Filing Flows › Sports Entertainment Gaming Global (SEGG) › Q4 2024
Sports Entertainment Gaming Global (SEGG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 21, 2025
Sports Entertainment Gaming Global (SEGG) reported revenue of $349K for the fourth quarter 2024 (Q4 2024), -94% from a year earlier and +74% from the quarter before. Operating margin was -895.8%.
Sports Entertainment Gaming Global, Q4 2024: revenue $349K (-94% year over year), operating margin -895.8%, net loss $8.9M, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $349K | +74% | -94% |
| Operating profit | −$3.1M | — | — |
| Net earnings | −$8.9M | — | — |
| Operating cash flow | −$2.5M | — | — |
What changed
Revenue was $349K in Q4 2024, down 94% year over year and up 74% from the previous quarter.
Gross margin was 69.8%. Operating costs exceeded revenue by $3.1M, an operating margin of -895.8%. The quarter ended with a net loss of $8.9M, wider than the previous quarter's $8.1M loss. Minority interests bore $93K of it: to shareholders the quarter was a loss of $8.8M. Net interest and other expense of $5.8M was the main reason.
Operating cash flow was −$2.5M. Non-cash charges added back $1.2M of depreciation and amortization. Working capital and other items added $5.2M.
Questions
What was Sports Entertainment Gaming Global's revenue in the fourth quarter 2024?
Sports Entertainment Gaming Global (SEGG) reported revenue of $349K for the fourth quarter 2024 (Q4 2024), -94% from a year earlier and +74% from the quarter before.
Was Sports Entertainment Gaming Global profitable in the fourth quarter 2024?
Operating loss was $3.1M (-895.8% of revenue) and net loss $8.9M.
Source: Sports Entertainment Gaming Global 10-K on SEC EDGAR.