EBET - EBET scales 11% on improvements in net loss and adjusted EBITDA for first two months of Q4
- EBET ( NASDAQ: EBET ) reports progress significant progress in reducing net loss and increasing adjusted EBITDA for the two months ended August 2022.
- Net loss for this two-month period to be $3.8M, with an adjusted EBITDA that was approximately breakeven based on unaudited interim financial results.
- This compares to Q3 net loss of $9M and negative adjusted EBITDA of $4M.
- Represents an average turnaround of ~$1.7M per month in net loss and $1.4M per month in adjusted EBITDA for the two months ended August 2022.
- Stock rises 11.2% during pre-market.
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EBET scales 11% on improvements in net loss and adjusted EBITDA for first two months of Q4