See more : Clover Leaf Capital Corp. (CLOEU) Income Statement Analysis – Financial Results
Complete financial analysis of FansUnite Entertainment Inc. (FUNFF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of FansUnite Entertainment Inc., a leading company in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector.
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FansUnite Entertainment Inc. (FUNFF)
About FansUnite Entertainment Inc.
FansUnite Entertainment Inc. operates as a sports and entertainment company. It focuses on technology related to regulated and lawful online sports betting, esports betting, casino, and other related products. The company also offers MCbookie sportsbook, a sports betting services that focuses on Scottish sporting action; and VAMOS GG, an esports sportsbook and casino site platform. In addition, it provides white label solutions for esports, traditional sports, and casinos; and casino games under the ASKOTT games. The company was incorporated in 2018 and is headquartered in Vancouver, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 23.72M | 27.30M | 5.60M | 1.56M | 0.00 | 8.31K | 20.12K |
| Cost of Revenue | 8.84M | 12.45M | 2.72M | 1.02M | 341.87K | 214.64K | 226.09K |
| Gross Profit | 14.88M | 14.85M | 2.88M | 535.51K | -341.87K | -206.33K | -205.97K |
| Gross Profit Ratio | 62.73% | 54.38% | 51.38% | 34.37% | 0.00% | -2,481.68% | -1,023.78% |
| Research & Development | 0.00 | 726.00K | 862.00K | 307.17K | 0.00 | 0.00 | 0.00 |
| General & Administrative | 17.44M | 28.50M | 12.18M | 11.65M | 2.08M | 2.26M | 158.42K |
| Selling & Marketing | 430.00K | 1.64M | 2.96M | 1.78M | 444.53K | 551.68K | 112.15K |
| SG&A | 17.87M | 30.14M | 15.14M | 13.43M | 2.52M | 2.81M | 270.56K |
| Other Expenses | -2.99M | 21.28M | 3.98M | 1.10M | 341.87K | -235.30K | 0.00 |
| Operating Expenses | 14.88M | 51.41M | 19.12M | 14.53M | 2.86M | 3.03M | 270.56K |
| Cost & Expenses | 26.90M | 63.87M | 21.84M | 15.55M | 2.86M | 3.03M | 496.65K |
| Interest Income | 229.00K | 0.00 | 70.85K | 228.41K | 6.31K | 10.85K | 0.00 |
| Interest Expense | 745.00K | 241.00K | 18.42K | 19.61K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 20.14M | 21.28M | 3.98M | 1.10M | 341.87K | 214.64K | 476.54K |
| EBITDA | -1.62M | -18.42M | -13.55M | -12.81M | -2.47M | -2.58M | 0.00 |
| EBITDA Ratio | -6.81% | -99.99% | -241.81% | -816.97% | 0.00% | -30,999.49% | -2,368.61% |
| Operating Income | -3.18M | -48.58M | -17.53M | -13.83M | -2.81M | -2.79M | -476.54K |
| Operating Income Ratio | -13.42% | -177.92% | -312.78% | -887.61% | 0.00% | -33,581.18% | -2,368.61% |
| Total Other Income/Expenses | -19.32M | -12.22M | -1.50M | -157.95K | -96.92K | -463.45K | -2.15K |
| Income Before Tax | -22.50M | -60.12M | -17.73M | -13.93M | -2.91M | -3.26M | -478.69K |
| Income Before Tax Ratio | -94.86% | -220.22% | -316.50% | -894.28% | 0.00% | -39,155.45% | -2,379.30% |
| Income Tax Expense | -4.24M | 1.15M | -685.16K | -470.46K | 45.31K | 226.30K | -476.54K |
| Net Income | -16.70M | -61.27M | -17.05M | -13.46M | -2.95M | -3.26M | -478.69K |
| Net Income Ratio | -70.39% | -224.42% | -304.27% | -864.09% | 0.00% | -39,155.45% | -2,379.30% |
| EPS | -0.05 | -0.20 | -0.09 | -0.14 | -0.04 | -0.05 | -0.01 |
| EPS Diluted | -0.05 | -0.20 | -0.09 | -0.14 | -0.04 | -0.05 | -0.01 |
| Weighted Avg Shares Out | 319.80M | 309.64M | 200.12M | 94.23M | 69.58M | 69.58M | 69.58M |
| Weighted Avg Shares Out (Dil) | 349.79M | 309.64M | 200.12M | 94.23M | 69.58M | 69.70M | 69.58M |
FansUnite Entertainment shortlisted as finalists for six award categories in the 2023 EGR North America Award
FansUnite Entertainment Inc (TSX:FANS, OTCQX:FUNFF) has announced that the company, including its US-based brand, Betting Hero, has been shortlisted as finalists for six award categories in the 2023 EGR North America Awards, which recognize and celebrates leading online gaming companies in...
FansUnite Entertainment upsizes non-brokered private placement to raise up to $3M due to strong investor demand
FansUnite Entertainment Inc (TSX:FANS, OTCQX:FUNFF) has announced that it will upsize its previously announced non-brokered private placement to raise up to $3 million, from up to £2 million initially, due to strong investor demand and will now issue up to...
FansUnite Entertainment announces private placement led by strategic investor Tekkorp Capital
FansUnite Entertainment Inc (TSX:FANS, OTCQX:FUNFF) has announced a non-brokered private placement of its units at $0.08 each for aggregate gross proceeds of $2 million. Under the offering, the company said Tekkorp Capital, an investment firm that advises and invests in innovative...
FansUnite Entertainment submits application to become a legal sports betting and iGaming supplier in Virginia
FansUnite Entertainment Inc (TSX:FANS, OTCQX:FUNFF) said it has submitted a Supplier License application to the Virginia Lottery Board in order to become a legal sports betting and iGaming supplier in the Commonwealth of Virginia. Virginia is one of the most...
FansUnite Entertainment says Stram Entertainment will acquire BetPrep affiliate brand under new partnership
FansUnite Entertainment Inc (TSX:FANS, OTCQX:FUNFF) has announced a partnership that will result in Stram Entertainment Limited, doing business as BestOdds, acquiring one of the company's affiliate brands, BetPrep. The company said BetPrep allows bettors to test their wagering approach by...
FansUnite Entertainment reports strong revenue growth in 2022
FansUnite Entertainment Inc (TSX:FANS, OTCQX:FUNFF) has announced strong results for 2022, which showed revenue soaring 364%. For the year ended December 31, 2022, total revenue was in a range of C$26.0 million to C$27.3 million, compared with C$5.6 million in 2021.
FansUnite Entertainment says Betting Hero unit has been shortlisted as finalists for five award categories in the 2023 iGB Affiliate Awards
FansUnite Entertainment Inc (TSX:FANS, OTCQX:FUNFF) has announced that its customer acquisition, retention, and development brand, Betting Hero has been shortlisted as a finalist for five award categories in the 2023 iGB Affiliate Awards. The iGB Awards are hosted during iGB...
FansUnite Entertainment says McBookie unit recorded significant year-on-year turnover and gross win growth for both sportsbook and casino segments in 2022
FansUnite Entertainment Inc (TSX:FANS, OTCQX:FUNFF) said its wholly-owned UK-based subsidiary, McBookie Ltd recorded significant year-on-year turnover and gross win growth for both its sportsbook and casino segments in 2022. Annual turnover in 2022 across both channels increased to £44.8 million as...
FansUnite Entertainment says it is 'well-positioned' to achieve 2023 goals following 'transformative' 2022
FansUnite Entertainment Inc (TSX:FANS, OTCQX:FUNFF) told investors it was "well-positioned" to achieve its goals next year after seeing a "transformative" 2022. "Most notably, we set new company records by generating a total revenue of $20.08 million for the nine months...
FansUnite Entertainment says the Ohio Casino Control Commission grants it a Sports Gaming Supplier License
FansUnite Entertainment Inc (TSX:FANS, OTCQX:FUNFF) said the Ohio Casino Control Commission has granted the company a Sports Gaming Supplier License for the state of Ohio. Legal sports betting will be available in Ohio beginning on January 1, 2023, and it is projected to...
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Category: Stock Reports