This summary was created by AI, based on 1 opinions in the last 12 months.
Enthusiast Gaming Holdings Inc. (EGLX-T) is a leading media platform for video game and esports enthusiasts with a strong focus on content-rich digital media and user engagement. The company's recent third-quarter results showed record revenue and gross profit, although the net loss increased due to non-cash impairment charges. The announcement of a content partnership with Google further boosted the stock price, highlighting potential growth opportunities.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong tailwinds from gaming entertainment. Growing high margin revenues. Large audience; proven ability to monetize. Not yet profitable; shares can be volatile. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Although the company has missed estimates in recent quarters, they added more recently. The balance sheet is strong and sales are growing. Insiders own 18%. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The last quarter was disappointing for some. The financing has taken some momentum out of the stock. However, long term potential remains good. It is well positioned and has cash. Cheaper compared to other high growth peers. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The market cap has now exceeded $1B. Momentum is good. Okay for growth investor in a different and growing sector. The company is doing a lot of things right. Unlock Premium - Try 5i Free
Enthusiast Gaming Holdings Inc. is a Canadian stock, trading under the symbol EGLX-T on the Toronto Stock Exchange (EGLX-CT). It is usually referred to as TSX:EGLX or EGLX-T
In the last year, 1 stock analyst published opinions about EGLX-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Enthusiast Gaming Holdings Inc..
Enthusiast Gaming Holdings Inc. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Enthusiast Gaming Holdings Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Enthusiast Gaming Holdings Inc. In the last year. It is a trending stock that is worth watching.
On 2024-03-27, Enthusiast Gaming Holdings Inc. (EGLX-T) stock closed at a price of $0.17.
EGLX is building the largest media platform for video game and esports fans to connect and engage with its approximately 300 million gaming enthusiasts worldwide.
Central to its ability to create valuable advertising space (referred to as “Inventory”) is the ability to both develop content-rich digital media and foster the interaction and contributions of its users to its digital media properties.
To this end, it maintains a network of full and part-time content developers.
Results posted November 14, 2022, for the 3rd quarter ended September 30th were a record: Revenue at $50.6 million was up 17% over the comparable prior period; Gross profit at $16.6 million was up 64%; Operating expenses at $26.6 million were up 24.3%.
However, the net loss was $37.9 million (after taking a $31.3 million non-cash loss on impairment of goodwill) compared to a loss of $12.4 million in the prior period. Long-term debt increased YTD by $8.2 million and cash on hand closed at $15.8 million, down $6.8 million. These results appear to have given the stock price a nudge, but the announcement on December 1st that EGLX had entered into a content partnership account with Google seems to have provided the principal lift.
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