Here is another representation of GameStop’s FY23 income statement, this time showing clearly that GameStop had an operating loss of $34.5 M ( compared with an operating loss of $311 M FY22 !)
If not for the $49.5 M from interest income, GameStop would not have had positive net earnings in FY23.
Still up over 300%, and guess what? The AI boom is far from over.
Enjoy the rollercoaster. I’ll keep my stable GAINZ. SMCI +4% today fyi