{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-022443","form_type":"8-K","ticker":"AGAE","cik":"0001708341","company_name":"Allied Gaming & Entertainment Inc.","filed_at":"2023-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.223644+00:00","generated_at":"2026-06-17T18:45:52.294620+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"AGAE: FY2022 revenue up 28% to $6.4M; loss from continuing ops narrows to $10.8M","bullets":["Full year revenue $6.4M, +28% YoY, driven by live events and sponsorship.","Loss from continuing operations $10.8M vs $15.1M in 2021; adjusted EBITDA loss $8.6M vs $10.5M.","Q4 revenue $1.2M, down 37% YoY due to prior-year live-streaming partnership; Q4 loss improved 55% to $1.7M.","Cash and short-term investments $86.8M at Dec 31, 2022; working capital $79.1M; 39.1M shares outstanding.","Board authorized $10M stock repurchase program; 581,746 shares bought back in Q4 at avg $1.02."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-022443","json":"https://secwatch.observer/filing/0001213900-23-022443.json","markdown":"https://secwatch.observer/filing/0001213900-23-022443.md","text":"https://secwatch.observer/filing/0001213900-23-022443.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1708341/000121390023022443/0001213900-23-022443-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1708341/000121390023022443/ea175659-8k_alliedgaming.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T18:45:52.294620+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"64049b91b4ab5237b753fa7c6c72bc8f4ab04d0d","claim":"Allied Gaming & Entertainment Inc. reported the fiscal quarter ended December 31, 2022 results: revenue Total revenues of $1.2 million, net income loss from continuing operations in the fourth quarter, which was $1.7 million.","evidence_excerpt":"Total revenues of $1.2 million decreased 37% for the fourth quarter of 2022 compared to the fourth quarter of 2021. The decline from the fourth quarter of 2021 was driven by the non-recurring nature of our 2021 live-streaming partnership with Trovo. Costs and expenses: Total costs and expenses for the fourth quarter of 2022 were $3.8 million, a decrease of 33% compared to the fourth quarter of 2021. The net decrease in costs and expenses is primarily due to a $1.4 million, or a 41%, reduction in general and administrative expenses, consisting primarily of a decline in corporate professional fees and compensation expense at our Las Vegas arena and within our European operations. The effort in reducing AGAE’s expenses has significantly improved the Company’s loss from continuing operations in the fourth quarter, which was $1.7 million compared to a loss of $3.8 million in the prior year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1708341/000121390023022443/0001213900-23-022443-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended December 31, 2022"},{"label":"Revenue","value":"Total revenues of $1.2 million"},{"label":"Net income","value":"loss from continuing operations in the fourth quarter, which was $1.7 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"77943106b8e5d63ca19d3120a48134dc682de797","claim":"Allied Gaming & Entertainment Inc. reported the fiscal year ended December 31, 2022 results: revenue Total revenues of $6.4 million, net income loss from continuing operations was $10.8 million.","evidence_excerpt":"Total revenues of $6.4 million increased 28% in 2022 compared to 2021. The increase in revenue year-over-year was primarily driven by an increase in sponsorship revenue and revenue from live-events that took place at our HyperX Arena and within our Allied Esports Truck operations. Costs and expenses: Total costs and expenses were $18.1 million in 2022, a decrease of 13% compared to 2021. The net decrease in costs and expenses is primarily due to a $2.6 million, or 20%, reduction in general and administrative expenses, consisting principally of stock based compensation to a former CEO, corporate payroll, and bonuses & professional fees related to the sale of WPT®, a $1.2 million or 38% reduction in depreciation and amortization expense, and a $0.3 million reduction in our multi-platform content costs, partially offset by a $1.3 million or 35% increase in our In-person pillar expenses related to the strong post-pandemic recovery of our live events. Our 2022 loss from continuing operation","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1708341/000121390023022443/0001213900-23-022443-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"Total revenues of $6.4 million"},{"label":"Net income","value":"loss from continuing operations was $10.8 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}