Quick answer: latest quarter results, by ticker or company name

Reported Q: Q1 2024 Rev YoY: +99.4% EPS YoY: +12.4% Move: -3.38%

Allied Gaming

AGAE

$0.303 -3.38%

Exchange NASDAQ Sector Communication Services Industry Entertainment

Q1 2024

Published: May 20, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for AGAE

Reported

Report Date

May 20, 2024

Quarter Q1 2024

Revenue

2.38M

YoY: +99.4%

EPS

-0.04

YoY: +12.4%

Market Move

-3.38%

Previous quarter: N/A

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Earnings Highlights

Revenue of $2.38M up 99.4% year-over-year
EPS of $-0.04 increased by 12.4% from previous year
Gross margin of 18.1%
Net income of -1.70M
"We are actively seeking to streamline our operations and leverage our existing assets to recover profitability. The esports space continues to grow, and we see opportunities to capitalize on this momentum." - Frank Ng

AGAE

Allied Gaming Entertainment Inc

Period Q1 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 7, 2026

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Executive Summary

In the first quarter of 2024, Allied Gaming Entertainment Inc (AGAE) reported a revenue of $2.38 million, reflecting a year-over-year increase of 99.35% and a quarter-over-quarter rise of 14.73%. However, the company continues to experience operational challenges, including substantial net losses of $1.70 million and negative EBITDA of $2.30 million. These results depict a mixed performance, where robust revenue growth is overshadowed by high operational costs and a pressing need for effective management of expenses. Management emphasized in the earnings call the company's commitment to enhancing operational efficiency and exploring new revenue streams through esports and related entertainment properties.

Key Performance Indicators

Revenue

Increasing

2.38M

QoQ: 14.73% | YoY: 99.35%

Gross Profit

Decreasing

431.20K

18.12% margin

QoQ: 98.88% | YoY: -17.21%

Operating Income

Decreasing

-2.68M

QoQ: -40.19% | YoY: -0.75%

Net Income

Increasing

-1.70M

QoQ: -56.51% | YoY: 10.28%

EPS

Increasing

-0.04

QoQ: -49.66% | YoY: 12.42%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue rose to $2,379,061, while gross profit was recorded at $431,201, yielding a gross margin of 18.1%. Despite the revenue improvements, net income fell to -$1,699,110, representing a 10.28% year-over-year increase from losses reported in Q1 2023. Operating loss for the quarter was -$2,675,500, highlighting ongoing structural inefficiencies. Other noteworthy figures include a current ratio of 4.93, indicating strong short-term liquidity, and a quick ratio of 4.93, reinforcing the companyâ€™s ability to meet immediate obligations. Cash and cash equivalents at the end of the period stood at $7.30 million, though cash flow from operations was negative at -$2.15 million, reflecting ongoing cash burn.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	2.38M	99.35%	14.73%
Gross Profit	431.20K	-17.21%	98.88%
Operating Income	-2.68M	-0.75%	-40.19%
Net Income	-1.70M	10.28%	-56.51%
EPS	-0.04	12.42%	-49.66%

Key Financial Ratios

Gross Profit Margin

Weak

18.10%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

-1.13%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.71%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.01%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.02%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

4.93

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Conservative

0.26

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Negative

-5.13x

Negative earnings make P/E ratio not meaningful

Price to Book

Undervalued

0.42x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	2.28	-0.11	-4.4%	View
Q4 2024	1.90	-0.19	-8.5%	View
Q3 2024	2.16	-0.11	+93.2%	View
Q2 2024	2.64	-0.09	-19.2%	View
Q1 2024	2.38	-0.04	+99.4%	View

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Allied Gaming (AGAE) Q1 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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