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A quick overview of GameStop's financial position from 2020 to present, in one table
(lemmy.whynotdrs.org)
Ryan Cohen became chairman on June 9 2021.
How has the company's financial standing change since then?
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.
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?