Super League Announces Preliminary Record Q4 Revenue Of ~$9.4M; An Increase Of 32% YoY
Portfolio Pulse from Benzinga Newsdesk
Super League (NASDAQ: SLE) reported a record preliminary Q4 revenue of approximately $9.4 million, a 32% increase YoY, and annual revenues of about $25.0 million. The company anticipates profitability in 2024, backed by a record contract and pipeline expansion. Super League's CEO Ann Hand highlighted the company's growth, streamlined operations, and success in immersive 3D experiences on platforms like Roblox, Minecraft, and Fortnite. The company served almost 100 brands in 2023, with significant engagement and media coverage. Super League aims to transition from short-term campaigns to larger, recurring deals with notable clients like Visa, Disney, and Wal-Mart. The company raised $24.8 million and secured a $4.0 million accounts receivable facility, improving its balance sheet for future growth.

January 16, 2024 | 1:07 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Super League Gaming, Inc. (NASDAQ: SLGG) announced a record Q4 revenue of $9.4M, a 32% increase YoY, and is expecting profitability in 2024. The company's growth is driven by its success in immersive 3D experiences and partnerships with major brands.
The positive earnings report and the anticipation of profitability in 2024 are likely to instill investor confidence and could lead to a short-term increase in stock price. The record revenue and strategic partnerships indicate strong business performance and future growth potential.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100