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Super League Reports First Quarter 2025 Financial Results

1. SLE aims for EBITDA profitability by Q4 2025. 2. The company reduced net loss from $5.26M to $4.23M year-over-year. 3. SLE's mobile games now contribute 15% to revenue amidst strategic shift. 4. Recent acquisition of Supersocial expands Roblox reach significantly. 5. A strong pipeline exists, targeting $20M in opportunities across 100 programs.

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Why Bullish?

The positive trajectory towards EBITDA profitability and strategic expansion suggests increased confidence among investors, reminiscent of other companies in turnaround phases successfully achieving profitability.

How important is it?

SLE's focus on operational efficiency, profitability, and strategic acquisitions indicates a proactive approach that could appeal to investors, thus likely impacting stock price positively.

Why Long Term?

SLE is positioned for long-term growth through strategic acquisitions and diversification in revenues. Historical examples include tech firms that adjusted to market trends and saw sustained growth.

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RBLXEAATVI
May 15, 2025 16:15 ET  | Source: Super League Enterprise ~ Company Maintains Focus on Streamlining Operations: Substantially Reduces Operating Expenses & Net Loss ~ ~ On Track to Reach EBITDA Positive in Q4 ~ SANTA MONICA, Calif., May 15, 2025 (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE), a leader in engaging audiences through playable media, content, and experiences, today released first quarter 2025 financial results. Super League Chief Executive Officer, Matt Edelman Commented: “Our first quarter 2025 was a period of realignment for Super League in an effort to adapt to structural shifts in the Roblox ad ecosystem and macro headwinds while positioning ourselves to achieve EBITDA profitability leading to long-term sustainable growth. As outlined during our previous quarterly conference call, our strategy calls for streamlined operations through cost controls, revenue diversification and a focus on larger, higher margin programs. Our successful entrance into the mobile games arena exemplifies this strategic shift, having already grown to 15% of our revenues.       Against the backdrop of increasing industry consolidation, we recently acquired Supersocial, an award-winning Roblox studio with previous clients including Gucci, e.l.f. beauty, Walmart, Universal Music Group, and more. With just that one deal, we now have a Roblox business that has delivered 49 immersive builds, racking up more than 390 million visits and 3+ billion impressions on the platform. We continue to target potential strategic opportunities that present clear revenue and cost synergies and accelerate our path to EBITDA positive. Looking ahead, we have a strong pipeline of nearly $20 million in active opportunities across approximately 100 programs. Super League sits at the thriving intersection of interactive entertainment and advertising. We see a lucrative opportunity in the future of playable media and continue to gain the trust of dozens of iconic brands every year, which puts us at the forefront of this important space. We are one of the leaders in making brands playable and believe we will be one of the winners to capitalize on the massive shift of consumer time spent consuming playable content, with a plan and approach designed to create long-term sustainable value for our shareholders.” The Company will host a webinar at 5:00 p.m. Eastern Time today, May 15, 2025, to discuss financial results, provide a corporate update and end with a question-and-answer session. To participate, please use the following information. Super League First Quarter 2025 Earnings Webinar Date:Thursday, May 15, 2025Time:5:00 pm Eastern TimeDial-in:1-877-407-0779International Dial-in:1-201-389-0914Webinar:Register Here A replay will be available within 24 hours after the webinar and can be accessed here or on the Company’s investor relations website at https://ir.superleague.com/. For any questions related to the Company’s first quarter 2025 financial results, please contact SLE@mzgroup.us. About Super League Super League (Nasdaq: SLE) is redefining how brands connect with consumers through the power of playable media. The Company provides global brands with ads, content, and experiences that are not only seen - they’re played, felt, and remembered - within mobile games and the world’s largest immersive gaming platforms. Powered by proprietary technology, an award-winning development studio, and a vast network of native creators, Super League is a one-of-a-kind partner for brands looking to stand out in culture, spark loyalty, and drive meaningful impact. In a world where attention is earned, Super League makes brands relevant - by making them playable. For more information, visit superleague.com. Investor Relations Contact:Shannon Devine/ Mark SchwalenbergMZ North AmericaMain: 203-741-8811SLE@mzgroup.us  SUPER LEAGUE ENTERPRISE, INC.CONSOLIDATED BALANCE SHEETSMARCH 31, 2025 AND DECEMBER 31, 2024(In U.S. dollars, rounded to the nearest thousands, except share and per share data)        March 31, 2025 December 31, 2024Assets    Cash and cash equivalents $747,000  $1,310,000 Accounts receivable  2,568,000   3,766,000 Prepaid expenses and other current assets  958,000   677,000 Total current assets  4,273,000   5,753,000      Property and Equipment, net  18,000   24,000 Intangible and Other Assets, net  3,629,000   4,070,000 Goodwill  1,864,000   1,864,000 Total assets $9,784,000  $11,711,000      Liabilities    Accounts payable and accrued expenses $5,373,000  $5,282,000 Accrued contingent consideration  124,000   138,000 Promissory note - contingent consideration  1,727,000   1,735,000 Contract liabilities  633,000   50,000 Notes payable and accrued interest  5,008,000   3,240,000 Total current liabilities  12,865,000   10,445,000 Deferred taxes  161,000   161,000 Warrant liability  219,000   935,000 Total liabilities   13,245,000   11,541,000      Stockholders’ Equity    Preferred Stock  -   - Common Stock  95,000   94,000 Additional paid-in capital  270,710,000   270,111,000 Accumulated deficit  (274,266,000)  (270,035,000)Total stockholders’ equity  (3,461,000)  170,000 Total liabilities and stockholders’ equity $9,784,000  $11,711,000   SUPER LEAGUE ENTERPRISE, INC.CONSOLIDATED STATEMENTS OF OPERATIONSFOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024(In U.S. dollars, rounded to the nearest thousands, except share and per share data)   Three Months Ended March 31,   2025   2024      REVENUE $2,718,000  $4,209,000 COST OF REVENUE  (1,522,000)  (2,477,000)     GROSS PROFIT  1,196,000   1,732,000      OPERATING EXPENSES    Selling, marketing and advertising  2,392,000   2,277,000 Engineering, Technology and Development  929,000   1,699,000 General and administrative  1,520,000   2,102,000 Contingent consideration  (14,000)  259,000 TOTAL OPERATING EXPENSES  4,827,000   6,337,000      NET OPERATING LOSS  (3,631,000)  (4,605,000)     OTHER INCOME (EXPENSE)    Gain on sale of intangible assets  243,000   144,000 Interest expense, including change in fair value of promissory notes carried at fair value  (1,402,000)  (18,000)Change in fair value of warrant liability  717,000   (761,000)Other  (157,000)  (20,000)OTHER INCOME (EXPENSE)  (599,000)  (655,000)         LOSS BEFORE BENEFIT FROM INCOME TAXES  (4,230,000)  (5,260,000)     PROVISION FOR INCOME TAXES  -   -      NET LOSS $(4,230,000) $(5,260,000)     Net loss attributable to common stockholders - basic and diluted    Basic and diluted net loss per common share $(0.25) $(1.00)Weighted-average number of shares outstanding, basic and diluted $16,953,860  $5,240,755   SUPER LEAGUE ENTERPRISE, INC.RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION (UNAUDITED)FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024(In U.S. dollars, rounded to the nearest thousands, except share and per share data)   Three Months Ended March 31,   2025   2024      GAAP net loss $(4,230,000) $ (5,260,000)Add back:    Non-cash stock compensation  284,000   332,000 Non-cash amortization of intangibles  541,000   683,000 Change in fair value of warrant liability  (717,000)  761,000 Other  443,000   136,000 Proforma net loss $(3,679,000) $(3,348,000)     Pro forma non-GAAP net loss per common share — diluted $(0.22) $(0.64)Non-GAAP weighted-average shares — diluted  16,953,860   5,240,755   SUPER LEAGUE ENTERPRISE, INC.CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024(In U.S. dollars, rounded to the nearest thousands)  Three Months Ended March 31,  2025   2024     Operating Activities   Net loss$(4,230,000) $(5,260,000)Adjustments to reconcile net loss to net cash used in operations:   Depreciation and amortization 547,000   700,000 Stock-based compensation 284,000   332,000 Change in fair value of warrant liability (717,000)  761,000 Change in fair value of contingent consideration (59,000)  116,000 Change in fair value of debt at fair value 495,000   - Gain on sale of intangible assets (243,000)  (144,000)Fair value of noncash legal settlement and other noncash charges -   164,000 Changes in assets and liabilities   Accounts Receivable 1,198,000   2,048,000 Prepaid Expenses and Other Assets (352,000)  (48,000)Accounts payable and accrued expenses 107,000   (2,548,000)Accrued contingent consideration -   142,000 Contract liabilities 583,000   (6,000)Accrued interest on notes payable 184,000   - Net Cash Used in Operating Activities (2,203,000)  (3,743,000)    Investing Activities   - Proceeds from sale of Minehut Assets 383,000   - Capitalization of software development costs (100,000)  (125,000)Net Cash Used in Investing Activities 283,000   (125,000)    Financing Activities   Proceeds from issuance of common stock, net of issuance costs 231,000   - Proceeds from the issuance of promissory notes, net of issuance costs 3,079,000   - Payments on promissory notes (2,075,000)  - Accounts receivable facility advances 259,000   371,000 Payments on accounts receivable facility (137,000)  (801,000)Net Cash Provided by (Used in) Financing Activities 1,357,000   (430,000)    Net Decrease in Cash and Cash Equivalents (563,000)  (4,298,000)Cash and Cash Equivalents at Beginning of the Period 1,310,000   7,609,000 Cash and Cash Equivalents at End of the Period$747,000  $3,311,000 

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