AGAE Q1 revenue doubles to $2.4M; net loss narrows to $1.8M

Allied Gaming & Entertainment Inc.

2024-Q1 EPS reported -$0.04 revenue$2,379,061

Total revenue of $2.4M, up 99% YoY, driven by Z-Tech casual mobile gaming investment.
Net loss improved to $1.8M from $1.9M; adjusted EBITDA loss narrowed to $1.7M from $2.0M.
Cash and short-term investments were $83.3M at March 31, 2024, up from $78.6M at Dec 31, 2023.
Allied Esports hosted 63 events in Q1; partnership with WPT and Wynn Macau for June 2024 event.

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