GameStop (GME) ended Q4 2022 with $1.391 billion of cash on hand

In the company's Q4 2022 earnings report, it's noted that GameStop ended the quarter with $1.391 billion cash on hand.

Anthony Behar, AP Images

GameStop has released its financial results for the fourth quarter of 2022 and fiscal year ending on January 28, 2023. According to the report, GameStop ended Q4 2022 with $1.391 billion cash on hand at the close of the quarter.

Elsewhere in the report, it’s noted that net sales were $2.226 billion compared to $2.254 billion in the previous year’s fourth quarter. Net income came in at $48.2 million compared to a net loss of $147.5 million from the prior year’s fourth quarter.

In regards to inventory, this was reported at $682.9 million at the close of the period, “compared to $915.0 million at the close of the prior year’s fourth quarter, reflecting the Company’s ongoing focus on maintaining a health inventory position.”

GameStop (GME) stock showing shares at 17.65 up 0.78 and 4.62 percent
© Yahoo Finance

Overall, it seems like GameStop is heading in the right direction as far as things like cash on hand and net income for its fourth quarter. Additionally, as remarked upon by GameStop, its inventory position is in a decent place. For more on GameStop’s Q4 2022 financial results, be sure to read through the full, official report.

And for more on GameStop, catch up with some of our previous coverage including GameStop (GME) Q4 2022 EPS and revenue expectations, and how GameStop’s NFT Wallet UI dev nftspike is no longer working at the company.

Senior Editor

Morgan is a writer from the frozen wastelands of Maine who enjoys metal music, kpop, horror, and indie games. They're also a Tetris fanatic who's fiercely competitive in games like Tetris 99... and all games in general. But mostly Tetris. You can follow Morgan on Twitter @Author_MShaver.

From The Chatty
Hello, Meet Lola