Ryan Cohen became chairman on June 9 2021.
How has the company's financial standing change since then?
A quick overview of GameStop's financial position from 2020 to present, in one table
Ryan Cohen became chairman on June 9 2021.
How has the company's financial standing change since then?
10 Comments
jersan@lemmy.whynotdrs.org · 9 pts · 2y
In order to achieve full-year profitability, GameStop will need to achieve a net income of + $57 million in Q4 2023.
DiamondHansGruber@lemmy.whynotdrs.org · 6 pts · 2y
Time to buy more games 💎👌
regolith@lemmy.whynotdrs.org · 5 pts · 2y
Net income Q4 2022 was $48 million, and their revenue during Q4 most years is around 2 Billion compared to around 1Billion for each of Q1, Q2, Q3.
ZombiezzzPlz@lemmy.whynotdrs.org · 9 pts · 2y
This is beautiful, thanks for making this,
Also the DRS number is fake 0.0 change between quarters is the most telling part. I think the DTC is forcing GameStop to report this way
jersan@lemmy.whynotdrs.org · 8 pts · 2y
Note regarding earnings/loss per share, the stock-split was in July 2022 which is why there is a big jump between Q1 22 and Q2 22.
Darkhoof@lemmy.world · 7 pts · 2y
We are going to have a profitable 2023. Compared with last year and 2021 the results are amazing.
JensenAbler@lemmy.world · 7 pts · 2y
This is helpful, thanks!
Dickarus@lemmy.world · 6 pts · 2y
Great spreadsheet! Thanks for the info!
AnimorphFan1996@lemmy.whynotdrs.org · 6 pts · 2y
Great chart –– it lets people make their own judgments based on the facts! I will give the bull case, and if you disagree, then feel free to give the bear case. For the latest quarter, stockholder equity is $1.3 billion, and net loss is $3 million. $1.3 billion / ($3 million / year) = 433.3 years. This is sufficient runway to turn the company around.
AlDente@sh.itjust.works · 6 pts · 2y
Revenue may be down $3 million, but cash and cash equivalents increased $15 million (from $1.195 billion to $1.210 billion). Doesn't this mean they're actually gaining money, just not from direct sales?