Gamesquare Holdings Inc (GAME)

[KingsKnight]

2Q21 Earnings Release...

https://stockhouse.com/news/press-releases/2021/05/03/engine-media-reports-second-quarter-fiscal-2021-financial-results

Net loss from continuing operations for the second quarter of 2021 was $27.1 million compared to $1.4 million in the same year ago period. The increase in net loss was primarily due to a non-cash expense for the change in the fair value of our warrant liability and convertible debt and loss on extinguishment of debt of $19.5 million in the second quarter compared to $2.6 million (income) in the same period a year ago. From an accounting perspective, this change reflects our success in raising equity financing in the past two quarters as well as the increase in our share price. We regard both of these circumstances as positive factors and view our outstanding warrants, as they are exercised, as a significant potential source of additional funding for our business. If all warrants outstanding and exercisable as of February 28, 2021 were exercised, the Company would receive cash from exercise of approximately $73.7 million