Wed, May 7, 9:28 PM (5 days ago)
### Financial Summary **Financial Performance:** - **Revenue:** $105,000 for 2024, down from $366,438 in 2023. - **Net Income:** -$3,288,519 for 2024, compared to -$4,672,348 in 2023. - **Operating Expenses:** $1,491,310 for 2024, down from $2,313,856 in 2023. - **Earnings per Share:** -$0.58 for 2024, compared to -$0.84 in 2023. **Strategic Overview:** - **Business Model:** Brag House operates a vertically integrated platform for casual college gamers, focusing on community-driven gaming experiences. - **Key Initiatives:** The company is launching activations under a strategic partnership with Learfield and developing a data insights revenue model. - **Future Outlook:** Brag House aims to scale across Learfield’s properties, expanding brand partnerships in the gaming and esports spaces. **Risk Factors:** - **Financial Condition:** The company has a significant working capital deficiency and has incurred substantial losses. - **Market Position Changes:** The esports industry is intensely competitive, and Brag House faces risks from new entrants and adjacent competitors. **Financial Condition:** - **Cash and Cash Equivalents:** $29,228 as of December 31, 2024. - **Working Capital Deficit:** $9,675,586 as of December 31, 2024. - **Liquidity Needs:** Satisfied through proceeds from the issuance of equity, convertible debt, notes payable, and bridge loans. **Market Position Changes:** - **Competitive Landscape:** The esports industry is highly competitive, with established leagues and emerging start-ups. - **Growth Prospects:** Brag House aims to expand its community of casual gamers and fans, strengthen B2B partnerships, and attract professional streamers and gamers. **Ticker:** TBH **Full Name:** Brag House Holdings, Inc.