Super League Answers Recently Asked Investor Questions - Seite 2

Have all potential cost cuts been identified and then since eliminated or is there more to come?
Today we have eliminated approximately 35% of costs from our business compared to the second quarter of 2022. We attacked our infrastructure cost which was our second largest line item while looking at each line for products, specifically non-growth products, to eliminate. Any ‘fat’ that was present is no longer in existence or present today leaving us with a lean cost structure focused on revenue generating assets.

Why has the share price not responded as planned?
While we do not believe it is appropriate to speculate as to why the share price performance is not stronger, despite our continued execution against our strategic initiatives, we want to express our disappointment. We cannot control the stock market and therefore are focused on the variables of our business that we can control such as revenue growth and cost controls. As a result, we believe that our continued diligence and execution in addition to ongoing investor outreach and education efforts will translate to value that is ultimately reflected in our share price.

How are you thinking about the Nasdaq minimum bid deficiency cure?
At the upcoming annual shareholder meeting our shareholders will have the opportunity to vote on a reverse split to remedy the Nasdaq minimum bid deficiency. While we were hoping to find alternative ways in which we could potentially remedy the stock price, we must be realistic and believe it is in the best interest of our shareholders to regain compliance with Nasdaq listing requirements.  

Industry and Business

How is your offering compelling to brands?
As brands look to create immersive spaces as an extension of their web presence, Super League is ready to step in with our one-stop shop solution. Brands get acquainted with our powerful immersive engine to reach elusive valuable young audiences and achieve campaign-oriented marketing objectives. Brands stay and spend increasingly more with us because they see having a persistent channel in these worlds as a marketing requirement – no different than the need to have a TikTok or YouTube channel. Yet that is not the end game – it is not the big prize for Super League and our shareholders. It is where our business model is headed, but it is happening now, as we lend our enterprise solution to transform and modernize their overall web strategy and presence.