Financial GuidanceManagement reduced 2024 revenue guidance to $20M-$22M, -13% y/y at the midpoint, from $24M-$27M.
Sector PerformanceA lower EBITDA contribution from media, gaming, and sports betting, which have thus far achieved less traction than initially forecast.
Stock Acquisition ProposalA preliminary non-binding proposal was made to buy all outstanding shares at $1.98 per share, limiting potential stock price gains.