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of Business Unless otherwise stated or the context otherwise requires, the terms we, us, our, AGAE, Allied and the Company refer to Allied Gaming & Entertainment, Inc. and its subsidiaries. Allied is a global experiential entertainment company focused on providing a growing audience of gamers with unique experiences through renowned assets, products, and services.
The business is unprofitable at the operating level (-489.73% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 12.2% YoY. Margins deteriorated 233.0pp alongside, both lines moving the wrong way.
ROIC dropped from -17.71% to -41.77%, capital efficiency is deteriorating. Negative free cash flow of -$10M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$8M
▼ -12.2% YoY
Net Income (TTM)
-$33M
▼ -95.7% YoY
Op. Margin
-489.73%
▼ -233.0pp YoY
ROIC
-41.77%
▼ -24.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$10M
▼ -0.5% YoY
Op. Cash Flow (TTM)
-$10M
▼ -0.2% YoY
Net Debt
-$45M
Net Cash Position
Cash & Equiv.
$50M
5Y CAGR: +20.0%
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