Enthusiast Gaming Holdings (TSE:EGLX) has released an update.
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Enthusiast Gaming Holdings reported a significant shift towards profitability in Q2 2024, with a 30% increase in unique web visitors and a substantial $20 million debt financing to bolster growth. Despite a slight adjusted EBITDA loss, the company has improved revenue quality by focusing on high-margin areas, which resulted in a 66.2% gross margin and a decreased net loss compared to the previous year.
For further insights into TSE:EGLX stock, check out TipRanks’ Stock Analysis page.