On November 1st, GameSquare Esports Inc. unveiled the organization’s financial results for Q3 2021. The company announced that it reportedly generated revenues of $1.97 million during Q3 2021.
The third quarter ended very well for GameSquare Esports. The organization reportedly secured $10.47 million in cash and $9.9 million in working capital by the time Q3 2021 had ended.
GameSquare also revealed that it has recorded revenues of $2.8 million during Q4 2021. This number was last updated as of October 28th, 2021.
“We have made great progress over the last twelve months and Q3 has been truly transformational for GameSquare,” said Justin Kenna, CEO of GameSquare. “We have been active in acquiring assets that enable us to execute on our strategic vision and we have now turned much of our attention to integrating the assets to accelerate revenue growth while keeping profitability top of mind in every decision that we make. The acquisition of Complexity Gaming and the addition of TimTheTatman positions GameSquare as a leading esports organization and we are just getting started. Our agency business was strengthened by the acquisition of Cut+Sew and the work that we have done to realize revenue synergies with GCN and Code Red is happening faster than we expected, as evidenced by the strength of our preliminary Q4 results. I would like to reiterate that early progress in Q4 gives us continued confidence that our illustrative revenue projections of $28 million for calendar 2022 is realistic and achievable.”
(All information was provided by GlobeNewswire)
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