Allied Gaming & Entertainment Announces First Quarter 2024 Financial Results
Allied Gaming & Entertainment Announces First Quarter 2024 Financial Results
First Quarter 2024 Financial Results Allied Gaming & Entertainment Announces First Quarter 2024 Financial Results
聯合遊戲娛樂公佈2024年第一季度財務業績
May 20, 2024 4:05 pm EDT Download as PDF
美國東部時間 2024 年 5 月 20 日下午 4:05 以 PDF 格式下載
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.
紐約--(美國商業資訊)--Allied Gaming & Entertainment, Inc.全球體驗式娛樂公司納斯達克股票代碼：AGAE）（“公司” 或 “AGAE”）今天公佈了截至2024年3月31日的第一季度財務業績。
"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首席執行官陳英華表示：“在整個2023年保持勢頭之後，我們迎來了良好的開端。”“除了我們已經確認的第二季度激動人心的事件外，在整個2024年，我們在本地和國外都有大量的機會。此外，隨着我們希望進一步利用龐大且不斷增長的遊戲和娛樂市場，Z-Tech在今年剩餘時間內表現良好。”
First Quarter 2024 Financial Results
2024 年第一季度財務業績
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：240萬美元的總收入與2023年第一季度的120萬美元相比增長了99％。同比增長主要歸因於公司於2023年第四季度對Z-Tech進行戰略投資後，休閒手機遊戲收入的增加。
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：總成本和支出爲510萬美元，與2023年第一季度相比增長了31％。同比增長主要歸因於Z-Tech的推廣、研發和其他運營費用。
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年第一季度的淨虧損增至180萬美元，而去年同期的淨虧損爲190萬美元。
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年第一季度調整後的息稅折舊攤銷前利潤虧損爲170萬美元，較2023年第一季度的200萬美元虧損有所改善。本新聞稿末尾的表格中提供了GAAP基礎淨收益（虧損）與調整後息稅折舊攤銷前利潤的對賬情況。
Balance Sheet
資產負債表
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，該公司的現金和短期投資頭寸爲8,330萬美元，其中包括500萬美元的限制性現金，而截至2023年12月31日爲7,860萬美元。截至2024年3月31日，該公司的營運資金狀況爲6,720萬美元，而截至2023年12月31日爲6,640萬美元。截至2024年3月31日，該公司擁有約4560萬股已發行普通股。
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年第一季度舉辦了63場賽事，其中包括33場專有賽事和30場第三方賽事。PlayVS Live 重點介紹了第三方賽事：Gridiron Showdown；第二屆年度寶潔在超級碗 LVIII 上大放異彩；3第三方 年度慈善電子競技之戰錦標賽；Gitlab；以及閃電戰體驗。
Corporate Developments
企業發展
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宣佈與世界撲克巡迴賽（“WPT”）和永利澳門建立合作伙伴關係，兩家公司將共同努力，在澳門舉辦首屆WPT賽事。與AGAE合作，世界撲克巡迴賽將於2024年6月18日至24日首次在永利澳門舉行。
First Quarter 2024 Conference Call
2024 年第一季度電話會議
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).
該公司將於太平洋時間今天下午 2:00 /美國東部時間下午 5:00 舉行電話會議，討論其2024年第一季度的財務業績。參與者可以通過撥打1-877-407-0792（美國）或1-201-689-8263（國際）加入電話會議。
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.
電話會議的網絡直播也將在Allied Gaming & Entertainment的投資者關係網站上播出 ir.alliedgaming.gg。此外，電話會議上提供的財務信息將在Allied Gaming & Entertainment的投資者關係網站上公佈。對於那些無法參加電話會議的人，電話會議結束後不久，即美國東部時間2024年5月27日星期一下午11點59分，也可以撥打1-844-512-2921（美國）或1-412-317-6671（國際）並使用重播密碼：13746377，進行電話重播。
About Allied Gaming & Entertainment
關於 Allied 遊戲與娛樂
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.（納斯達克股票代碼：AGAE）是一家全球體驗式娛樂公司，致力於通過知名資產、產品和服務爲不斷增長的遊戲玩家和音樂會觀衆提供獨特的體驗。欲了解更多信息，請訪問 alliedgaming.gg。
Non-GAAP Financial Measures
非公認會計准則財務指標
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.
作爲我們根據美國公認會計原則（“GAAP”）列報的財務指標的補充，公司提出了某些非公認會計准則的財務業績指標。不應將這些非公認會計准則財務指標與根據公認會計原則編制和列報的財務信息分開考慮，也不能將其作爲替代品，或將其視爲更重要的財務信息。此外，這些非公認會計准則指標也有侷限性，因爲它們不能反映根據公認會計原則確定的與公司經營業績相關的所有項目。非公認會計准則財務指標不能替代公司的GAAP財務業績，其計算方式可能與其他公司提出的類似指標不同。
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.
公司根據公認會計原則提供每股淨收益（虧損）和收益（虧損）。此外，公司還提供息稅折舊攤銷前利潤（定義爲扣除利息（收益）支出、所得稅、折舊和攤銷前的持續經營淨收益（虧損））。公司將 “調整後息稅折舊攤銷前利潤” 定義爲息稅折舊攤銷前利潤，不包括某些非現金和非經常性費用，例如股票薪酬、業務收購交易成本和減值費用。
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.
將來，公司還可能考慮在計算公司使用的非公認會計准則財務指標時是否還應排除其他項目。管理層認爲，這些非公認會計准則財務指標的列報爲投資者提供了更多有用的信息，以衡量公司的財務和經營業績。特別是，這些衡量標準不包括某些可能不代表公司核心業務、經營業績或未來前景的項目，從而有助於比較我們在不同時期的經營業績，並幫助投資者更好地了解公司的經營業績。此外，在評估是否根據可能重大或可能影響對我們持續財務和業務業績或趨勢的理解的項目的影響進行調整時，我們會考慮定量和定性因素。在內部，管理層使用這些非公認會計准則財務指標以及其他指標來評估公司的經營業績，衡量公司當時制定的債務融資協議中任何適用要求的遵守情況，以及進行規劃和預測。
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.
公司的非公認會計准則財務指標並非基於一套全面的會計規則或原則，我們對 “息稅折舊攤銷前利潤” 和 “調整後息稅折舊攤銷前利潤” 的非公認會計准則定義沒有標準化含義。因此，其他公司可能使用相同或相似的衡量標準，但包括或排除不同的項目，這可能無法爲投資者提供公司與其他公司的業績相比的看法。
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.
管理層通過分別考慮這些項目的影響，考慮公司的公認會計原則以及非公認會計准則的財務業績和前景，在非公認會計准則指標之前直接提出最具可比性的公認會計原則指標，以及提供表明和描述所做調整的對賬來彌補因排除這些項目而造成的限制。
Forward-Looking Statements
前瞻性陳述
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.
本通信包含聯邦證券法規定的某些前瞻性陳述。前瞻性陳述可能包括我們關於我們的目標、信念、戰略、目標、計劃的陳述，包括產品和服務開發、未來財務狀況、業績或預測或當前預期。在某些情況下，您可以通過諸如 “可能”、“將”、“應該”、“期望”、“計劃”、“預測”、“相信”、“估計”、“預測”、“潛在”、“打算” 或 “繼續” 等術語來識別前瞻性陳述，此類術語的否定詞或其他類似術語。這些陳述受已知和未知風險、不確定性、假設和其他因素的影響，這些因素可能導致實際結果與前瞻性陳述所設想的結果存在重大差異。這些前瞻性陳述不能保證未來的業績、狀況或結果，涉及許多已知和未知的風險、不確定性、假設和其他重要因素，其中許多因素是我們無法控制的，可能導致實際結果或結果與這些前瞻性陳述中討論的結果存在重大差異。不應將包含此類信息視爲公司或任何人對公司目標將實現的陳述。可能影響實際業績或結果的重要因素包括：與公司未來方向或治理相關的風險；我們執行戰略和業務計劃的能力；接受現有和未來產品和服務所固有的重大不確定性；留住關鍵人員的能力；潛在的訴訟；影響我們服務需求的總體經濟和市場狀況；我們無法進行一項或多項未來的收購或戰略交易；以及我們的能力，或決定不要爲電子競技業務尋求戰略選擇。您應考慮此處可能發表的任何前瞻性陳述中描述的風險領域。AGAE的業務和運營面臨重大風險，這增加了本通報中包含的前瞻性陳述中固有的不確定性。除非法律要求，否則我們沒有義務公開發布對這些前瞻性陳述進行的任何修訂的結果，這些修訂可能反映本聲明發布之日之後的事件或情況或反映意外事件的發生。有關可能影響我們業務和業績的潛在因素的更多信息，請參見 “第 1A 項”。風險因素” 載於我們於2024年3月27日向美國證券交易委員會提交的經修訂的截至2023年12月31日年度的10-K表年度報告以及我們向美國證券交易委員會提交的後續報告。還敦促讀者仔細審查和考慮我們在10-K表年度報告中以及隨後向美國證券交易委員會提交的報告中所做的各種披露。
| 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. | ||||||||
| 聯合遊戲娛樂公司及其子公司 簡明合併資產負債表 | ||||||||
| 3月31日 | 十二月三十一日 | |||||||
| 2024 | 2023 | |||||||
| （未經審計） | ||||||||
| 資產 | ||||||||
| 流動資產 | ||||||||
| 現金和現金等價物 | $ | 7,300,965 | $ | 16,320,583 | ||||
| 短期投資 | 69,642,386 | 56,500,000 | ||||||
| 應收利息 | 1,319,578 | 792,223 | ||||||
| 應收賬款 | 477,790 | 529,369 | ||||||
| 應收貸款 | 1,340,149 | - | ||||||
| 存款，活期部分 | 3,700,000 | 3,700,000 | ||||||
| 預付費用和其他流動資產 | 550,572 | 498,886 | ||||||
| 流動資產總額 | 84,331,440 | 78,341,061 | ||||||
| 受限制的現金 | 5,000,000 | 5,000,000 | ||||||
| 財產和設備，淨額 | 3,608,688 | 3,834,193 | ||||||
| 數字資產 | 49,300 | 49,300 | ||||||
| 無形資產，淨額 | 6,009,070 | 6,254,731 | ||||||
| 存款，非流動部分 | 385,524 | 392,668 | ||||||
| 經營租賃使用權資產 | 5,141,048 | 5,415,678 | ||||||
| 善意 | 12,490,536 | 12,729,056 | ||||||
| 總資產 | $ | 117,015,606 | $ | 112,016,687 | ||||
| 負債和股東權益 | ||||||||
| 流動負債 | ||||||||
| 應付賬款 | $ | 172,975 | $ | 371,830 | ||||
| 應計費用和其他流動負債 | 496,992 | 763,512 | ||||||
| 遞延收入 | 105,650 | 103,748 | ||||||
| 經營租賃負債，流動部分 | 1,484,332 | 1,482,977 | ||||||
| 應付貸款 | 14,856,822 | 9,230,168 | ||||||
| 流動負債總額 | 17,116,771 | 11,952,235 | ||||||
| 經營租賃負債，非流動部分 | 5,191,538 | 5,560,251 | ||||||
| 遞延所得稅負債 | 1,075,620 | 1,096,160 | ||||||
| 負債總額 | 23,383,929 | 18,608,646 | ||||||
| 承付款和或有開支 | ||||||||
| 股東權益 | ||||||||
| A系列優先股，面值0.0001美元，授權50,000股，未發行和流通 | - | - | ||||||
| 優先股，面值0.0001美元，授權1,000,000股，未發行和流通 | - | - | ||||||
| 普通股，面值0.0001美元；授權1億股，截至2024年3月31日和2023年12月31日發行的47,853,097和39,085,470股，截至2024年3月31日和2023年12月31日已發行45,573,313股和36,805,686股已發行股票 | 4,780 | 3,909 | ||||||
| 額外已繳資本 | 205,660,677 | 198,677,132 | ||||||
| 累計赤字 | (115,370,139) | (113,671,029) | ||||||
| 累計其他綜合收益 | 299,880 | 433,565 | ||||||
| 股票認購應收賬款 | (4,597,000) | - | ||||||
| 截至2024年3月31日和2023年12月31日，美國庫存股按成本計算爲2,279,784股 | (2,693,653) | (2,693,653) | ||||||
| 聯合博彩娛樂公司股東權益總額 | 83,304,545 | 82,749,924 | ||||||
| 非控股權益 | 10,327,132 | 10,658,117 | ||||||
| 股東權益總額 | 93,631,677 | 93,408,041 | ||||||
| 負債總額和股東權益 | $ | 117,015,606 | $ | 112,016,687 | ||||
| 所附附附註是這些合併財務報表的組成部分。 | ||||||||
| 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. | |||||||
| 聯合遊戲娛樂公司及其子公司 簡明合併運營報表 （未經審計） | |||||||
| 在已結束的三個月中 | |||||||
| 3月31日 | |||||||
| 2024 | 2023 | ||||||
| 收入： | |||||||
| 面對面 | $ | 1,255,198 | $ | 1,193,330 | |||
| 多平台內容 | 59 | 101 | |||||
| 休閒手機遊戲 | 1,123,804 | - | |||||
| 總收入 | 2,379,061 | 1,193,431 | |||||
| 成本和支出： | |||||||
| 面對面（不包括折舊和攤銷） | 635,963 | 672,222 | |||||
| 多平台內容（不包括折舊和攤銷） | - | 395 | |||||
| 休閒手機遊戲（不包括折舊和攤銷） | 936,905 | - | |||||
| 研究和開發費用 | 195,211 | - | |||||
| 銷售和營銷費用 | 53,688 | 54,598 | |||||
| 一般和管理費用 | 2,857,800 | 2,543,347 | |||||
| 折舊和攤銷 | 374,992 | 578,560 | |||||
| 總成本和支出 | 5,054,559 | 3,849,122 | |||||
| 運營損失 | (2,675,498) | (2,655,691) | |||||
| 其他收入（費用）： | |||||||
| 其他（支出）收入，淨額 | (13,158) | 27,455 | |||||
| 淨利息收入 | 859,205 | 734,449 | |||||
| 淨虧損 | (1,829,451) | (1,893,787) | |||||
| 減去：歸屬於非控股權益的淨虧損 | (130,341) | - | |||||
| 歸屬於普通股股東的淨虧損 | $ | (1,699,110) | $ | (1,893,787) | |||
| 每股普通股淨虧損 | |||||||
| 基礎版和稀釋版 | $ | (0.04) | $ | (0.05) | |||
| 已發行普通股的加權平均數： | 38,863,783 | 37,924,754 | |||||
| 所附附附註是這些合併財務報表的組成部分。 | |||||||
| 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. | |||||||
| 聯合遊戲娛樂公司及其子公司 綜合虧損簡明合併報表 （未經審計） | |||||||
| 在已結束的三個月中 | |||||||
| 3月31日 | |||||||
| 2024 | 2023 | ||||||
| 淨虧損 | $ | (1,829,451) | $ | (1,893,787) | |||
| 其他綜合收益（虧損）： | |||||||
| 外幣折算調整 | (334,329) | 1,880 | |||||
| 綜合損失總額 | (2,163,780) | (1,891,907) | |||||
| 減去：歸屬於非控股權益的淨虧損 | (130,341) | - | |||||
| 減去：歸因於非控股權益的其他綜合虧損 | (200,644) | - | |||||
| 歸屬於普通股股東的綜合虧損 | $ | (1,832,795) | $ | (1,891,907) | |||
| 所附附附註是這些合併財務報表的組成部分。 | |||||||
| 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) | |||
| 非公認會計准則財務指標 | |||||||
| 息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤是非公認會計准則財務指標，不應被視爲淨收益（虧損）、營業收益（虧損）或根據美國公認會計原則（“GAAP”）得出的任何其他業績衡量標準的替代品，也不得視爲經營活動提供的淨現金的替代品，以衡量AGAE的盈利能力或流動性。AGAE的管理層認爲，息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤很有用，因爲它們允許其財務報表的外部用戶，例如行業分析師、投資者、貸款人和評級機構，更有效地評估其經營業績，將其各期的運營業績與AGAE的同行進行比較，而不考慮AGAE的融資方法、對沖頭寸或資本結構，還因爲它突顯了僅依賴AGAE的業務趨勢，否則這些趨勢可能不明顯關於公認會計原則的衡量標準。AGAE之所以公佈息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤，是因爲它認爲息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤是衡量其業績的重要補充指標，其他人經常使用這些指標來評估該行業的公司。由於息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤不包括一些影響淨收益（虧損）的項目，並且可能因公司而異，因此AGAE提出的息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤AGAE可能無法與其他公司的類似標題的指標相提並論。AGAE將息稅折舊攤銷前利潤定義爲扣除利息、所得稅、折舊和無形資產攤銷前的收益。AGAE將調整後的息稅折舊攤銷前利潤定義爲不包括股票薪酬的息稅折舊攤銷前利潤。 | |||||||
| 下表顯示了息稅折舊攤銷前利潤和調整後息稅折舊攤銷前利潤與淨虧損的對賬情況，這是AGAE根據公認會計原則計算和列報的最直接可比的財務指標。 | |||||||
| 三個月已結束 3月31日 | |||||||
| 2024 | 2023 | ||||||
| 歸屬於普通股股東的淨虧損 | $ | (1,699,110) | $ | (1,893,787) | |||
| 淨利息收入 | (859,205) | (734,449) | |||||
| 折舊和攤銷 | 374,992 | 578,560 | |||||
| EBITDA | (2,183,323) | (2,049,676) | |||||
| 股票補償 | 471,600 | 5,126 | |||||
| 調整後 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
投資者聯繫人：
泰勒·德魯
Addo 投資者關係
agae@addo.com
310-829-5400
Source: Allied Gaming & Entertainment, Inc.
來源：Allied Gaming & Entertainment
Released May 20, 2024
2024 年 5 月 20 日發佈