Enthusiast Gaming Holdings Inc (TSE:EGLX) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Enthusiast Gaming Holdings Inc. has reported a decrease in revenue by 13% for Q4 2023 and a 12% drop for the full year, but highlighted an increase in gross profit and an expanding gross margin, signaling a strategic shift towards profitability. The company’s focus on core communities and cost reduction efforts aim to streamline operations and strengthen financial performance. Despite a net loss due to non-cash impairment charges, there was growth in direct sales and a rise in unique visitors, maintaining its rank as the #1 Gaming Property in the U.S.
For further insights into TSE:EGLX stock, check out TipRanks’ Stock Analysis page.