AGAE announced a 21% rise in revenue for 2023, reaching $7.7 million.
They attributed this growth to increased sponsorship revenue from HyperX Arena Las Vegas and strategic investments in Z-Tech.
Despite overall costs dropping by 21%, legal fees slightly rose to $0.4 million. However, AGAE still faced a loss of $4.6 million in adjusted EBITDA for 2023, an improvement from the $8.6 million loss in 2022.
They attributed this growth to increased sponsorship revenue from HyperX Arena Las Vegas and strategic investments in Z-Tech.
Despite overall costs dropping by 21%, legal fees slightly rose to $0.4 million. However, AGAE still faced a loss of $4.6 million in adjusted EBITDA for 2023, an improvement from the $8.6 million loss in 2022.
