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.
