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 sees big revenue jump in 4Q and FY2021 thanks to its global portfolio of B2C gaming brands
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) reported its 4Q and full-year 2021 financial results highlighted by strong revenue growth from its global gaming strategy. During the three-month period to end December 31, 2021, FansUnite saw its revenue nearly triple to C$2.98...
FansUnite Entertainment inks Memorandum of Understanding with Dragon Bet owners to launch online sports betting portal
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) said it has executed a Memorandum of Understanding to enter into a long-term licensing agreement with Lovell Brothers Limited, owners of Dragon Bet, to launch a new online sports betting portal, www.dragonbet.co.uk which will be powered by FansUnite's...
FansUnite Entertainment says its American Affiliate group generates C$1.9M from ‘March Madness' basketball event
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) announced that its wholly-owned American Affiliate subsidiary generated C$1.9 million in revenue from its betting affiliate network during the first two weekends of the 2022 ‘March Madness' NCAA Division I Men's Basketball Tournament, one of...
FansUnite Entertainment says shortlisted for five 2022 EGR North America awards
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) said it has been shortlisted as finalists for five award categories in the 2022 EGR North America Awards, the online gaming industry's premier recognition for top operators and suppliers in the industry. The nominations are for...
FansUnite says American Affiliate approved for customer acquisition services in Maryland sports betting market
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) has announced that the company's American Affiliate division (AmAff) has been approved as a registered vendor by the Maryland Lottery and Gaming Control Commission to provide customer acquisition services for licensed sports wagering entities in...
FansUnite says subsidiary American Affiliate saw a surge in new customer acquisitions and record deposits during Super Bowl weekend
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) said its subsidiary American Affiliate (AmAff) registered over 6,500 new depositing customers for its sportsbook partners during the 2022 Super Bowl weekend. The 6,500 new customers resulted in US$1.75 million in first time deposits, according to...
FansUnite says its American Affiliate division now active in Louisiana sports betting market
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) has announced that its American Affiliate division (AmAff) is now active in the Louisiana sports betting market, providing market-leading customer acquisition services for licensed online sports betting operators in the state. Louisiana legalized online sports...
FansUnite says partner Money Line Sports to launch its new online sportsbook on the Chameleon iGaming platform
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) announced that its white-label partner, Money Line Sports Inc, will launch its moneylinesportsbook.com online betting platform today on FansUnite's Chameleon Platform in European and overseas markets. FansUnite said Money Line will market the new gaming...
FansUnite CEO Burton cheers iGaming Ontario announcement to launch new regulated online gaming market in April 2022
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) CEO Scott Burton is cheering an announcement by iGaming Ontario (iGO), a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO), that the province will be launching a new regulated online gaming market on...
FansUnite Entertainment to launch the live VamosGG Cup in March
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) announced the launch of the VamosGG Cup, a two-day Counter-Strike: Global Offensive (CS:GO) tournament featuring gamers, streamers, and influencers beginning March 5, 2022. FansUnite's Brazilian esports wagering platform, VamosGG, set new record milestones during the PGL...
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Category: Stock Reports