On November 23rd, Engine Gaming & Media Inc. announced the company’s Q4 2021 and 2021 fiscal year financial results. The organization’s 2021 fiscal year ended on August 31st, 2021.
Total revenue hit $37.2 million this year, representing a 253% increase year-over-year. Total revenue for the fourth quarter was $11.8 million which signifies a $4.8 million rise from Q4 2020.
Engine Gaming had $15.3 million in cash and $8.6 million in receivables as of August 31st, 2021. Additionally, the organization had $10.4 million in surplus working capital.
“Engine has made strong progress in building a uniquely differentiated company at the intersection of gaming and media which enables us to participate in a series of macro growth trends that touch social gaming, social commerce, data analytics, and monetization of media,” said Lou Schwartz, Chief Executive Officer. “Our unique competitive advantage is fully realized when we leverage our assets to surface targeted audiences that can be monetized through business to business or direct to consumer social experiences. Key product and client developments have been strong catalysts for the Company’s progress.”
(All information was provided by Yahoo! Finance)
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