AGAE Earnings Prediction
The chart below shows how AGAE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AGAE sees a +4.13% change in stock price 10 days leading up to the earnings, and a -3.25% change 10 days following the report. On the earnings day itself, the stock moves by -2.56%. This data can give you a slight idea of what to expect for the next quarter's release.
AGAE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.16M
93.18%
-18.04%
Gross Margin
17.40%
-36.19%
164.44%
Operating Margin
-54.57%
-4.55%
-72.77%
Net Margin
-186.21%
-2870.98%
26.60%
EPS
-0.11
--
22.22%
No Data Available
AGAE Earnings Analysis
Allied Gaming & Entertainment Inc. Common Stock Corporation (AGAE.O) Earnings Conference Call
Positive
Revenue Surge Q3 2024: Total revenues for the third quarter of 2024 were $2.2 million, up 93% from the third quarter of 2023.
Revenue Increase Drivers: The increase in year-over-year revenue was primarily due to higher casual mobile gaming revenues with Z-Tech integrated into the business as well as an increase in in-person revenues following strong demand at both the HyperX and Open Mobile arenas.
EBITDA Loss Improvement: Our adjusted EBITDA loss was $0.1 million and improved from a loss of $0.3 million in the third quarter of 2023.
Cash and Investments Increase: At September 30, 2024, our cash and short-term investments totaled $80.2 million compared to $78.6 million at December 31, 2023.
Working Capital Surplus Decline: Our working capital surplus, defined as current assets minus current liabilities, was $62.8 million at September 30, 2024 compared to $66.4 million at December 31, 2023.
Negative
Revenue Surge Q3 2024: Total revenues for the third quarter of 2024 were $2.2 million, up 93% from the third quarter of 2023.
Cost Increase Analysis: Total cost and expenses for the third quarter were $3.3 million, an increase from $1.8 million in the prior year period.
Net Loss Comparison: Our net loss was $4.0 million for the third quarter of 2024 compared to net income of $0.1 million in the third quarter of 2023.
Cost and Expense Increase: The increase in costs and expenses were primarily driven by our investment in Z-Tech in the fourth quarter of 2023, along with an employee retention credit that was received and recorded as a reduction of payroll tax expense in the prior year period.
Cash and Working Capital Impact: Our cash and working capital positions were impacted by the aforementioned settlement agreement with BPR, under which $5 million of escrow funds under a 2020 share purchase agreement were redistributed.
AGAE FAQs
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AGAE Earning Call Sentiment
Allied Gaming & Entertainment Inc. (AGAE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AGAE.O
0.96%Positive
The earnings call indicates positive revenue growth and strategic partnerships, but these are overshadowed by significant risks and financial concerns. The net loss increased, and there are substantial operational cost risks. Additionally, the absence of a shareholder return plan and the legal and financial risks, including a $3 million settlement loss, are concerning. The Q&A section did not provide clarity on these issues, suggesting uncertainty. Despite positive revenue growth, the risks and financial challenges suggest a negative sentiment, likely leading to a stock price decrease of -2% to -8%.