HOFV reports Q1 revenue up 34% to $4.2M; net loss narrows to $14.9M

Hall of Fame Resort & Entertainment Co

2024-Q1 EPS reported -$2.30 revenue$4,191,315

Revenue $4.2M (+34% YoY); net loss attributable to shareholders $14.9M vs $19.6M loss in Q1 2023.
Adjusted EBITDA loss $2.9M vs $10.9M loss YoY; improvement driven by lower op expenses.
FY2024 guidance: revenue $24-27M, adjusted EBITDA loss in mid-teens.
Cash $6.9M including $4.2M restricted; down from $11.8M at Dec 31, 2023.
Opened new tenants Driven Elite Fitness and Heggy's Nut Shop; full year event calendar includes Carrie Underwood.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hall of Fame Resort & Entertainment Co reported the quarter ended March 31, 2024 results: revenue $4.2 million, net income $14.9 million, EPS ($2.30).

Period: the quarter ended March 31, 2024
Revenue: $4.2 million
Net income: $14.9 million
EPS: ($2.30)
Result: reported results

Exact text from the filing

First quarter revenue was $4.2 million, an increase of 34% compared to the same period in the prior year

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Source: SEC EDGAR

accession 0001213900-24-042573

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