earnings
confidence high
sentiment positive
materiality 0.75
GameSquare preliminary Q3 revenue >$26.5M, raises FY2024 guidance to $105-110M; Nasdaq bid price warning
GameSquare Holdings, Inc.
2024-Q3 EPS reported
-$0.85
revenue$72,728,415
- Preliminary Q3 revenue estimated >$26.5M; adjusted EBITDA loss ~$2.4M, improving $3.0M from Q2 2024.
- FY2024 proforma revenue guidance raised to $105-110M from $100M; nine-month proforma revenue $78.6M.
- Q3 gross margin ~18% vs 14.8% in Q2; expects $18M+ cost savings from FaZe Clan acquisition in 2024.
- Received Nasdaq notice on Oct 16 for bid price below $1 for 30 days; compliance period until April 14, 2025.