The Marquie Group Inc (TMGI) Q3 2024 Earnings Report

The Marquie Group Inc’s QQ3 2024 results depict a distressed operational profile with a clear cash burn trajectory and a leveraged balance sheet. The quarter shows an operating loss of $128,100 and a reported EBITDA of $(330,162), driven largely by high non-operating charges and interest expense of $128,553. Net income for the quarter came in at $(458,936), with a heavy contribution from total other income/expenses of $(330,836). Revenue is not disclosed in the period, limiting top-line visibility and complicating assessment of underlying operating progress. Ending cash stood at $2,162, a negligible level given the company’s current liabilities of $6.46 million and total debt of $3.63 million, leaving creditors and equity holders exposed to continued liquidity risk.

The quarter’s results are heavily influenced by non-cash/non-operating items and a valuation-intensive balance sheet (long-term investments of $6.2 million and negative equity). The reported metrics reveal severe liquidity constraints (current ratio 0.0003; quick ratio 0.0002; cash ratio 0.0003) and a debt burden that eclipses cash generation capability. While there are occasional non-operating income items in prior quarters (e.g., Q1 2024 total other income/expenses of $430,625 and Q4 2023 of $435,051), the operating engine remains weak, with operating cash flow of $(71,475) for the period and free cash flow of $(71,476).

Given the absence of explicit management guidance in the data, the outlook hinges on external financing, potential restructuring of the cost base, and any forthcoming monetization of noncore assets. The longer-term investment thesis, if any, depends on a credible plan to restore operating profitability, stabilize liquidity, and de-lever the balance sheet. In the near term, the stock carries substantial risk, and investors should monitor liquidity catalysts, debt maturities, and any strategic pivots announced by management.