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Tag: SLGG Stock

  • Q4 EPS Losses: Super League Gaming, Inc. (SLGG) Stock Plummeted in After Hours.

    Super League Gaming, Inc. (SLGG) is the leading builder and operator of gaming networks of games, tools for monetization, and content channels along with the gaming portfolios. The aim of the company is the empowerment of the developers and providing next-level entertainment to the fans.

    SLGG stock price during the regular trading on March 14, 2022, fell by 6.12% to be $1.84. Its price further plunged by 4.35% at the last check of the aftermarket.

    SLGG: Key Financials

    On March 14, 2022, SLGG released its financial results for Q4 2021 ended December 31, 2021. Some key highlights are shared here.

    Revenue

    Revenues were $6.2 million during the fourth quarter of 2021 corresponding to $0.77 million in the comparable period of 2020. The company posted a record revenue growth of 695% over the year. Also, the company surpassed the revenue estimations by 2.47%.

    EPS

    Basic and diluted net loss per share during the fourth quarter of 2021 was $7.1 million or $0.19 corresponding to $4.7 million or $0.31 in the comparable quarter of 2020. The company’s EPS inclined YoY. Also, the company missed the EPS estimations by -$0.02.

    SLGG: Events and Happenings

    On February 25, 2022, SLGG reported its strategic collaborations with leading global advertising associates. These collaborations will generate hefty revenue for the company. The company’s collaborators include Venatus, Apex Mobile, and DAC.

    On December 16, 2021, SLGG and LVO updated on their strategic collaboration for the creation of metaverse experiences linked with LVO’s lifestyle, music, and PPV events. Both the companies agreed upon offering the opportunities to relish immersive 3D environments that impacted the affinity and social engagement of the fans.

    On December 15, 2021, SLGG announced the receipt of allowance notification from USPTO regarding the expansion of its intellectual property platform. The company had filed a supplementary patent application related to cloud-based live streaming. More precisely, its patent refers to a service of multiple content streams via a single live broadcast, enabling distinct perspectives while encountering the locality obligations.

    Conclusion

    SLGG stock has lost approximately 29% year-to-date. The current market position of the company is also dwindling as it reported the Q4 financial statement and missed the EPS expectations of the analysts. Although the company has posted record revenue in the fourth quarter, its stock is declining in the current aftermarket.

  • Super League Gaming, Inc. (SLGG) stock turns green in aftermarket – Why is it so?

    Super League Gaming, Inc. (SLGG) stock turns green in aftermarket – Why is it so?

    Super League Gaming, Inc. (SLGG) experienced an increase of 0.93% in the aftermarket. However, the last trading session closed at $3.23 with a decrease of 3%.

    SLGG Acquires Metaverse Ad Platform Bloxbiz

    On 7th October 2021, SLGG announced that they have acquired Bloxbiz. It is a dynamic ad platform tailored to metaverse contexts whose initial deployment began in 2020. It allows businesses to advertise across major Roblox game titles while also assisting Roblox developers with revenue and analytics. Bloxbiz’s robust advertising platform serves over 25 million monthly active Roblox users across more than 75 selected, brand-safe games.

    In-game advertisements are innovative billboards that enhance the gaming experience by allowing for spontaneous discovery without interfering with gameplay. Bloxbiz’s sophisticated technology validates viewability in a 3D environment. Lastly, it also offers aggregated audience geography, language, and device data, which is used to determine the effectiveness of the advertising.

    PRG and Super League Strike First-Of-Its-Kind Esports Events Production Partnership

    SLGG announced that they have formed a relationship to provide the esports community with a comprehensive range of event assistance on 13th September 2021. For the industry, the amount of engagement between PRG and Super League is unprecedented. The esports ecosystem is vast and diverse, as well as distinctly international. By combining major components and networks, Super League and PRG will be able to push past current esports event spectator experience boundaries, raising all touchpoints from gameplay to partnership inputs to live music to digital-to-physical engagement. SLGG can now activate anywhere at scale due to PRG’s worldwide network of sites and resources.

    Second Quarter 2021 Financial & Developmental Results

    SLGG reported second-quarter 2021 financial results on 12th August 2021. According to the report:

    • In 2021, second-quarter sales hit a new high of $1.1 million, up 235 percent from Q2 2020.
    • Gross margins are still in a good state in Q2 2021, at 51 percent.
    • As of June 30, 2021, the balance sheet was also acceptable, with $31.5 million in cash on hand and no debt.
    • Pixel Paradise, which joined property Mineville as two of seven official Minecraft servers, debuted in July 2021 as the first-ever Minecraft Bedrock server devoted to role-playing.
    • SLGG also announced the purchase of Bannerfy, a creative monetization and ad technology platform that will complement our brand and advertiser offerings.
  • What Drove SLGG Stock Higher In Extended Trading?

    What Drove SLGG Stock Higher In Extended Trading?

    In after-hours trading on Monday, Super League Gaming Inc. (SLGG) gained 10.18% to $4.98. SLGG finished the last trading session at $4.52, down -0.66% from its previous closing price. Shares of SLGG traded between $4.35 and $4.70. SLGG stock traded 0.44 million shares, below its 100-day average of 6.6 million shares.

    SLGG shares have dropped by -7.38% in the last five days, while they have fallen by -24.92% over the past month. SLGG stock rose on the announcement that the company will be celebrating the moon landing anniversary.

    SLGG will be celebrating in what way?

    Thousands of players can create, connect, compete, and enjoy their favorite video games on Super League Gaming, a gaming and esports community platform that offers a wide variety of gaming content and community features. A number of the biggest titles are offered in SLGG’s competitive gaming tournaments, which are fueled by proprietary and patented technology systems.

    Furthermore, SLGG offers gaming features that let youngsters create and experience their own Minecraft worlds, as well as production and distribution software tools that enable billions of kids to watch video-on-demand content every year. SLGG offers a range of new services, including in-game monetization, a virtual video production studio, and partnerships with global consumer brands.

    It was announced that Super League Gaming’s MoonJam Festival had begun.

    • A month-long series of events and activities begin with Moonjam, a tribute to the 52nd anniversary of the historic Moon landing within the Minehut Game Lobby, a meeting place for Super League’s vibrant Minecraft community.
    • The festivities begin with a special MoonJam concert on July 20th at 11:00 a.m. PT.
    • Minehut’s new concert venue will welcome award-winning recording artist AJR and rising star Gunnar Gehl in an entirely original and brand new performance experience.
    • Super League’s Virtualis Studios will stream the concert LIVE on the Minehut YouTube channel and TikTok for those who cannot attend the concert in person.
    • It will be hosted by Minecraft YouTuber Shubble and professional wrestler and entertainer Booker T as well as highlight the Festival’s activities, such as mini-games with special prizes, zero-gravity areas, and interactive bonuses such as particle emotes.
    • Super League Gaming and Minehut will look to the Moonjam Festival as a crucial event for their future.
    • The lineup includes AJR, Gunnar Gehl, Booker T, Shubble, and a live broadcast that will be watched by legions of worldwide fans.
    • Content-driven experiences that are exclusive to Super League are part of its passion.

    Is it a growth driver for SLGG?

    Recent growth of SLGG, especially among young gamers, has been made possible by this strategy, and it will remain a key component of the company’s strategy going forward. As part of the Moonjam event, Super League Gaming (SLGG) will stream the Moonjam concert for twelve hours on July 20th, and then players can enjoy Minehut’s Summer Nights themed exclusive lobby for a full month with prizes from Minehut and other partners..