Game Stop Corporation GME CEO Matt Furlong said at the company Fourth Quarter Results Conference that the retailer is much “healthier” today than it was at the start of 2021.

What happened: Furlong said GameStop has “substantial cash on hand, negligible debt, optimized inventories and a path to full-year profitability.”

He said that while the company faced a lot of “hard work” and “execution,” GameStop is a “much healthier business today than it was in early 2021.”

“Our plan is to leverage this strong positioning to continue providing a unique customer experience and long-term shareholder value,” said Furlong.

Figures shared by Furlong indicate the company ended the year with $1.39 billion in cash, cash equivalents and marketable securities. At the end of 2021, GameStop had closed the fiscal year with $1.27 billion.

See also: Is GameStop (GME) Stock a Buy Now?

Why it matters: Furlong compared those GameStop as of early 2021. A period when there was considerable brief interest in the then-ailing company, eventually leading to a retail frenzy.

Retailers took on short sellers in early 2021 in a battle that led to short sellers Melvin capital And Citron research to give up.

GameStop announced Tuesday that its fourth-quarter revenue was $2.25 billion, beating a Street estimate of $2.18 billion.

The company reported earnings per share of 16 cents, which beat Wall Street’s estimate of 13 cents per share Benzinga data.

Price promotion: On Tuesday, GameStop shares surged 48.5% to $26.20 in after-hours trading after closing 4.6% higher at $17.65 in the regular session Benzinga Pro data.

Continue reading: Trading strategies for GameStop Stonk before and after Q4 results