GameSquare Holdings, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>GameSquare Holdings, Inc. has submitted its 2023 annual 10-K filing, detailing its financial performance and corporate history.</b>

AI Summary

GameSquare Holdings, Inc. (GAME) filed a Annual Report (10-K) with the SEC on April 16, 2024. GameSquare Holdings, Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company was formerly known as Engine Gaming & Media, Inc., Engine Media Holdings, Inc., and Torque Esports Corp. The filing includes financial data for various subsidiaries including Frankly Inc., Stream Hatchet SL, Code Red Esports Ltd, GameSquare Esports Inc., GameSquare Esports USA Inc., GCN Inc., and NextGen Tech LLC. The report was filed on April 16, 2024.

Why It Matters

For investors and stakeholders tracking GameSquare Holdings, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of GameSquare's financial health and operational activities for the fiscal year 2023, crucial for investors to assess the company's performance and future prospects. The historical company name changes listed indicate potential restructuring or rebranding efforts, which could impact investor perception and the company's market positioning.

Risk Assessment

Risk Level: medium — GameSquare Holdings, Inc. shows moderate risk based on this filing. The company has undergone multiple name changes, suggesting a history of restructuring or strategic shifts that could indicate underlying business challenges or evolving market strategies.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 10-K to understand GameSquare's current financial position and operational risks.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-04-16 — Filing Date (Date of submission)
• 2023-01-01 — Fiscal Year Start (Reporting period)
• 2022-12-31 — Prior Year End (Comparison period)

Key Players & Entities

• GameSquare Holdings, Inc. (company) — Filer name
• Engine Gaming & Media, Inc. (company) — Former company name
• Engine Media Holdings, Inc. (company) — Former company name
• Torque Esports Corp. (company) — Former company name
• Frankly Inc. (company) — Subsidiary
• Stream Hatchet SL (company) — Subsidiary
• Code Red Esports Ltd (company) — Subsidiary
• GCN Inc. (company) — Subsidiary

FAQ

Industry Context

GameSquare Holdings operates within the broader entertainment and media sector, with a focus on esports and gaming.

Regulatory Implications

The filing is a standard 10-K annual report required by the Securities and Exchange Commission (SEC) for publicly traded companies in the United States.

What Investors Should Do

1. Review the full 10-K document for detailed financial statements and management discussion.
2. Analyze the risk factors section to understand potential challenges facing GameSquare.
3. Compare the 2023 financial data with previous years to identify trends and performance changes.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-04-16: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing for GameSquare Holdings, Inc. as a consolidated entity, following previous filings under former company names.

Key Financial Figures

• $0.0001 — nge on Which Registered Common Stock, $0.0001 par value GAME The NASDAQ Stock Mar
• $3.01 — ,906,523 based on the closing price of $3.01 as reported by The Nasdaq Stock Market.

Filing Documents

• form10-k.htm (10-K) — 1703KB
• ex4-2.htm (EX-4.2) — 9KB
• ex21.htm (EX-21) — 14KB
• ex23.htm (EX-23) — 4KB
• ex31-1.htm (EX-31.1) — 16KB
• ex31-2.htm (EX-31.2) — 15KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• ex97.htm (EX-97.1) — 44KB
• form10-k_001.jpg (GRAPHIC) — 3KB
• audit_001.jpg (GRAPHIC) — 11KB
• audit_002.jpg (GRAPHIC) — 6KB
• ex23_001.jpg (GRAPHIC) — 13KB
• ex23_002.jpg (GRAPHIC) — 61KB
• 0001493152-24-014809.txt (&nbsp;) — 10147KB
• game-20231231.xsd (EX-101.SCH) — 79KB
• game-20231231_cal.xml (EX-101.CAL) — 110KB
• game-20231231_def.xml (EX-101.DEF) — 347KB
• game-20231231_lab.xml (EX-101.LAB) — 654KB
• game-20231231_pre.xml (EX-101.PRE) — 519KB
• form10-k_htm.xml (XML) — 1581KB

Business

Item 1. Business 2

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 6

Cybersecurity

Item 1C. Cybersecurity 6

Properties

Item 2. Properties 6

Legal Proceedings

Item 3. Legal Proceedings 7

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 8 PART II

Market for Registrant's

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 8

[Reserved]

Item 6. [Reserved] 8

Management's Discussion

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 9

Financial Statements and

Item 8. Financial Statements and Supplementary Data F-1

Changes in and Disagreements

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 25

Controls and Procedures

Item 9A. Controls and Procedures 25

Other Information

Item 9B. Other Information 26

Disclosure Regarding Foreign

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 26 PART III

Directors, Executive Officers

Item 10. Directors, Executive Officers and Corporate Governance 26

Executive Compensation

Item 11. Executive Compensation 26

Security Ownership of Certain

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 26

Certain Relationships and

Item 13. Certain Relationships and Related Transactions, and Director Independence 27

Principal Accounting Fees

Item 14. Principal Accounting Fees and Services 27 PART IV Item 15. Exhibits and Financial Statement Schedules 27 i Part I. Cautionary This Annual Report on Form 10-K (this "Annual Report") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") that involve substantial risks and uncertainties. These forward-looking statements depend upon events, risks and uncertainties that may be outside of our control. All statements other than statements of historical fact are forward-looking "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking without limitation, our expectations concerning the outlook for our business, productivity, plans and goals for future operational improvements and capital investments, operational performance, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, as well as any information concerning possible or assumed future results of operations. Forward-looking or implied in those statements. Important factors that could cause such differences include, but are not limited to: the sufficiency of our cash, cash equivalents and investments to meet our liquidity needs; our limited operating history and uncertain future prospects and rate of growth due to our limited operating his

View Full Filing

View this 10-K filing on SEC EDGAR