Allied Gaming & Entertainment Delays Quarterly Report

Allied Gaming & Entertainment ( (AGAE) ) has released a notification of late filing.

Allied Gaming & Entertainment Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The primary reason for the delay is the company’s inability to file its Annual Report on Form 10-K (Yearly Report) for the fiscal year ended December 31, 2024, which has subsequently delayed the preparation of the Quarterly Report. The company is actively working to complete the Form 10-K but has not provided a specific timeline for its filing. Consequently, the Form 10-Q will be filed as soon as practicable after the Form 10-K. There are no anticipated significant changes in financial results from the previous year. The notification was signed by Roy Anderson, the Chief Financial Officer, who assured ongoing compliance efforts.

Spark’s Take on AGAE Stock

According to Spark, TipRanks’ AI Analyst, AGAE is a Neutral.

Allied Gaming & Entertainment struggles with financial performance due to negative profitability and cash flow issues. Technical indicators show some short-term positive momentum, but caution is advised due to potential overbought conditions. Valuation remains challenging with a negative P/E ratio and no dividend yield. The earnings call reflects mixed sentiment with strong revenue growth but significant net losses impacting the overall outlook.

To see Spark’s full report on AGAE stock, click here.

More about Allied Gaming & Entertainment

Average Trading Volume: 112,489

Technical Sentiment Signal: Buy

Current Market Cap: $70.13M

Learn more about AGAE stock on TipRanks’ Stock Analysis page.