Q2 2024 Super League Enterprise Inc Earnings Call Transcript
Key Points
- Super League Enterprise Inc (SLE) reported a 25% decrease in Q2 pro forma operating expenses and a 23% decrease in operating losses compared to the same quarter last year.
- The company has seen a 3x increase in dedicated build revenues since acquiring Melon Studios.
- Super League Enterprise Inc (SLE) has established strong partnerships with major global brands such as Visa, Google, and Universal Pictures, leading to significant immersive experiences.
- The company has a robust pipeline featuring 51 repeat customers and 68 new brand entrants, indicating strong future revenue potential.
- Super League Enterprise Inc (SLE) is focusing on productization, which is expected to improve margins and reduce costs for new brand entrants.
- Top line revenues were flat sequentially, with approximately $1.8 million in expected revenues deferred due to delayed advertiser launch dates.
- The company is operating with approximately 15% less headcount than last year, which may impact its ability to scale quickly.
- Prolonged inflation and softening consumer spend have created macroeconomic challenges, affecting ad sales.
- There is a significant learning curve for new sellers, which has led to a temporary loss of momentum in Q2.
- Despite the positive outlook, the company has yet to achieve its first profitable quarter, which is targeted for Q4 of this year.
Greetings, and welcome to the Super League Second Quarter 2020 Conference Call. Please note, this conference is being recorded. Before we begin, I'd like to caution listeners that comments made by management during this call may include forward-looking statements within the meaning of applicable securities laws. These statements involve material risks and uncertainties, and actual results could differ from those projected in any forward-looking statements due to numerous factors. For a description of these risks and uncertainties, please see Super League's financial statements and MD&A for the second quarter 2024 ended June 30, 2024, available on EDGAR.
Important qualifications regarding forward-looking statements are also contained in Super League's earnings release distributed earlier this afternoon and also available on EDGAR. Furthermore, the content of this conference call contains time-sensitive information accurate only as of today, August 14, 2024. Super League undertakes no obligation to revise or otherwise update any statements to reflect events or circumstances after the date of
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