Super League Enterprise, Inc. (SLE): auditor change — Super League reports record Q4 revenue $9.5M (+34% YoY), restates Q3 2023 EPS

Super League Enterprise, Inc.

Q4 2023 revenue record $9.5M (+34% YoY); full year revenue $25.1M (+27% YoY).
Audit committee: Q3 2023 10-Q unreliable due to error in down round feature on Series AA Preferred Stock affecting EPS; no impact on total assets/revenues/net loss.
Co-founder David Steigelfest to step down as officer and director effective April 1, 2024; no disagreement.
Sale of Minehut business in March 2024 enables further expense reduction; company streamlined operations.

item 2.02 item 4.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

David Steigelfest

Chief Platform Officer

SLE · Super League Enterprise, Inc.

Effective: 2024-04-01
Filed: March 27, 2024, 7:59 PM ET

On March 22, 2024, the Company and David Steigelfest, our co-founder, chief platform officer, corporate secretary, and member of the board of directors, agreed that Mr. Steigelfest would conclude his tenure as an officer and director of the Company effective April 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Super League Enterprise, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

”), as filed with the Securities and Exchange Commission (the “SEC”) on November 11, 2024, and any reports, related earnings releases, investor presentations or similar communications of the Company’s Third Quarter 10-Q should no longer be relied upon, as described below. The determination resulted from an error made in the Company's unaudited consolidated financial statements for the three and nine months ended September 30, 2023, as previously filed in the Third Quarter 10-Q, arising from the exclusion of the calculated noncash value of the effect of the down round feature triggered in August of 2023 on the Company’s Series AA Convertible Preferred Stock, which should have been recorded as a noncash charge directly to accumulated deficit and a noncash reduction to income available to common stockholders in the computation of earnings per share. In connection with the Company’s year-end

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Super League Enterprise, Inc. reported preliminary financial results for fiscal quarter and year ended December 31, 2023.

Period: fiscal quarter and year ended December 31, 2023
Result: preliminary results

Exact text from the filing

On March 27, 2024, Super League Enterprise, Inc. (the " Company ") released its preliminary financial results for the fiscal quarter and year ended December 31, 2023

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Executive change SEC 8-K Item 5.02 confidence 0.95

David Steigelfest resigned as Chief Platform Officer at Super League Enterprise, Inc..

Action: resigned
Role: Chief Platform Officer

Exact text from the filing

On March 22, 2024, the Company and David Steigelfest, our co-founder, chief platform officer, corporate secretary, and member of the board of directors, agreed that Mr. Steigelfest would conclude his tenure as an officer and director of the Company effective April 1, 2024.

View on SEC.gov

53 auditor changes filed in the last 30 days. Browse all auditor changes →

Super League Enterprise, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-009632

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