Enthusiast Gaming Names Felicia Dellafortuna As CFO; Succeeds Alex Macdonald Effective Nov. 14
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Enthusiast Gaming Names Felicia Dellafortuna As CFO; Succeeds Alex Macdonald Effective Nov. 14
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/24/2021 | $7.00 → $8.00 | Buy | HC Wainwright & Co. |
| 11/12/2021 | $10.00 → $7.00 | Buy | HC Wainwright & Co. |
| 10/1/2021 | Outperform | RBC Capital Mkts | |
| 10/1/2021 | $9.00 | Outperform | RBC Capital |
| 6/23/2021 | $10.00 | Buy | HC Wainwright & Co. |
LOS ANGELES, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. ("Enthusiast Gaming" or the "Company") (TSX:EGLX) today announced the appointment of Felicia DellaFortuna as Chief Financial Officer, effective November 14, 2023. Ms. DellaFortuna joins the Company from BuzzFeed, Inc., where she spent the last eight years, most recently serving as Chief Financial Officer since 2020. She succeeds Alex Macdonald, who will continue to serve with the Company in a strategic advisory role, focusing on strategic initiatives and facilitating a smooth transition as Ms. DellaFortuna assumes the duties of Chief Financial Officer. DellaFortuna is an accomplished finance leader with a dem
LOS ANGELES, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. ("Enthusiast Gaming" or the "Company") (TSX:EGLX), a leading gaming media and entertainment company, today announced financial results for the three and nine months ended September 30, 2023 ("Q3 2023"). Q3 2023 Financial Highlights Revenue of $45.6 million, a decrease of 10% compared to Q3 2022Gross profit of $16.7 million, an increase of 1% compared to Q3 2022, with gross profit margins expanding 400 basis points year-over-year to 36.7%Operating expenses of $25.0 million, a decrease of 6% compared to Q3 2022Ended the quarter with $2.8 million of cash, along with $4.5 million availability on the operat
LOS ANGELES, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. ("Enthusiast Gaming" or the "Company") (TSX:EGLX) today announced that Luminosity Gaming, the Company's esports brand and one of the largest esports organizations in the world, has returned to Rocket League after a one-year hiatus. In connection with its return, Luminosity Gaming has secured two of the top North American competitors and former OpTic Gaming team members Retals and MaJicBear, positioning Luminosity to be immediately competitive in the North American scene. Luminosity Gaming expects to add a third team member in the coming weeks. "We have been waiting on the sidelines to find the right team to re
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LOS ANGELES, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. ("Enthusiast Gaming" or the "Company") (TSX:EGLX), a leading gaming media and entertainment company, today announced financial results for the three and nine months ended September 30, 2023 ("Q3 2023"). Q3 2023 Financial Highlights Revenue of $45.6 million, a decrease of 10% compared to Q3 2022Gross profit of $16.7 million, an increase of 1% compared to Q3 2022, with gross profit margins expanding 400 basis points year-over-year to 36.7%Operating expenses of $25.0 million, a decrease of 6% compared to Q3 2022Ended the quarter with $2.8 million of cash, along with $4.5 million availability on the operat
LOS ANGELES, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. ("Enthusiast Gaming" or the "Company") (NASDAQ:EGLX, TSX:EGLX) will report financial and operating results for its third quarter ending September 30, 2023, on Monday, November 13, 2023, after the market closes. Management will host a conference call and webcast that same day at 5:00 p.m. ET. Conference call details: Toll Free: 1-855-239-1101 (Conference ID: 10183500) Live Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1639210&tp_key=0dd483b8ce An archived recording of the webcast will be available on the Investor Relations page of the Enthusiast Gaming website, enthusiastgaming.com/investors.
LOS ANGELES, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. ("Enthusiast Gaming" or the "Company") (NASDAQ:EGLX, TSX:EGLX), a leading gaming media and entertainment company, today announced financial results for the three and six months ended June 30, 2023 ("Q2 2023"). Q2 2023 Financial Highlights Revenue was $42.6 million in Q2 2023 compared to $51.1 million in Q2 2022. The decrease was concentrated in low-margin revenue streams, reflecting the lower CPMs in the programmatic ad market and the strategic focus on higher margin revenue.Gross profit was $15.0 million, with margins expanding 520 basis points year-over-year to 35.2%.Brand Solutions revenue of $8.7 million a
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HC Wainwright & Co. reiterated coverage of Enthusiast Gaming with a rating of Buy and set a new price target of $8.00 from $7.00 previously
HC Wainwright & Co. reiterated coverage of Enthusiast Gaming with a rating of Buy and set a new price target of $7.00 from $10.00 previously
RBC Capital Mkts initiated coverage of Enthusiast Gaming Holdings with a rating of Outperform
LOS ANGELES, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. ("Enthusiast Gaming" or the "Company") (TSX:EGLX) today announced the appointment of Felicia DellaFortuna as Chief Financial Officer, effective November 14, 2023. Ms. DellaFortuna joins the Company from BuzzFeed, Inc., where she spent the last eight years, most recently serving as Chief Financial Officer since 2020. She succeeds Alex Macdonald, who will continue to serve with the Company in a strategic advisory role, focusing on strategic initiatives and facilitating a smooth transition as Ms. DellaFortuna assumes the duties of Chief Financial Officer. DellaFortuna is an accomplished finance leader with a dem
LOS ANGELES, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. ("Enthusiast Gaming" or the "Company") (TSX:EGLX) today announced that Luminosity Gaming, the Company's esports brand and one of the largest esports organizations in the world, has returned to Rocket League after a one-year hiatus. In connection with its return, Luminosity Gaming has secured two of the top North American competitors and former OpTic Gaming team members Retals and MaJicBear, positioning Luminosity to be immediately competitive in the North American scene. Luminosity Gaming expects to add a third team member in the coming weeks. "We have been waiting on the sidelines to find the right team to re
LOS ANGELES, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. ("Enthusiast Gaming" or the "Company") (NASDAQ:EGLX, TSX:EGLX), the leading gaming media and entertainment company in North America, today announced that Bill Karamouzis has tendered his resignation as President to pursue other professional endeavors, effective immediately. He will continue to serve the Company as an advisor. "I've been fortunate to be a part of Enthusiast Gaming's journey for over two years, and during that time, we've grown from a collection of acquisitions to an integrated team that can build amazing products and marketing solutions at scale," commented Mr. Karamouzis. "We are innovators at