See more : Solutions 30 SE (SLUNF) 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 reveals customer acquisition partnership with Thimba Media to boost revenue growth
FansUnite Entertainment Inc (TSX:FANS, OTCQX:FUNFF) announced that it has entered into a partnership with Thimba Media Limited, an acquisition marketing and business process services provider for iGaming, in which Thimba will oversee FansUnite's marketing and customer acquisition operations for its...
FansUnite Entertainment appoints gaming industry veteran Quinton Singleton to board of directors
FansUnite Entertainment Inc (TSX:FANS, OTCQX:FUNFF) has announced the addition of Quinton Singleton to its board of directors, effective October 6, 2022. With 15 years of experience in the gaming industry, Singleton is expected to guide the management team of FansUnite...
FansUnite Entertainment obtains GLI-33 certification to pursue US expansion strategy
FansUnite Entertainment Inc (TSX:FANS, OTCQX:FUNFF) announced that it has obtained GLI-33 Event Wagering Systems certification from Gaming Laboratories International (GLI) for its Chameleon Platform as a Service sportsbook solution. GLI is an internationally recognized independent testing laboratory that provides compliance...
FansUnite Entertainment enters into definitive agreement with Centurion Financial Trust for a senior term loan up to C$12.35M
FansUnite Entertainment Inc said it has entered into a definitive agreement with Centurion Financial Trust, an investment trust formed by Centurion Asset Management Inc, one of Canada's leading asset management companies specializing in real estate and other alternative asset classes,...
Fansunite Entertainment sees 461% jump in 2Q revenue as business units report strong operational results
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) has posted second-quarter revenue of C$5.46 million, an increase of approximately 461%, compared to C$0.97 million in the year-ago period. "Our B2B and B2C segments continued to deliver strong operational results, which were primarily driven...
FansUnite Entertainment says Betting Hero unit expands presence in Pennsylvania through agreement with luxury sports bar Bankroll
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) said its sports betting company Betting Hero has entered into an agreement with Bankroll, a new luxury sports bar experience coming in the fall to Philadelphia, Pennsylvania. The global sports and entertainment company said Betting Hero...
FansUnite Entertainment enters into agreement with Welsh bookmaker Lovell Brothers to launch new online sports betting platform
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) has entered into a definitive three-year licensing agreement with prominent Welsh bookmaking services provider Lovell Brothers Limited, owners of Dragon Bet, to launch a new online sports betting platform dragonbet.co.uk, powered by FansUnite's Chameleon iGaming solution....
FansUnite Entertainment receives conditional approval to list its shares on the Toronto Stock Exchange
FansUnite Entertainment Inc said it has received conditional approval to list its shares on the Toronto Stock Exchange (TSX). “Uplisting to TSX from the Canadian Securities Exchange is an accomplishment for any public issuer, as evidenced by the number of...
FansUnite Entertainment Inc. (FUNFF) CEO Scott Burton on Q1 2022 Results - Earnings Call Transcript
FansUnite Entertainment Inc. (OTCQX:FUNFF) Q1 2022 Earnings Conference Call June 1, 2022 1:00 PM ET Company Participants Prit Singh - IR Scott Burton - CEO Darius Eghdami - President Graeme Moore - CFO Conference Call Participants Prit Singh Hello everyone,...
FansUnite Entertainment dodges economic headwinds to report 804% jump in 1Q revenue
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) has reported revenue of C$9.67 million for the three months to March 31, 2022, up a whopping 804% from a year earlier, boosted by positive results across all its business units. The sports and entertainment...
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