RE:New Press Release - Enthusiast Gaming Reports Q2 2024 ResultsToo bad the statement of cash flows was for the 6 months ended June - so picking the delta from March
1) operations burned about 3 million - down about 35% from Q1.
2) debt pulse and leases down to $300k from $420k -
3) generated $4 mil from assets sales and distributions from investments
4) bottom line is they generated some $450k in the qtr instead of burning $5 million.
5) balance sheet is still ugly and we have been nice to see a proforma B/S after effect of the financing raise in July.
6) Q2 still had limited impact of cost cutting whereas Q3 will show something more like the real burn or generation cash rate.