Business
GameSquare Announces Filing of its Standalone 2022 Fourth Quarter Financial Results
Annual revenue increased over 160% to an annual record of $28.1 millionProvides timetable for 2023 first quarter release and combined company pro-forma 2023
About this update from Gamesquare Holdings, Inc.
[{"type":"text","content":"Annual revenue increased over 160% to an annual record of $28.1 millionProvides timetable for 2023 first quarter release and combined company pro-forma 2023 guidanceTORONTO, ON / ACCESSWIRE / May 2, 2023 / GameSquare Holdings, Inc. (\"GameSquare\", or the \"Company\") (NASDAQ:GAME)(TSXV:GAME) announced that GameSquare Esports, Inc. has filed its standalone financial results for its fourth quarter ended December 31, 2022. GameSquare Esport's fourth quarter financial results do not include the April 10, 2023 arrangement with Engine Gaming and Media, Inc. (\"Engine Gaming\"). The Company plans to issue first quarter financial results for GameSquare Esports, which will include a pro-forma income statement of the combined company and expectations for the remainder of 2023, and host a conference call during the week of May 15, 2023. The Company expects to file its second quarter 2023 consolidated financial statements for the combined entity, in August of 2023.\"I am very pleased with the progress we made in 2022 as we grew revenue over 160 percent, while comparable period expenses grew by only 13 percent (including one-time expenses), invested in our business, added new capabilities, and worked to complete the merger with Engine Gaming. 2022 revenue was in line with our increased guidance, reflecting the positive trends underway across our business,\" said Justin Kenna, CEO of GameSquare Holdings, Inc.\"The integration of GameSquare and Engine Gaming is well underway and I look forward to updating investors on the progress we are making on our call in mid-May. I want to thank everyone at GameSquare for all their hard work, as we focus on successfully integrating the merger, reducing expenses, growing revenue, and increasing overall value for our shareholders,\" concluded Mr. Kenna.Media and Investor RelationsAndrew BergerPhone: (216) 464-6400Email: [email protected] InformationThis news release contains \"forward-looking information\" and \"forward-looking statements\" (collectively, \"forward-looking statements\") within the meaning of the applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to prediction...