或结果的重要因素包括：与公司未来方向或治理相关的风险；我们执行战略和业务计划的能力；接受现有和未来产品和服务所固有的重大不确定性；留住关键人员的能力；潜在的诉讼；影响我们服务需求的总体经济和市场状况；我们无法进行一项或多项未来的收购或战略交易；以及我们的能力，或决定不要为电子竞技业务寻求战略选择。您应考虑此处可能发表的任何前瞻性陈述中描述的风险领域。AGAE的业务和运营面临重大风险，这增加了本通报中包含的前瞻性陈述中固有的不确定性。除非法律要求，否则我们没有义务公开发布对这些前瞻性陈述进行的任何修订的结果，这些修订可能反映本声明发布之日之后的事件或情况或反映意外事件的发生。有关可能影响我们业务和业绩的潜在因素的更多信息，请参见 “第 1A 项”。风险因素” 载于我们于2024年3月27日向美国证券交易委员会提交的经修订的截至2023年12月31日年度的10-K表年度报告以及我们向美国证券交易委员会提交的后续报告。还敦促读者仔细审查和考虑我们在10-K表年度报告中以及随后向美国证券交易委员会提交的报告中所做的各种披露。
| Allied Gaming & Entertainment, Inc. and Subsidiaries Condensed Consolidated Balance Sheets | ||||||||
| March 31, | December 31, | |||||||
| 2024 | 2023 | |||||||
| (unaudited) | ||||||||
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and cash equivalents | $ | 7,300,965 | $ | 16,320,583 | ||||
| Short-term investments | 69,642,386 | 56,500,000 | ||||||
| Interest receivable | 1,319,578 | 792,223 | ||||||
| Accounts receivable | 477,790 | 529,369 | ||||||
| Loan receivable | 1,340,149 | - | ||||||
| Deposits, current portion | 3,700,000 | 3,700,000 | ||||||
| Prepaid expenses and other current assets | 550,572 | 498,886 | ||||||
| Total Current Assets | 84,331,440 | 78,341,061 | ||||||
| Restricted cash | 5,000,000 | 5,000,000 | ||||||
| Property and equipment, net | 3,608,688 | 3,834,193 | ||||||
| Digital assets | 49,300 | 49,300 | ||||||
| Intangible assets, net | 6,009,070 | 6,254,731 | ||||||
| Deposits, non-current portion | 385,524 | 392,668 | ||||||
| Operating lease right-of-use asset | 5,141,048 | 5,415,678 | ||||||
| Goodwill | 12,490,536 | 12,729,056 | ||||||
| Total Assets | $ | 117,015,606 | $ | 112,016,687 | ||||
| Liabilities and Stockholders' Equity | ||||||||
| Current Liabilities | ||||||||
| Accounts payable | $ | 172,975 | $ | 371,830 | ||||
| Accrued expenses and other current liabilities | 496,992 | 763,512 | ||||||
| Deferred revenue | 105,650 | 103,748 | ||||||
| Operating lease liability, current portion | 1,484,332 | 1,482,977 | ||||||
| Loans payable | 14,856,822 | 9,230,168 | ||||||
| Total Current Liabilities | 17,116,771 | 11,952,235 | ||||||
| Operating lease liability, non-current portion | 5,191,538 | 5,560,251 | ||||||
| Deferred tax liability | 1,075,620 | 1,096,160 | ||||||
| Total Liabilities | 23,383,929 | 18,608,646 | ||||||
| Commitments and Contingencies | ||||||||
| Stockholders' Equity | ||||||||
| Series A Preferred stock, $0.0001 par value, 50,000 shares authorized, none issued and outstanding | - | - | ||||||
| Preferred stock, $0.0001 par value, 1,000,000 shares authorized, none issued and outstanding | - | - | ||||||
| Common stock, $0.0001 par value; 100,000,000 shares authorized, 47,853,097 and 39,085,470 shares issued at March 31, 2024 and December 31, 2023, and 45,573,313 and 36,805,686 shares outstanding at March 31, 2024 and December 31, 2023, respectively | 4,780 | 3,909 | ||||||
| Additional paid in capital | 205,660,677 | 198,677,132 | ||||||
| Accumulated deficit | (115,370,139) | (113,671,029) | ||||||
| Accumulated other comprehensive income | 299,880 | 433,565 | ||||||
| Stock subscription receivable | (4,597,000) | - | ||||||
| Treasury stock, at cost, 2,279,784 shares at March 31, 2024 and December 31, 2023 | (2,693,653) | (2,693,653) | ||||||
| Total Allied Gaming & Entertainment Inc. Stockholders' Equity | 83,304,545 | 82,749,924 | ||||||
| Non-controlling interest | 10,327,132 | 10,658,117 | ||||||
| Total Stockholders' Equity | 93,631,677 | 93,408,041 | ||||||
| Total Liabilities and Stockholders' Equity | $ | 117,015,606 | $ | 112,016,687 | ||||
| The accompanying notes are an integral part of these consolidated financial statements. | ||||||||
| 联合游戏娱乐公司及其子公司 简明合并资产负债表 | ||||||||
| 3月31日 | 十二月三十一日 | |||||||
| 2024 | 2023 | |||||||
| （未经审计） | ||||||||
| 资产 | ||||||||
| 流动资产 | ||||||||
| 现金和现金等价物 | $ | 7,300,965 | $ | 16,320,583 | ||||
| 短期投资 | 69,642,386 | 56,500,000 | ||||||
| 应收利息 | 1,319,578 | 792,223 | ||||||
| 应收账款 | 477,790 | 529,369 | ||||||
| 应收贷款 | 1,340,149 | - | ||||||
| 存款，活期部分 | 3,700,000 | 3,700,000 | ||||||
| 预付费用和其他流动资产 | 550,572 | 498,886 | ||||||
| 流动资产总额 | 84,331,440 | 78,341,061 | ||||||
| 受限制的现金 | 5,000,000 | 5,000,000 | ||||||
| 财产和设备，净额 | 3,608,688 | 3,834,193 | ||||||
| 数字资产 | 49,300 | 49,300 | ||||||
| 无形资产，净额 | 6,009,070 | 6,254,731 | ||||||
| 存款，非流动部分 | 385,524 | 392,668 | ||||||
| 经营租赁使用权资产 | 5,141,048 | 5,415,678 | ||||||
| 善意 | 12,490,536 | 12,729,056 | ||||||
| 总资产 | $ | 117,015,606 | $ | 112,016,687 | ||||
| 负债和股东权益 | ||||||||
| 流动负债 | ||||||||
| 应付账款 | $ | 172,975 | $ | 371,830 | ||||
| 应计费用和其他流动负债 | 496,992 | 763,512 | ||||||
| 递延收入 | 105,650 | 103,748 | ||||||
| 经营租赁负债，流动部分 | 1,484,332 | 1,482,977 | ||||||
| 应付贷款 | 14,856,822 | 9,230,168 | ||||||
| 流动负债总额 | 17,116,771 | 11,952,235 | ||||||
| 经营租赁负债，非流动部分 | 5,191,538 | 5,560,251 | ||||||
| 递延所得税负债 | 1,075,620 | 1,096,160 | ||||||
| 负债总额 | 23,383,929 | 18,608,646 | ||||||
| 承付款和或有开支 | ||||||||
| 股东权益 | ||||||||
| A系列优先股，面值0.0001美元，授权50,000股，未发行和流通 | - | - | ||||||
| 优先股，面值0.0001美元，授权1,000,000股，未发行和流通 | - | - | ||||||
| 普通股，面值0.0001美元；授权1亿股，截至2024年3月31日和2023年12月31日发行的47,853,097和39,085,470股，截至2024年3月31日和2023年12月31日已发行45,573,313股和36,805,686股已发行股票 | 4,780 | 3,909 | ||||||
| 额外已缴资本 | 205,660,677 | 198,677,132 | ||||||
| 累计赤字 | (115,370,139) | (113,671,029) | ||||||
| 累计其他综合收益 | 299,880 | 433,565 | ||||||
| 股票认购应收账款 | (4,597,000) | - | ||||||
| 截至2024年3月31日和2023年12月31日，美国库存股按成本计算为2,279,784股 | (2,693,653) | (2,693,653) | ||||||
| 联合博彩娱乐公司股东权益总额 | 83,304,545 | 82,749,924 | ||||||
| 非控股权益 | 10,327,132 | 10,658,117 | ||||||
| 股东权益总额 | 93,631,677 | 93,408,041 | ||||||
| 负债总额和股东权益 | $ | 117,015,606 | $ | 112,016,687 | ||||
| 所附附附注是这些合并财务报表的组成部分。 | ||||||||
| Allied Gaming & Entertainment, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (unaudited) | |||||||
| For the Three Months Ended | |||||||
| March 31, | |||||||
| 2024 | 2023 | ||||||
| Revenues: | |||||||
| In-person | $ | 1,255,198 | $ | 1,193,330 | |||
| Multiplatform content | 59 | 101 | |||||
| Casual mobile gaming | 1,123,804 | - | |||||
| Total Revenues | 2,379,061 | 1,193,431 | |||||
| Costs and Expenses: | |||||||
| In-person (exclusive of depreciation and amortization) | 635,963 | 672,222 | |||||
| Multiplatform content (exclusive of depreciation and amortization) | - | 395 | |||||
| Casual mobile games (exclusive of depreciation and amortization) | 936,905 | - | |||||
| Research and development expenses | 195,211 | - | |||||
| Selling and marketing expenses | 53,688 | 54,598 | |||||
| General and administrative expenses | 2,857,800 | 2,543,347 | |||||
| Depreciation and amortization | 374,992 | 578,560 | |||||
| Total Costs and Expenses | 5,054,559 | 3,849,122 | |||||
| Loss From Operations | (2,675,498) | (2,655,691) | |||||
| Other Income (Expense): | |||||||
| Other (expense) income, net | (13,158) | 27,455 | |||||
| Interest income, net | 859,205 | 734,449 | |||||
| Net Loss | (1,829,451) | (1,893,787) | |||||
| Less: net loss attributable to non-controlling interest | (130,341) | - | |||||
| Net Loss Attributable to Common Stockholders | $ | (1,699,110) | $ | (1,893,787) | |||
| Net Loss per Common Share | |||||||
| Basic and Diluted | $ | (0.04) | $ | (0.05) | |||
| Weighted Average Number of Common Shares Outstanding: | 38,863,783 | 37,924,754 | |||||
| The accompanying notes are an integral part of these consolidated financial statements. | |||||||
| 联合游戏娱乐公司及其子公司 简明合并运营报表 （未经审计） | |||||||
| 在已结束的三个月中 | |||||||
| 3月31日 | |||||||
| 2024 | 2023 | ||||||
| 收入： | |||||||
| 面对面 | $ | 1,255,198 | $ | 1,193,330 | |||
| 多平台内容 | 59 | 101 | |||||
| 休闲手机游戏 | 1,123,804 | - | |||||
| 总收入 | 2,379,061 | 1,193,431 | |||||
| 成本和支出： | |||||||
| 面对面（不包括折旧和摊销） | 635,963 | 672,222 | |||||
| 多平台内容（不包括折旧和摊销） | - | 395 | |||||
| 休闲手机游戏（不包括折旧和摊销） | 936,905 | - | |||||
| 研究和开发费用 | 195,211 | - | |||||
| 销售和营销费用 | 53,688 | 54,598 | |||||
| 一般和管理费用 | 2,857,800 | 2,543,347 | |||||
| 折旧和摊销 | 374,992 | 578,560 | |||||
| 总成本和支出 | 5,054,559 | 3,849,122 | |||||
| 运营损失 | (2,675,498) | (2,655,691) | |||||
| 其他收入（费用）： | |||||||
| 其他（支出）收入，净额 | (13,158) | 27,455 | |||||
| 净利息收入 | 859,205 | 734,449 | |||||
| 净亏损 | (1,829,451) | (1,893,787) | |||||
| 减去：归属于非控股权益的净亏损 | (130,341) | - | |||||
| 归属于普通股股东的净亏损 | $ | (1,699,110) | $ | (1,893,787) | |||
| 每股普通股净亏损 | |||||||
| 基础版和稀释版 | $ | (0.04) | $ | (0.05) | |||
| 已发行普通股的加权平均数： | 38,863,783 | 37,924,754 | |||||
| 所附附附注是这些合并财务报表的组成部分。 | |||||||
| Allied Gaming & Entertainment, Inc. and Subsidiaries Condensed Consolidated Statements of Comprehensive Loss (unaudited) | |||||||
| For the Three Months Ended | |||||||
| March 31, | |||||||
| 2024 | 2023 | ||||||
| Net Loss | $ | (1,829,451) | $ | (1,893,787) | |||
| Other comprehensive income (loss): | |||||||
| Foreign currency translation adjustments | (334,329) | 1,880 | |||||
| Total comprehensive loss | (2,163,780) | (1,891,907) | |||||
| Less: Net loss attributable to non-controlling interest | (130,341) | - | |||||
| Less: Other comprehensive loss attributable to non-controlling interest | (200,644) | - | |||||
| Comprehensive Loss Attributable to Common Stockholders | $ | (1,832,795) | $ | (1,891,907) | |||
| The accompanying notes are an integral part of these consolidated financial statements. | |||||||
| 联合游戏娱乐公司及其子公司 综合亏损简明合并报表 （未经审计） | |||||||
| 在已结束的三个月中 | |||||||
| 3月31日 | |||||||
| 2024 | 2023 | ||||||
| 净亏损 | $ | (1,829,451) | $ | (1,893,787) | |||
| 其他综合收益（亏损）： | |||||||
| 外币折算调整 | (334,329) | 1,880 | |||||
| 综合损失总额 | (2,163,780) | (1,891,907) | |||||
| 减去：归属于非控股权益的净亏损 | (130,341) | - | |||||
| 减去：归因于非控股权益的其他综合亏损 | (200,644) | - | |||||
| 归属于普通股股东的综合亏损 | $ | (1,832,795) | $ | (1,891,907) | |||
| 所附附附注是这些合并财务报表的组成部分。 | |||||||
| Non-GAAP Financial Measures | |||||||
| EBITDA and Adjusted EBITDA are non-GAAP financial measures and should not be considered as a substitute for net income (loss), operating income (loss) or any other performance measure derived in accordance with United States generally accepted accounting principles ("GAAP") or as an alternative to net cash provided by operating activities as a measure of AGAE's profitability or liquidity. AGAE's management believes EBITDA and Adjusted EBITDA are useful because they allow external users of its financial statements, such as industry analysts, investors, lenders and rating agencies, to more effectively evaluate its operating performance, compare the results of its operations from period to period and against AGAE's peers without regard to AGAE's financing methods, hedging positions or capital structure and because it highlights trends in AGAE's business that may not otherwise be apparent when relying solely on GAAP measures. AGAE presents EBITDA and Adjusted EBITDA because it believes EBITDA and Adjusted EBITDA are important supplemental measures of its performance that are frequently used by others in evaluating companies in its industry. Because EBITDA and Adjusted EBITDA exclude some, but not all, items that affect net income (loss) and may vary among companies, the EBITDA and Adjusted EBITDA AGAE presents may not be comparable to similarly titled measures of other companies. AGAE defines EBITDA as earnings before interest, income taxes, depreciation and amortization of intangibles. AGAE defines Adjusted EBITDA as EBITDA excluding stock-based compensation. | |||||||
| The following table presents a reconciliation of EBITDA and Adjusted EBITDA from net loss, AGAE's most directly comparable financial measure calculated and presented in accordance with GAAP. | |||||||
| Three Months Ended March 31, | |||||||
| 2024 | 2023 | ||||||
| Net Loss Attributable to Common Stockholders | $ | (1,699,110) | $ | (1,893,787) | |||
| Interest income, net | (859,205) | (734,449) | |||||
| Depreciation and amortization | 374,992 | 578,560 | |||||
| EBITDA | (2,183,323) | (2,049,676) | |||||
| Stock compensation | 471,600 | 5,126 | |||||
| Adjusted EBITDA | $ | (1,711,723) | $ | (2,044,550) | |||
| 非公认会计准则财务指标 | |||||||
| 息税折旧摊销前利润和调整后息税折旧摊销前利润是非公认会计准则财务指标，不应被视为净收益（亏损）、营业收益（亏损）或根据美国公认会计原则（“GAAP”）得出的任何其他业绩衡量标准的替代品，也不得视为经营活动提供的净现金的替代品，以衡量AGAE的盈利能力或流动性。AGAE的管理层认为，息税折旧摊销前利润和调整后息税折旧摊销前利润很有用，因为它们允许其财务报表的外部用户，例如行业分析师、投资者、贷款人和评级机构，更有效地评估其经营业绩，将其各期的运营业绩与AGAE的同行进行比较，而不考虑AGAE的融资方法、对冲头寸或资本结构，还因为它突显了仅依赖AGAE的业务趋势，否则这些趋势可能不明显关于公认会计原则的衡量标准。AGAE之所以公布息税折旧摊销前利润和调整后息税折旧摊销前利润，是因为它认为息税折旧摊销前利润和调整后息税折旧摊销前利润是衡量其业绩的重要补充指标，其他人经常使用这些指标来评估该行业的公司。由于息税折旧摊销前利润和调整后息税折旧摊销前利润不包括一些影响净收益（亏损）的项目，并且可能因公司而异，因此AGAE提出的息税折旧摊销前利润和调整后息税折旧摊销前利润AGAE可能无法与其他公司的类似标题的指标相提并论。AGAE将息税折旧摊销前利润定义为扣除利息、所得税、折旧和无形资产摊销前的收益。AGAE将调整后的息税折旧摊销前利润定义为不包括股票薪酬的息税折旧摊销前利润。 | |||||||
| 下表显示了息税折旧摊销前利润和调整后息税折旧摊销前利润与净亏损的对账情况，这是AGAE根据公认会计原则计算和列报的最直接可比的财务指标。 | |||||||
| 三个月已结束 3月31日 | |||||||
| 2024 | 2023 | ||||||
| 归属于普通股股东的净亏损 | $ | (1,699,110) | $ | (1,893,787) | |||
| 净利息收入 | (859,205) | (734,449) | |||||
| 折旧和摊销 | 374,992 | 578,560 | |||||
| EBITDA | (2,183,323) | (2,049,676) | |||||
| 股票补偿 | 471,600 | 5,126 | |||||
| 调整后 EBITDA | $ | (1,711,723) | $ | (2,044,550) | |||
View source version on businesswire.com: https://www.businesswire.com/news/home/20240520483200/en/
在 businesswire.com 上查看源版本： https://www.businesswire.com/news/home/20240520483200/en/
Investor Contact:
Tyler Drew
Addo Investor Relations
agae@addo.com
310-829-5400
投资者联系人：
泰勒·德鲁
Addo 投资者关系
agae@addo.com
310-829-5400
Source: Allied Gaming & Entertainment, Inc.
来源：Allied Gaming & Entertainment
Released May 20, 2024
2024 年 5 月 20 日发布