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

Reported Q: Q3 2024 Rev YoY: +93.2% EPS YoY: -5,600.0% Move: -3.38%

Allied Gaming

AGAE

$0.303 -3.38%

Exchange NASDAQ Sector Communication Services Industry Entertainment

Q3 2024

Published: Nov 14, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for AGAE

Reported

Report Date

Nov 14, 2024

Quarter Q3 2024

Revenue

2.16M

YoY: +93.2%

EPS

-0.11

YoY: -5,600.0%

Market Move

-3.38%

Previous quarter: Q2 2024

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Earnings Highlights

Revenue of $2.16M up 93.2% year-over-year
EPS of $-0.11 decreased by 5% from previous year
Gross margin of 36.0%
Net income of -4.03M
""The first season will kick-off with two satellite events, one in Los Angeles and the other in Beijing where we expect significant interest building up to the Finale."" - Yinghua Chen

AGAE

Allied Gaming Entertainment Inc

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 7, 2026

Executive Summary

In the third quarter of 2024, Allied Gaming Entertainment Inc (AGAE) demonstrated remarkable operational growth, achieving a 93% year-over-year increase in revenue, totaling $2.2 million. Despite this impressive growth, the company reported a net loss of $4 million, compared to a net income of $0.1 million in Q3 2023, largely due to strategic investments and significant one-time expenses related to legal settlements and unrealized losses. CEO Yinghua Chen emphasized the success of their HyperX Arena and the launch of the World Mahjong Tour, reflecting a focus on both esports and traditional gambling sectors. The company remains committed to refining its mobile gaming offerings and expanding its event hosting capabilities, which positions it well for future growth opportunities.

Key Performance Indicators

Revenue

Increasing

2.16M

QoQ: -18.03% | YoY: 93.22%

Gross Profit

Increasing

779.97K

36.04% margin

QoQ: 35.29% | YoY: 155.42%

Operating Income

Decreasing

-1.18M

QoQ: 77.67% | YoY: -84.46%

Net Income

Decreasing

-4.03M

QoQ: -5.92% | YoY: -5 453.11%

EPS

Decreasing

-0.11

QoQ: -25.00% | YoY: -5 600.00%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $2.2 million, up 93% YoY, down 18.03% QoQ
Gross Profit: $779,971 (Gross Profit Margin: 36%)
Net Income: -$4 million (Net Income Margin: -1.86%)
Operating Income: -$1.18 million (Operating Income Margin: -54.57%)
Adjusted EBITDA: -$0.1 million
Cash Position: $10.9 million at end of Q3, down from $38.3 million at start of period
Current Ratio: 2.57
Debt Position: Total Liabilities of $45.3 million, with a debt-to-equity ratio of 0.58.
The key metrics reflect a company under strategic transition, focusing on growth in revenue yet facing pressure from heightened expenditures.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	2.16M	93.22%	-18.03%
Gross Profit	779.97K	155.42%	35.29%
Operating Income	-1.18M	-84.46%	77.67%
Net Income	-4.03M	-5 453.11%	-5.92%
EPS	-0.11	-5 600.00%	-25.00%

Key Financial Ratios

Gross Profit Margin

Good

52.20%

Gross profit margin is healthy and competitive within industry standards

Operating Profit Margin

Weak

-0.55%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-1.86%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.03%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.05%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

2.57

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Moderate

0.58

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Negative

-3.16x

Negative earnings make P/E ratio not meaningful

Price to Book

Undervalued

0.69x

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) Q3 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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