Mobile Global Esports | 10-Q: FY2025 Q2 Revenue: USD 1.564 K
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q2, the actual value is USD 1.564 K.
EPS: As of FY2025 Q2, the actual value is USD -0.02.
EBIT: As of FY2025 Q2, the actual value is USD -832.89 K.
Segment Revenue
- Revenue for the six months ended June 30, 2025, was $1,564, compared to $0 for the same period in 2024.
Operational Metrics
- Net loss for the six months ended June 30, 2025, was - $832,894, a decrease from - $1,115,452 for the same period in 2024, representing a 25% improvement.
- General and administrative expenses for the six months ended June 30, 2025, were $845,525, down from $1,114,199 for the same period in 2024, a decrease of 24%.
Cash Flow
- Net cash used in operating activities for the six months ended June 30, 2025, was - $512,620, compared to - $1,034,531 for the same period in 2024.
- Net cash used in investing activities for the six months ended June 30, 2025, was - $40,000, unchanged from the same period in 2024.
- Net cash provided by financing activities for the six months ended June 30, 2025, was $220,000, compared to net cash used of - $65,040 for the same period in 2024.
Unique Metrics
- The company issued 1,500,000 shares of common stock for services valued at approximately $81,000 during the three months ended June 30, 2025.
Future Outlook and Strategy
- Core Business Focus: The company plans to use proceeds from previous funding rounds for operating expenses, marketing, event expenses, and strategic partnerships, with a focus on expanding its esports offerings and enhancing its technology platform.
- Non-Core Business: The company has significantly decreased its operational activity in India and shut down its office there, which contributed to a reduction in expenses.
