Allied Esports: Q4 Earnings Snapshot

May 25, 2022 GMT

IRVINE, Calif. (AP) _ Allied Esports Entertainment Inc. (AESE) on Wednesday reported a loss of $6.3 million in its fourth quarter.

The Irvine, California-based company said it had a loss of 17 cents per share. Losses, adjusted to account for discontinued operations, came to 10 cents per share.

The company posted revenue of $1.9 million in the period.

For the year, the company reported net income of $62.9 million, or $1.61 per share, swinging to a profit in the period. Revenue was reported as $5 million.

In the final minutes of trading on Wednesday, the company’s shares hit $1.49. A year ago, they were trading at $2.26.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AESE at https://www.zacks.com/ap/AESE