GAMESQUARE HLDGS INC - GAME STOCK NEWS

Engine Gaming and Media (NASDAQ: GAME) announced its participation in the 42nd Annual Canaccord Genuity Growth Conference from August 8-11, 2022, in Boston, MA. Executive Chairman Tom Rogers and CEO Lou Schwartz will hold one-on-one meetings with investors. A fireside chat is scheduled for August 11 at 11:30 a.m. ET, with a live webcast accessible on Engine's Investor Relations site. Engine specializes in gaming analytics and influencer marketing, supporting major brands and generating revenue through software subscriptions and programmatic advertising.

Engine Gaming and Media (NASDAQ:GAME) announced the appointment of Gregory R. Raifman to its board of directors on July 20, 2022. Raifman, an experienced leader in digital advertising, will serve on the Audit, Compensation, and Nominating and Governance Committees. With nearly four decades in the Internet industry, his past roles include President of Nexstar Digital and Rubicon Project (now Magnite). Executive Chairman Tom Rogers highlighted Raifman's expertise as invaluable for Engine’s growth in digital advertising and analytics.

Engine Gaming and Media, Inc. (NASDAQ:GAME) reported fiscal Q3 2022 revenues of $9.2 million, a 16% increase year-over-year, while nine-month revenues rose 36% to $30.5 million. SaaS businesses grew 22% YoY to $2.0 million. Net income surged to $8.8 million from $1.6 million a year prior, primarily due to a $15.1 million gain from the sale of Eden Games. The company also aims to reduce expenses by $16 million annually following the divestiture of UMG Gaming.

Engine Gaming's subsidiary, Stream Hatchet, has published the Brands in Gaming and Esports Report, analyzing nearly 2,000 brands across 500 top Twitch channels. This report highlights opportunities for brand marketers in esports and gaming, showing a surge in sponsored content, with 153M hours watched in Q1 2022. Key findings include that electronic hardware brands dominate presence and mentions on Twitch, while Doritos leads in snack brand mentions. The report serves as a guide for marketers aiming to maximize ROI through effective strategies in gaming platforms.

Engine Gaming and Media (NASDAQ:GAME) will release its fiscal third quarter 2022 financial results on July 14, 2022, after market close. A conference call will follow at 4:30 p.m. Eastern Time, allowing participants to discuss the results and ask questions. The company, which focuses on gaming and social influencer marketing, operates subsidiaries like Stream Hatchet and WinView Games. They generate revenue through direct-to-consumer fees, SaaS offerings, and programmatic advertising. For more details, visit their website.

Engine Gaming and Media (NASDAQ:GAME) received a notice from Nasdaq on June 23, 2022, indicating non-compliance with the minimum bid price requirement of $1.00 per share. The closing bid price fell below this threshold for 30 consecutive business days. The company has until December 20, 2022, to regain compliance, with potential for an extension if criteria are met. A reverse stock split could also be a viable option to meet the requirement. This notice does not affect Engine's listing on the TSXV Exchange.

Engine Gaming and Media has agreed to sell assets from its subsidiary, UMG Events, to Harena Data. This transaction is part of a broader strategy to reduce annual cash operating expenses by approximately $16M and focus on high-growth B2B segments in analytics, marketing, advertising, and gaming. The deal is expected to close in the Company's fiscal fourth quarter, and will help Engine move towards its goal of run rate breakeven by 2023. CEO Lou Schwartz emphasized the importance of this transition for financial efficiency in challenging macroeconomic conditions.

Osprey Funds, in collaboration with WallStreetBets founder Jaime Rogozinski, is hosting a unique event in Austin, Texas, during Coindesk’s Consensus 22 festival. The gathering, expected to attract over 15,000 attendees, will feature gambling games like Blackjack and Poker, alongside a DJ and free tacos. A prediction contest using Engine Gaming’s WinView Games app offers high-tech prizes. Osprey has also launched the Osprey Polkadot Trust, allowing retail investors to access $DOT with no fees until January 1, 2023.

Engine Gaming and Media (NASDAQ:GAME) has engaged MZ Group to enhance its investor relations and financial communications strategy from April 12, 2022, to April 11, 2023, for $14,000 per month. MZ will help increase Engine's visibility in the investment community, with an emphasis on their growing multi-platform ecosystem. The company reported a 20% increase in revenues year-over-year, reaching $9.3 million in Q2 2022, driven by strong momentum and key partnerships. Engine focuses on tapping growth trends in gaming and media to deliver substantial value to shareholders.