secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2025-11-19T23:59:59+00:00
Accession:  0001437749-25-035759
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Super League Q3 revenue $2.4M, gross margin 45%; completed $20M private placement, zero debt
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- Q3 2025 revenue $2.4M; gross margin 45% (up from 39% YoY); non-cash operating expenses down 29%.
- Cash-based operating losses narrowed 23% YoY; management reiterates path to Adjusted EBITDA profitability.
- Completed $20M private placement (Evo Fund lead $10M); zero debt; strongest balance sheet in years.
- Restored full Nasdaq compliance; exploring digital asset economy strategies with Evo Fund.
- Roblox campaigns 42% of revenue (down from 57% in 2024); mobile ads 15%; brand partners include Google, Panda Express, Lionsgate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000143774925035759/0001437749-25-035759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000143774925035759/slgg20251118_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-035759

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