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SLGG - Super League Joins The Metaverse But Profitability Issues Remain
Super League Gaming Inc.
Super League made several acquisitions during 2021 and it’s positioning itself as a Metaverse company.
Revenues more than quintupled in 2021 and reached $11.7 million.
However, a significant part of the increase came from the newly acquired companies and the net loss increased to $20.7 million from $18.7 million a year earlier.
Considering Super League had $14.5 million in cash and cash equivalents as of December, I think that significant stock dilution in the near future is likely.