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Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) reported its Q1 2024 results. Revenue increased by 34% to $4.2 million, driven by enhanced events and rental income. The net loss attributable to shareholders reduced to $14.9 million from $19.6 million, thanks to lower operating expenses. Adjusted EBITDA improved to a loss of $2.9 million from $10.9 million. Cash balance stood at $6.9 million. The company hosted numerous events and opened new tenants, adding to diversified revenue streams. Expense management strategies have been implemented to stabilize operations faster. Upcoming events feature prominent names like Carrie Underwood and Bert Kreischer.
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) will release its first quarter fiscal 2024 results for the period ended March 31, 2024, on Monday, May 13, 2024. A conference call will be held on Tuesday, May 14, 2024, at 8:30 a.m. ET for business commentary.