secwatch.observer — SEC 8-K summary
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Issuer:     Allied Gaming & Entertainment Inc. (AGAE)
CIK:        0001708341
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001213900-23-022443
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AGAE: FY2022 revenue up 28% to $6.4M; loss from continuing ops narrows to $10.8M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708341/000121390023022443/0001213900-23-022443-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708341/000121390023022443/ea175659-8k_alliedgaming.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-022443

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer