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Super League Announces Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-11-14 21:20
Core Insights - Super League reported a narrowing of net loss per share in Q3 2024, indicating improved operational efficiency through a significant reduction in operating expenses [1][2] - The company entered a transformative agreement with Infinite Reality, which is expected to reshape its business model and enhance its asset portfolio [2][3] Financial Performance - Revenue remained relatively flat in Q3 2024, but the company achieved a 30% reduction in proforma operating expenses compared to the same quarter last year [2] - There was a 27% reduction in proforma net loss for the same period, showcasing progress towards profitability [2] Strategic Developments - The merger with Infinite Reality will provide Super League with a worldwide perpetual license to produce events and sell sponsorships for the Drone Racing League, which has over 100 million young fans globally [3] - The acquisition of Thunder Studios, TalentX, and Fearless Media is expected to enhance Super League's reach and digital marketing capabilities [3] Market Positioning - Super League is experiencing a positive shift in its business model, with blue-chip brands increasingly choosing the company for immersive and interactive solutions [4] - The company is focusing on higher-margin pop-up experiences and a leaner cost structure to drive recurring revenues and profitability [4] Future Outlook - The integration of Infinite Reality's audience assets is anticipated to position Super League as a leading global entertainment network, capitalized for growth [5] - The company aims to redefine gaming as a digital media channel, leveraging its partnerships with global brands to scale market adoption [5]
Super League Enterprise (SLE) Moves to Buy: Rationale Behind the Upgrade
ZACKS· 2024-08-23 17:01
Investors might want to bet on Super League Enterprise (SLE) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a chang ...
Super League Enterprise(SLE) - 2024 Q2 - Quarterly Results
2024-08-21 20:27
Financial Performance - Super League Enterprise, Inc. reported financial results for the fiscal quarter ended June 30, 2024, with significant operating highlights discussed in the earnings press release[3]. - The earnings press release and letter to shareholders were made available on the company's website, providing detailed insights into financial performance[3]. - Specific financial metrics and user data were not disclosed in the provided documents, indicating a focus on qualitative insights rather than quantitative specifics[3]. Company Classification and Compliance - The company is classified as an emerging growth company under the Securities Act of 1933, indicating it may have different reporting requirements[1]. - The report was signed by Chief Financial Officer Clayton Haynes, ensuring accountability and compliance with regulatory requirements[6]. - The filing is intended to satisfy the obligations under the Securities Exchange Act of 1934, ensuring transparency for investors[1]. Strategic Initiatives and Growth - The company is actively engaged in strategic initiatives to enhance its market position and operational efficiency[5]. - The company continues to explore opportunities for market expansion and potential acquisitions to drive growth[5]. - The Chief Executive Officer, Ann Hand, emphasized the importance of innovation and new product development in the shareholder letter[3]. Forward-Looking Statements - The report includes forward-looking statements regarding the company's plans and expectations, highlighting potential risks and uncertainties[5].
Super League Enterprise(SLE) - 2024 Q2 - Earnings Call Transcript
2024-08-15 23:33
Super League Enterprise, Inc. (NASDAQ:SLE) Q2 2024 Results Conference Call August 15, 2024 5:00 PM ET Company Participants Ann Hand - CEO Conference Call Participants Scott Buck - H.C. Wainwright Jack Codera - Maxim Group Howard Halpern - Taglich Operator Greetings, and welcome to the Super League Second Quarter 2024 Conference Call. Please note, this conference is being recorded. Before we begin, I'd like to caution listeners that comments made by management during this call may include forward-looking sta ...
Super League Enterprise (SLE) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-08-15 00:06
Super League Enterprise (SLE) came out with a quarterly loss of $0.60 per share versus the Zacks Consensus Estimate of a loss of $0.62. This compares to loss of $3.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.23%. A quarter ago, it was expected that this company would post a loss of $1.18 per share when it actually produced a loss of $1, delivering a surprise of 15.25%. Over the last four quarters, the company has sur ...
Super League Enterprise(SLE) - 2024 Q2 - Quarterly Report
2024-08-14 21:10
Table of Contents Emerging growth company ☒ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF 1934 From the transition period from to Commission File Number 001-38819 SUPER LEAGUE ENTERPRISE, INC. (Exact name of small business issuer as specified in its charter) ...
Super League Announces Second Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-08-14 20:51
~ Q2 2024 Highlighted by Launch of Innovative Scalable Products, SOUNDZ and Unlockables, New Dedicated Worlds and a Strategic Partnership with Meta-Stadiums~ ~ Net Loss Improvement in Q2 2024 Attributable to Reduced Spend Paves the Way for First Profitable Quarter in Q4 ~ SANTA MONICA, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE), a leader in redefining the gaming industry as a media channel, has released its second quarter 2024 financial results in the form of a shareholder letter w ...
Super League Sets Second Quarter 2024 Earnings Date, August 14, 2024
GlobeNewswire News Room· 2024-08-01 12:00
SANTA MONICA, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE) (the "Company"), a leader in redefining the gaming industry as a media channel, announced today that the Company will post its second quarter 2024 financial results after market close on Wednesday, August 14, 2024. A webinar will be held the same day at 5:00 pm Eastern Time to discuss the results and can be accessed using the below dial-in numbers or registration link. | --- | --- | |------------------------|----------------- ...
Cartesian Therapeutics Announces First Patient Dosed in Phase 2 Trial of Descartes-08 in Systematic Lupus Erythematosus
GlobeNewswire News Room· 2024-07-02 10:31
GAITHERSBURG, Md., July 02, 2024 (GLOBE NEWSWIRE) -- Cartesian Therapeutics, Inc. (NASDAQ: RNAC) (the "Company"), a clinical-stage biotechnology company pioneering mRNA cell therapy for autoimmune diseases, today announced that the first patient has been dosed in its Phase 2 open-label clinical trial evaluating Descartes-08 in patients with systematic lupus erythematosus (SLE). Descartes-08, Cartesian's lead mRNA cell therapy candidate and a potential first-in-class mRNA-engineered chimeric antigen receptor ...
Bebe Rexha Returns to Roblox with New Listening Party Through Super League's Innovative Scalable Music Offering - SOUNDZ
Newsfilter· 2024-06-28 12:05
SOUNDZ By Bebe Rexha launches on June 28, 2024, with Bebe Rexha being brought to life through a custombuilt avatar set to dance and engage with Bebe Rexha's fans and music lovers. Fans will be able to dance together, play rhythm-based games, try on and purchase Bebe Rexha virtual merch, and earn special inexperience status within Carry A Friend!, Paradise RP, and The Floor Is Lava. Fans can also access Super League's rewards and loyalty platform and enter to win a personal video message from Bebe on Communi ...