{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-038557","form_type":"8-K","ticker":"AGAE","cik":"0001708341","company_name":"Allied Gaming & Entertainment Inc.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.146214+00:00","generated_at":"2026-06-15T04:22:13.677321+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Allied Gaming Q1 net loss narrows to $1.9M; revenue down 50% YoY to $1.2M","bullets":["Revenue $1.2M, down 50% YoY from $2.4M due to timing of ELEVATED series.","Net loss $1.9M vs $3.8M in Q1 2022; adjusted EBITDA loss $2.0M, 20% improvement.","Cash and short-term investments $84.4M; working capital $75.6M.","Bought back 1.1M shares at avg $1.26 for $1.43M in Q1.","Subsequent: Season 2 of ELEVATED premiered May 3; HyperX/HP naming rights extended."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-038557","json":"https://secwatch.observer/filing/0001213900-23-038557.json","markdown":"https://secwatch.observer/filing/0001213900-23-038557.md","text":"https://secwatch.observer/filing/0001213900-23-038557.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1708341/000121390023038557/0001213900-23-038557-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1708341/000121390023038557/ea178353-8k_alliedgaming.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T04:22:13.677321+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":"4f25d4243279a2e90f9dcdc5d2bc18ad9a3352c9","claim":"Allied Gaming & Entertainment Inc. reported the first quarter ended March 31, 2023 results: revenue $1.2 million, net income $1.9 million.","evidence_excerpt":"First Quarter 2023 Financial Results Revenues: Total revenues of $1.2 million were relatively flat from the fourth quarter of 2022 and down from $2.4 million in the first quarter of 2022. The year-over-year decline was primarily attributable to the timing of the Company’s original content series, ELEVATED , which recognized revenues for Season 1 in the first quarter of 2022 and is expected to recognize revenues for Season 2 in the second quarter of 2023. Costs and expenses: Total costs and expenses were $3.8 million, a decrease of 38% compared to the first quarter of 2022. The decrease was in large part due to a 26% reduction in general & administrative expenses, principally cash, severance and stock-based compensation, as well as the aforementioned timing and related expense recognition of ELEVATED. Net loss for the first quarter of 2023 was $1.9 million compared to a net 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/1708341/000121390023038557/0001213900-23-038557-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$1.2 million"},{"label":"Net income","value":"$1.9 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"}