GameSquare Q3 revenue $26.4M (+10% YoY proforma); Adj EBITDA loss $2.2M; secures $13.25M financing

GameSquare Holdings, Inc.

2024-Q3 EPS reported -$0.85 revenue$72,728,415

Q3 2024 revenue $26.4M, gross margin 19.8% vs 14% YoY proforma; net loss $5.5M.
Adjusted EBITDA loss $2.2M, improved from $10.4M loss in prior-year proforma period.
Annual guidance: proforma revenue $105-110M; expects continual quarterly profitability improvements.
Entered note purchase agreement: $3.25M promissory note at 7.5% and $10M convertible note at 7.5%, convertible at $2.50/share or exchangeable for FaZe Media shares.
Proceeds from initial closing ($3.25M) to repay obligations and for working capital; second closing (~$10M) expected Dec 15, 2024.

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