GameSquare FY23 EPS $(2.81) Vs $(3.26) YoY; Revenue $52M Vs $28.1M YoY
Author: Benzinga Newsdesk | April 16, 2024 04:12pm
Twelve months ended December 31, 2023, compared to December 31, 2022
- Revenue of $52.0 million, compared to $28.1 million
- Gross profit of $13.4 million, compared to $9.7 million
- Net loss of $31.3 million, compared to a net loss of $18.1 million
- Adjusted EBITDA loss of $15.0 million, compared to a loss of $13.2 million
- Adjusted EBITDA loss was 28.8% of revenue versus 47.2% of revenue last year
2024 Annual Guidance
- Management expects over $100 million in annual revenue and annual gross margin to range between 22.5% to 27.5% for 2024
- 2024's annual guidance is based on a pro-forma basis and includes a full 12 months of contribution from FaZe Clan, which was acquired on March 7, 2024.
Posted In: GAME
