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Super League Reports First Quarter 2025 Financial Results

Core Insights - Super League is focused on streamlining operations to reduce operating expenses and net loss, aiming to achieve EBITDA positivity by Q4 2025 [1][3] - The company has successfully entered the mobile games market, which now constitutes 15% of its revenues, as part of its strategy for revenue diversification and higher-margin programs [4][5] - Super League acquired Supersocial, enhancing its Roblox business with 49 immersive builds that have garnered over 390 million visits and 3 billion impressions [5] - The company has a strong pipeline of nearly $20 million in active opportunities across approximately 100 programs, positioning itself at the intersection of interactive entertainment and advertising [6] Financial Performance - For Q1 2025, Super League reported revenues of $2.718 million, a decrease from $4.209 million in Q1 2024 [12] - The cost of revenue was $1.522 million, leading to a gross profit of $1.196 million [12] - Total operating expenses were reduced to $4.827 million from $6.337 million year-over-year, resulting in a net operating loss of $3.631 million, improved from a loss of $4.605 million in the previous year [12] - The net loss for Q1 2025 was $4.230 million, compared to a net loss of $5.260 million in Q1 2024, indicating a year-over-year improvement [12][14] Balance Sheet Overview - As of March 31, 2025, total assets were $9.784 million, down from $11.711 million at the end of 2024 [10] - Total liabilities increased to $13.245 million from $11.541 million, with current liabilities rising significantly [10] - Stockholders' equity showed a deficit of $3.461 million, compared to a positive equity of $170,000 at the end of 2024 [10] Cash Flow Analysis - Net cash used in operating activities for Q1 2025 was $2.203 million, an improvement from $3.743 million in Q1 2024 [16] - The company generated $1.357 million in net cash from financing activities, contrasting with a cash outflow of $430,000 in the same period last year [16] - Cash and cash equivalents decreased to $747,000 from $1.310 million at the beginning of the period [17]