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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024財年三季報
美股SEC公告 ·  05/24 00:37

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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)營業收入在2024年3月31日結束的本季度報告中下降至170萬美元,比去年同期的420萬美元下降60%。下降的原因是將Bethard業務出售和Argyll實體的停止。營業成本下降了62%,爲50萬美元,而銷售和市場費用下降了67%,爲30萬美元。總務和行政費用也減少了62%,爲280萬美元。公司沒有記錄出售企業的損失,而去年損失爲420萬美元。其他收入(費用)有所改善,本季度損失爲100萬美元,而去年同期損失爲360萬美元。本季度淨虧損爲280萬美元,普通股股東淨虧損爲390萬美元。EEG的流動性問題仍然存在,累計赤字20610萬美元,淨流動負債780萬美元。截至2024年5月21日,該公司手頭現金約爲60萬美元。EEG繼續面臨着其在沒有額外融資的情況下繼續作爲運營企業的重大疑慮。
Esports Entertainment Group,Inc.(EEG)營業收入在2024年3月31日結束的本季度報告中下降至170萬美元,比去年同期的420萬美元下降60%。下降的原因是將Bethard業務出售和Argyll實體的停止。營業成本下降了62%,爲50萬美元,而銷售和市場費用下降了67%,爲30萬美元。總務和行政費用也減少了62%,爲280萬美元。公司沒有記錄出售企業的損失,而去年損失爲420萬美元。其他收入(費用)有所改善,本季度損失爲100萬美元,而去年同期損失爲360萬美元。本季度淨虧損爲280萬美元,普通股股東淨虧損爲390萬美元。EEG的流動性問題仍然存在,累計赤字20610萬美元,淨流動負債780萬美元。截至2024年5月21日,該公司手頭現金約爲60萬美元。EEG繼續面臨着其在沒有額外融資的情況下繼續作爲運營企業的重大疑慮。
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