AGAE Q3 revenue up 93% to $2.2M; net loss widens to $4.0M on settlement and FX losses

Allied Gaming & Entertainment Inc.

2024-Q3 EPS reported -$0.24 revenue$7,182,470

Revenue $2.2M, up 93% YoY; driven by HyperX Arena (+$0.2M) and casual mobile gaming (+$0.8M) via Z-Tech.
Net loss $4.0M (vs income $0.1M a year ago) from $3.0M BPR settlement payment and $1.2M unrealized FX losses (mostly reversed in Oct).
Adjusted EBITDA loss narrowed to $0.1M from $0.3M in Q3 2023.
Cash and short-term investments $80.2M; working capital $62.8M; shares outstanding 38.1M.
Post-quarter strategic investment from Yellow River Global Capital to pursue location-based entertainment opportunities.

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