Written by Dante Uzel on 15 August 2023 13:27
GameSquare Holdings revealed the Q2 2023 financial results. CEO Justin Kenna stated "I am excited by the opportunities we are pursuing as we enter the seasonally strong second half of the year, supported by strong closed revenue quarter-to-date and 60% of annual revenue historically falling in the second half. As a result, we expect sales in the second half to be between $47 million and $52 million, which combined with first-half pro-forma sales of $28 million are expected to produce full-year 2023 pro-forma sales of between $75 and $80 million. We also expect annual gross margin in 2023 to range between 30% and 35%, which combined with additional cost-saving actions are expected to help us reach profitability in the fourth quarter."
Q2 2023 results compared to Q2 2022 results,
Revenue of $14,238,810, compared to $6,655,892,
Gross margin of $4,068,174, compared to $3,017,161,
Net loss of $4,095,166, compared to a net loss of $2,524,825,
Adjusted EBITDA loss of $4,084,862, compared to a loss of $1,296,131,
Tags: GameSquare
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