Super League Reports Fourth Quarter and Full Year 2024 Financial Results and Provides Update on Strategic Discussions to Accelerate Path to Profitability and Diversify Revenues
Super League (SLE) has released its Q4 and full year 2024 financial results, announcing significant organizational changes amid challenges. Ann Hand is transitioning to Executive Chair through 2025, while President Matt Edelman has been promoted to CEO. The company has also appointed marketing executive Bant Breen to its Board of Directors.
The company faced difficulties in H2 2024 due to micro-cap market conditions, macro-economic headwinds, and changes in the Roblox ad ecosystem. Despite these challenges, Q1 shows promising signs with revenue diversification and improving margins. Super League aims to achieve EBITDA positive status by Q4 2025 through aggressive cost restructuring and focus on higher-margin programs.
Regarding the previously announced Infinite Reality opportunity from October 2024, while discussions continue, the exclusivity period has expired, allowing Super League to pursue alternative strategic partnerships focused on playable digital advertising with companies closer to profitability.
Super League (SLE) ha pubblicato i risultati finanziari del quarto trimestre e dell'intero anno 2024, annunciando significativi cambiamenti organizzativi in mezzo a sfide. Ann Hand sta passando a Presidente Esecutivo fino al 2025, mentre il Presidente Matt Edelman è stato promosso a CEO. L'azienda ha anche nominato il dirigente marketing Bant Breen nel suo Consiglio di Amministrazione.
L'azienda ha affrontato difficoltà nel secondo semestre del 2024 a causa delle condizioni del mercato micro-cap, delle pressioni macroeconomiche e dei cambiamenti nell'ecosistema pubblicitario di Roblox. Nonostante queste sfide, il primo trimestre mostra segni promettenti con una diversificazione dei ricavi e margini in miglioramento. Super League punta a raggiungere lo status EBITDA positivo entro il quarto trimestre del 2025 attraverso una ristrutturazione dei costi aggressiva e un focus su programmi con margini più elevati.
Per quanto riguarda l'opportunità Infinite Reality precedentemente annunciata nell'ottobre 2024, mentre le discussioni continuano, il periodo di esclusività è scaduto, consentendo a Super League di perseguire partnership strategiche alternative focalizzate sulla pubblicità digitale giocabile con aziende più vicine alla redditività.
Super League (SLE) ha publicado sus resultados financieros del cuarto trimestre y del año completo 2024, anunciando cambios organizativos significativos en medio de desafíos. Ann Hand está haciendo la transición a Presidenta Ejecutiva hasta 2025, mientras que el Presidente Matt Edelman ha sido ascendido a CEO. La empresa también ha nombrado al ejecutivo de marketing Bant Breen en su Junta Directiva.
La compañía enfrentó dificultades en la segunda mitad de 2024 debido a las condiciones del mercado de micro-cap, vientos en contra macroeconómicos y cambios en el ecosistema publicitario de Roblox. A pesar de estos desafíos, el primer trimestre muestra signos prometedores con diversificación de ingresos y márgenes en mejora. Super League aspira a lograr el estatus EBITDA positivo para el cuarto trimestre de 2025 mediante una reestructuración de costos agresiva y un enfoque en programas de mayor margen.
En cuanto a la oportunidad de Infinite Reality anunciada anteriormente en octubre de 2024, aunque las discusiones continúan, el período de exclusividad ha expirado, lo que permite a Super League buscar asociaciones estratégicas alternativas centradas en la publicidad digital jugable con empresas más cercanas a la rentabilidad.
슈퍼 리그 (SLE)는 2024년 4분기 및 연간 재무 결과를 발표하며 도전 속에서 중요한 조직 변화를 알렸습니다. 앤 핸드는 2025년까지 이사회 의장으로 전환하고, 회장 맷 에델먼은 CEO로 승진했습니다. 회사는 마케팅 임원 반트 브린을 이사회에 임명했습니다.
회사는 2024년 하반기에 마이크로캡 시장 상황, 거시 경제적 역풍 및 로블록스 광고 생태계의 변화로 어려움을 겪었습니다. 이러한 도전에도 불구하고 1분기는 수익 다각화와 개선된 마진으로 유망한 신호를 보이고 있습니다. 슈퍼 리그는 공격적인 비용 구조 조정과 높은 마진 프로그램에 대한 집중을 통해 2025년 4분기까지 EBITDA 긍정 상태를 달성하는 것을 목표로 하고 있습니다.
2024년 10월에 발표된 인피니트 리얼리티 기회와 관련하여, 논의는 계속되고 있지만 독점 기간이 만료되어 슈퍼 리그는 수익성에 더 가까운 기업들과의 플레이어블 디지털 광고에 중점을 둔 대체 전략적 파트너십을 추구할 수 있게 되었습니다.
Super League (SLE) a publié ses résultats financiers du quatrième trimestre et de l'année complète 2024, annonçant des changements organisationnels significatifs face à des défis. Ann Hand passe au poste de Présidente Exécutive jusqu'en 2025, tandis que le Président Matt Edelman a été promu au poste de PDG. L'entreprise a également nommé le responsable marketing Bant Breen au sein de son Conseil d'Administration.
L'entreprise a rencontré des difficultés au second semestre 2024 en raison des conditions du marché des micro-cap, des vents contraires macroéconomiques et des changements dans l'écosystème publicitaire de Roblox. Malgré ces défis, le premier trimestre montre des signes prometteurs avec une diversification des revenus et une amélioration des marges. Super League vise à atteindre le statut EBITDA positif d'ici le quatrième trimestre 2025 grâce à une restructuration agressive des coûts et un accent sur des programmes à plus forte marge.
Concernant l'opportunité Infinite Reality annoncée précédemment en octobre 2024, bien que les discussions se poursuivent, la période d'exclusivité a expiré, permettant à Super League de poursuivre des partenariats stratégiques alternatifs axés sur la publicité numérique jouable avec des entreprises plus proches de la rentabilité.
Super League (SLE) hat seine Finanzzahlen für das vierte Quartal und das gesamte Jahr 2024 veröffentlicht und bedeutende organisatorische Veränderungen inmitten von Herausforderungen angekündigt. Ann Hand wechselt bis 2025 zur Executive Chair, während Präsident Matt Edelman zum CEO befördert wurde. Das Unternehmen hat auch den Marketing-Manager Bant Breen in seinen Vorstand berufen.
Das Unternehmen hatte in der zweiten Hälfte von 2024 aufgrund der Bedingungen des Mikro-Kapitalmarktes, makroökonomischer Gegenwinde und Veränderungen im Roblox-Werbeökosystem Schwierigkeiten. Trotz dieser Herausforderungen zeigt das erste Quartal vielversprechende Anzeichen mit einer Diversifizierung der Einnahmen und einer Verbesserung der Margen. Super League strebt an, bis zum vierten Quartal 2025 einen positiven EBITDA-Status zu erreichen, durch aggressive Kostenrestrukturierung und einen Fokus auf Programme mit höheren Margen.
Hinsichtlich der zuvor im Oktober 2024 angekündigten Infinite Reality-Möglichkeit, während die Gespräche fortgesetzt werden, ist der Exklusivitätszeitraum abgelaufen, was es Super League ermöglicht, alternative strategische Partnerschaften zu verfolgen, die sich auf spielbare digitale Werbung mit Unternehmen konzentrieren, die näher an der Rentabilität sind.
- Q1 2025 shows improving margins and growing pipeline
- Revenue diversification initiatives showing early success
- Addition of experienced marketing executive Bant Breen to Board of Directors
- Poor financial performance in H2 2024
- Failed to meet expected results
- Infinite Reality deal not completed
- Structural challenges in Roblox ad ecosystem affecting business
Insights
Super League's latest announcement reveals a company in strategic pivot mode amid acknowledged financial underperformance. Management explicitly states that H2 2024 results "did not live up to expectations," triggering several significant organizational changes including a CEO transition and aggressive cost-cutting initiatives aimed at achieving EBITDA positivity by Q4 2025.
The leadership restructuring—with Ann Hand moving to Executive Chair and Matt Edelman ascending to CEO—comes at a critical juncture as the company faces multiple headwinds including micro-cap market conditions and structural shifts in the Roblox advertising ecosystem that appears central to their business model. This transition introduces execution risk during an already challenging period.
Particularly noteworthy is the expired exclusivity with Infinite Reality announced in October 2024. This development suggests the company is pivoting toward alternative strategic options that may offer better synergies and faster paths to profitability. The appointment of advertising executive Bant Breen to the board signals a strategic emphasis on strengthening industry connections to enhance their revenue pipeline.
While management points to "positive signs in Q1" including revenue diversification and recovering margins, the extended timeline to profitability indicates significant structural challenges remain. Their strategy to focus on "larger revenue, higher margin programs" represents a potential business model refinement to be more selective with resources.
Without specific financial metrics in this release, investors must wait for the complete results to fully assess the company's trajectory and the viability of management's restructuring initiatives.
~ Ann Hand to Support Strategic Alternative Initiatives as Executive Chair; President Matt Edelman Promoted to the Role of Chief Executive Officer ~
~ Renowned Marketing and Advertising Executive Bant Breen Appointed to Board of Directors ~
SANTA MONICA, Calif., March 28, 2025 (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE), a leader in redefining the gaming industry as a media channel, today released fourth quarter and full year 2024 financial results.
Super League Executive Chair, Ann Hand Commented:
“The last two years have presented Super League with a unique set of challenges that have tested our resolve. But make no mistake, our conviction and enthusiasm to seize the opportunity in front of us is unwavering. We have worked tirelessly to build our platform over the years and are confident we have the talent, grit and an actionable plan already underway to successfully achieve our long-term objectives.
While we have achieved plenty of success across hundreds of campaigns with blue-chip brands, creating innovative technology and growing our audience base, our financial results in the back half of 2024 did not live up to the results we expected. The micro-cap market has not rebounded in ways that we would like, combined with some macro-economic headwinds and structural shifts in the Roblox ad ecosystem, we have had to quickly adapt and be faster and more assertive in building a successful and sustainable business. Yet, we believe in our long-term prospects, and there are positive signs in Q1 – notably that revenue diversification is kicking in, margins are recovering and our pipeline is growing.
Our mandate is getting to breakeven for you, our shareholders. In order to do that, we must realign the business. We are aggressively attacking our cost structure to support this priority with an aim to be EBITDA positive in Q4 2025. Concurrently, we are also focusing on larger revenue, higher margin programs to be more selective in where we focus our limited resources.
In addition, as part of our realignment, I am moving to Executive Chair role through the end of 2025 and passing the torch to Matt Edelman to be our new CEO. I will continue to support and mentor Matt through the transition process and exploration of strategic alternatives. Matt has been our fearless President for the last two years and has the intellect, deep product and industry knowledge, work ethic, energy and enthusiasm to hit the ground running.
In an effort to bolster our Board, we are thrilled to appoint Bant Breen as a Director. Bant is a noted marketing and media executive, entrepreneur and academic. Specifically, Bant has spent a vast amount of his career in holding company and operating leadership roles with some of the largest global advertising agencies. When considering our market adoption opportunity, Bant’s history in the industry can potentially be a game changer for our pipeline and ultimately our revenue trajectory.
As for the opportunity we announced with Infinite Reality in October 2024, while discussions continue, the deal has not been completed and the exclusivity period has expired. This has allowed us to advance towards exciting alternatives that are very on-strategy for Super League. These pursuits have significant business overlap with us for more material topline and cost synergies – and they are companies that are close to breakeven or already profitable and could accelerate our path to EBITDA positive with a more dominant position in the playable digital advertising space.
In conclusion, despite the challenges we have faced, we are here and confident in the opportunity that lies ahead. We have responded with a mandate and actionable plan that is already under way. The Board and I are confident that Matt is the right choice to execute this mandate and ultimately deliver value to our shareholders.”
Matt Edelman, Super League President and CEO commented, “My conviction and confidence in Super League’s path ahead have never been stronger. We have the grit, fortitude, and vision to deliver upon our most important commitments - more value to our shareholders, meaningful business outcomes for our partners, and attention-grabbing playable content to massive audiences across gaming platforms. I’m grateful to the Board for their support and excited for the opportunity.”
The Company will host a webinar at 8:30 a.m. Eastern Time today, March 28, 2025, to discuss financial results, provide a corporate update and end with a question-and-answer session. To participate, please use the following information.
Super League Fourth Quarter and Full Year 2024 Earnings Webinar
| Date: | Friday, March 28, 2025 |
| Time: | 8:30 am Eastern Time |
| Dial-in: | 1-877-407-0779 |
| International Dial-in: | 1-201-389-0914 |
| Webinar: | Register Here |
A replay will be available within 24 hours after the webinar and can be accessed here or on the Company’s investor relations website at https://ir.superleague.com/.
For any questions related to the Company’s fourth quarter or full year 2024 financial results, please contact SLE@mzgroup.us.
About Super League
Super League (Nasdaq:SLE) is redefining how brands connect with consumers through the power of playable media. Through solutions within mobile games and the world’s largest immersive gaming platforms, Super League provides global brands with ads, content, and experiences that are not only seen - they’re played, felt, and remembered. Boasting an award-winning development studio, a vast network of native creators, and proprietary engagement technology, Super League is a one-of-a-kind partner for brands looking to stand out in culture, spark loyalty, and drive meaningful impact. In a world where attention is earned, Super League makes brands relevant - by making them playable. For more information, visit superleague.com.
Investor Relations Contact:
Shannon Devine/ Mark Schwalenberg
MZ North America
Main: 203-741-8811
SLE@mzgroup.us
| SUPER LEAGUE ENTERPRISE, INC. CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND 2023 (In U.S. dollars, rounded to the nearest thousands, except share and per share data) | ||||||||
| December 31, 2024 | December 31, 2023 | |||||||
| Assets | ||||||||
| Cash and cash equivalents | $ | 1,310,000 | $ | 7,609,000 | ||||
| Accounts receivable | 3,766,000 | 8,287,000 | ||||||
| Prepaid expenses and other current assets | 677,000 | 862,000 | ||||||
| Total current assets | 5,753,000 | 16,758,000 | ||||||
| Property and Equipment, net | 24,000 | 70,000 | ||||||
| Intangible and Other Assets, net | 4,070,000 | 6,636,000 | ||||||
| Goodwill | 1,864,000 | 1,864,000 | ||||||
| Total assets | $ | 11,711,000 | $ | 25,328,000 | ||||
| Liabilities | ||||||||
| Accounts payable and accrued expenses | $ | 5,282,000 | $ | 10,420,000 | ||||
| Accrued contingent consideration | 138,000 | 1,812,000 | ||||||
| Promissory note - contingent consideration | 1,735,000 | - | ||||||
| Contract liabilities | 50,000 | 339,000 | ||||||
| Notes payable and other, and accrued interest | 3,240,000 | 800,000 | ||||||
| Total current liabilities | 10,445,000 | 13,371,000 | ||||||
| Accrued contingent consideration – long term | - | 396,000 | ||||||
| Warrant liability | 935,000 | 1,571,000 | ||||||
| Total liabilities | 11,380,000 | 15,338,000 | ||||||
| Stockholders’ Equity | ||||||||
| Preferred Stock | - | - | ||||||
| Common Stock | 94,000 | 81,000 | ||||||
| Additional paid-in capital | 270,111,000 | 258,923,000 | ||||||
| Accumulated deficit | (269,874,000 | ) | (249,014,000 | ) | ||||
| Total stockholders’ equity | 331,000 | 9,990,000 | ||||||
| Total liabilities and stockholders’ equity | $ | 11,711,000 | $ | 25,328,000 | ||||
| SUPER LEAGUE ENTERPRISE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In U.S. dollars, rounded to the nearest thousands, except share and per share data) | ||||||||||||||||
| Three Months Ended | Fiscal Year Ended | |||||||||||||||
| December 31, | December 31, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| REVENUE | $ | 3,426,000 | $ | 9,510,000 | $ | 16,182,000 | $ | 25,079,000 | ||||||||
| COST OF REVENUE | (2,427,000 | ) | (5,785,000 | ) | (10,080,000 | ) | (15,297,000 | ) | ||||||||
| GROSS PROFIT | 999,000 | 3,725,000 | 6,102,000 | 9,782,000 | ||||||||||||
| OPERATING EXPENSES | ||||||||||||||||
| Selling, marketing and advertising | 2,510,000 | 3,696,000 | 9,822,000 | 12,450,000 | ||||||||||||
| Engineering, Technology and Development | 1,048,000 | 2,219,000 | 4,447,000 | 9,500,000 | ||||||||||||
| General and administrative | 2,173,000 | 3,165,000 | 8,731,000 | 10,258,000 | ||||||||||||
| Contingent consideration | (129,000 | ) | 529,000 | (144,000 | ) | 1,075,000 | ||||||||||
| Impairment of goodwill and loss on disposal of intangibles | - | 7,052,000 | - | 9,336,000 | ||||||||||||
| TOTAL OPERATING EXPENSES | 5,602,000 | 16,661,000 | 22,856,000 | 42,619,000 | ||||||||||||
| NET OPERATING LOSS | (4,603,000 | ) | (12,936,000 | ) | (16,754,000 | ) | (32,837,000 | ) | ||||||||
| OTHER INCOME (EXPENSE) | ||||||||||||||||
| Gain on sale of Minehut assets | 39,000 | - | 183,000 | - | ||||||||||||
| Change in fair value of warrant liability | 12,000 | 346,000 | 1,115,000 | 2,898,000 | ||||||||||||
| Loss on extinguishment of liability | - | - | (336,000 | ) | - | |||||||||||
| Loss on exchange of preferred instruments | - | (681,000 | ) | - | (681,000 | ) | ||||||||||
| Interest expense, including change in fair value of promissory notes carried at fair value | (478,000 | ) | (3,000 | ) | (559,000 | ) | (50,000 | ) | ||||||||
| Other | (97,000 | ) | - | (123,000 | ) | 27,000 | ||||||||||
| TOTAL OTHER INCOME (EXPENSE), NET | (524,000 | ) | (338,000 | ) | 280,000 | 2,194,000 | ||||||||||
| LOSS BEFORE BENEFIT FROM INCOME TAXES | (5,127,000 | ) | (13,274,000 | ) | (16,474,000 | ) | (30,643,000 | ) | ||||||||
| BENEFIT FOR INCOME TAXES | - | - | - | 313,000 | ||||||||||||
| NET LOSS | $ | (5,127,000 | ) | $ | (13,274,000 | ) | $ | (16,474,000 | ) | $ | (30,330,000 | ) | ||||
| Net loss attributable to common stockholders - basic and diluted | ||||||||||||||||
| Basic and diluted net loss per common share | $ | (0.45 | ) | $ | (3.47 | ) | $ | (2.33 | ) | $ | (13.67 | ) | ||||
| Weighted-average number of shares outstanding, basic and diluted | $ | 13,794,441 | $ | 4,264,905 | $ | 8,940,304 | $ | 2,799,044 | ||||||||
| Reconciliation of net loss to net loss attributable to common stockholders (Numerator in loss per share calculation): | ||||||||||||||||
| Net loss | $ | (5,127,000 | ) | $ | (13,274,000 | ) | $ | (16,474,000 | ) | $ | (30,330,000 | ) | ||||
| Deemed dividend on Series AA Preferred Stock – down round feature | - | (1,131,000 | ) | - | (7,567,000 | ) | ||||||||||
| Preferred Dividends paid in shares of common stock | (1,096,000 | ) | (374,000 | ) | (4,386,000 | ) | (374,000 | ) | ||||||||
| Net loss attributable to common stockholders | $ | (6,223,000 | ) | $ | (14,779,000 | ) | $ | (20,860,000 | ) | $ | (38,271,000 | ) | ||||
| SUPER LEAGUE ENTERPRISE, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION (UNAUDITED) DECEMBER 31, 2024 AND 2023 (In U.S. dollars, rounded to the nearest thousands, except share and per share data) | ||||||||||||||||
| Three Months Ended | Fiscal Year Ended | |||||||||||||||
| December 31, | December 31, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| GAAP net loss | $ | (5,127,000 | ) | $ | (13,274,000 | ) | $ | (16,474,000 | ) | $ | (30,330,000 | ) | ||||
| Add back: | ||||||||||||||||
| Non-cash stock compensation | 303,000 | 560,000 | 1,289,000 | 2,735,000 | ||||||||||||
| Non-cash amortization of intangibles | 647,000 | 1,406,000 | 2,543,000 | 5,238,000 | ||||||||||||
| Impairment of goodwill and loss on disposal of intangibles | - | 7,052,000 | - | 9,336,000 | ||||||||||||
| Gain on sale of Minehut assets | (39,000) | - | (183,000 | ) | - | |||||||||||
| Change in fair value of warrant liability | (12,000 | ) | (346,000 | ) | (1,115,000 | ) | (2,898,000 | ) | ||||||||
| Other | 204,000 | 1,423,000 | 1,175,000 | 896,000 | ||||||||||||
| Noncash benefit for income taxes | - | - | - | (313,000 | ) | |||||||||||
| Proforma net loss | $ | (4,024,000 | ) | $ | (3,179,000 | ) | $ | (12,765,000 | ) | $ | (15,336,000 | ) | ||||
| Pro forma non-GAAP net earnings (loss) per common share — diluted | $ | (0.29 | ) | $ | (0.75 | ) | $ | (1.43 | ) | $ | (5.48 | ) | ||||
| Non-GAAP weighted-average shares — diluted | 13,794,441 | 4,264,905 | 8,940,304 | 2,799,044 | ||||||||||||
| SUPER LEAGUE ENTERPRISE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (In U.S. dollars, rounded to the nearest thousands) | |||||||
| Fiscal Year Ended | |||||||
| December 31, | |||||||
| 2024 | 2023 | ||||||
| Operating Activities | |||||||
| Net loss | $ | (16,474,000 | ) | $ | (30,330,000 | ) | |
| Adjustments to reconcile net loss to net cash used in operations: | |||||||
| Depreciation and amortization | 2,612,000 | 5,376,000 | |||||
| Stock-based compensation | 1,289,000 | 2,735,000 | |||||
| Change in fair value of warrant liability | (1,115,000 | ) | (2,898,000 | ) | |||
| Change in fair value of contingent consideration | (252,000 | ) | (545,000 | ) | |||
| Change in fair value of debt at fair value | 163,000 | - | |||||
| Gain on sale of intangible assets | (183,000 | ) | - | ||||
| Loss on extinguishment of liability – contingent consideration | 336,000 | - | |||||
| Loss on exchange of placement agent warrants | - | 681,000 | |||||
| Impairment of intangible assets and goodwill | - | 7,052,000 | |||||
| Fair value of noncash legal settlement and other noncash charges | 959,000 | - | |||||
| Loss on intangible asset disposal | - | 2,284,000 | |||||
| Amortization of convertible notes discount and other | - | 40,000 | |||||
| Changes in assets and liabilities | |||||||
| Accounts Receivable | 4,521,000 | (2,113,000 | ) | ||||
| Prepaid Expenses and Other Assets | 702,000 | 146,000 | |||||
| Accounts payable and accrued expenses | (3,960,000 | ) | 3,412,000 | ||||
| Accrued contingent consideration | (20,000 | ) | (1,064,000 | ) | |||
| Contract liabilities | (289,000 | ) | 228,000 | ||||
| Deferred taxes | - | (313,000 | ) | ||||
| Accrued interest on notes payable | 130,000 | (180,000 | ) | ||||
| Net Cash Used in Operating Activities | (11,581,000 | ) | (15,489,000 | ) | |||
| Investing Activities | |||||||
| Cash paid in connection with Melon Acquisition, net | - | (150,000 | ) | ||||
| Proceeds from sale of Minehut Assets | 311,000 | - | |||||
| Purchase of property and equipment | (23,000 | ) | (8,000 | ) | |||
| Capitalization of software development costs | (452,000 | ) | (650,000 | ) | |||
| Acquisition of other intangibles | - | (17,000 | ) | ||||
| Net Cash Used in Investing Activities | (164,000 | ) | (825,000 | ) | |||
| Financing Activities | |||||||
| Proceeds from issuance of preferred stock, net | 2,393,000 | 19,295,000 | |||||
| Proceeds from issuance of common stock, net of issuance costs | 1,000,000 | 1,885,000 | |||||
| Proceeds from the issuance of promissory notes, net of issuance costs | 3,257,000 | - | |||||
| Payments on promissory notes | (396,000 | ) | - | ||||
| Payments on convertible notes | - | (539,000 | ) | ||||
| Accounts receivable facility advances | 1,174,000 | 800,000 | |||||
| Payments on accounts receivable facility | (1,950,000 | ) | - | ||||
| Other | (32,000 | ) | - | ||||
| Net Cash Provided by Financing Activities | 5,446,000 | 21,441,000 | |||||
| Net Increase (Decrease) in Cash and Cash Equivalents | (6,299,000 | ) | 5,127,000 | ||||
| Cash and Cash Equivalents at Beginning of the Period | 7,609,000 | 2,482,000 | |||||
| Cash and Cash Equivalents at End of the Period | $ | 1,310,000 | $ | 7,609,000 | |||
FAQ
When does Super League (SLE) expect to become EBITDA positive?
What happened to Super League's (SLE) deal with Infinite Reality?
Who is the new CEO of Super League (SLE)?
What challenges did Super League (SLE) face in 2024?
