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Enthusiast Gaming Holdings Inc T.EGLX

Alternate Symbol(s):  EGLXF

Communication Services Financial Services Asset Management Software - Application eGaming
Enthusiast Gaming Holdings Inc. is a Canada-based gaming media and entertainment company. The Company’s principal business activities are comprised of media and content, entertainment and esports. The Company’s digital media platform includes video gaming related websites, YouTube channels and a library of casual games. The Company’s esports division, Luminosity Gaming Inc. (Luminosity), is a global esports franchise that consists of professional esports teams under ownership and management, including the Vancouver Titans Overwatch team and the Seattle Surge Call of Duty team. The Company’s entertainment business owns and operates a mobile gaming event in Europe, Pocket Gamer Connects. Its subsidiaries include GameCo Esports Canada Inc., GameCo eSports USA Inc., Luminosity Gaming Inc., Luminosity Gaming (USA) LLC, Enthusiast Gaming Properties Inc., Enthusiast Gaming Inc., Enthusiast Gaming Live Inc., Enthusiast Gaming Media (US) Inc., TeachMe, Inc., Outplayed, Inc. and others.


TSX:EGLX - Post by User

Enthusiast Gaming Holdings Inc > New Press Release - Enthusiast Gaming Reports Q1 2024 Results
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Comment by Puma1backon May 15, 2024 7:29pm
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Post# 36042290

RE:New Press Release - Enthusiast Gaming Reports Q1 2024 Results

RE:New Press Release - Enthusiast Gaming Reports Q1 2024 Results

well, add the $4 million from the sale and they had just about $2 million in the bank so going into Q2 they had $6 million.

cash run rate was pretty high at $5 million and is about 50% higher than 2023 full year cash burn from operations of minus $2.8 million. It will be interesting to see the Q 2 operational cash flows. Assuming the anomoly of Q1 burn , probably a year in the bank if they can negotiate the covenant breach away?

they disclose in the press release that they expect a path to profitability in 2024. That is dicy, it doesn't pull out the terminology of last year of actual profitability, although we know where that ended.

flip a coin - makes it or toast. 
 

 




 

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