Enthusiast Gaming Holdings Inc T.EGLX

Enthusiast Gaming Posts Q2 Revenues of $37.1 Million, Net Lo

[AwareInvestor]

Enthusiast Gaming last night reported its second quarter financial results, posting revenues of $37.1 million. Despite making gains on a quarter over quarter basis in terms of revenue, the company still posted a net loss that was relatively unchanged from the prior quarter.

https://thedeepdive.ca/enthusiast-gaming-posts-q2-revenues-of-37-1-million-net-loss/

[Niceneasydoesit]

The mantra was profitable growth. This has evaporated. They are paying themselves first. Not shareholder friendly. Glad to be  on the sidelines

[TreeDaddy]

I don't think you know what you're talking about. Management has been explicit, discussed in interviews, about the fact that they are in a growth stage and don't expect a profit until 2022. When you say their mantra is profit, you must not be paying attention.

[Niceneasydoesit]

Please don't truncate my statement. I said profitable growth; which was their claim. See Seeking Aplha analysis recently added re EGLX that echoes my thoughts

[TreeDaddy]

You are wrong: EGLX has not promised profitable growth in these early stages. Please move on and keep to discussing stocks you know, if any. Because you obviously don't know this one. Watch for example their interview with Jonah Lupton at 32:45. Adrian says their acquisition strategy is like buying beach front real estate in Miami in 2009, "you've got to focus on the growth."