See more : Signpost Corporation (3996.T) 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 says new subsidiary American Affiliate demonstrating strong sales growth and operational performance
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) has announced that its subsidiary American Affiliate has demonstrated strong sales growth and operational performance since being acquired in November 2021. Since November 23, FansUnite said American Affiliate has generated more than C$3.4 million in...
FansUnite Entertainment says its American Affiliate division receives approval for online sports betting in New York state
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) has announced that its American Affiliate division is now authorized to provide customer acquisition services for licensed sports betting operators in New York state. The company said American Affiliate will now bring its team and brands into...
FansUnite Entertainment taps Dennis Williams for payments director as it eyes rapid expansion
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) said it has strengthened its senior leadership team by appointing Dennis Williams as its payments director, as the global sports and entertainment company eyes rapid expansion. Prior to joining FansUnite, Williams was a payments senior specialist at the...
FansUnite CEO reflects on ‘transformative year' that positions the company to expand into new legal betting jurisdictions in 2022
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) CEO Scott Burton told shareholders that the firm plans to achieve several “key objectives” in the coming year by expanding into new regulated betting jurisdictions and delivering its business-to-business (B2B) technology platform to more clients. ...
FansUnite Entertainment and white-label partner MoneyLine Sports announce launch of new online wagering platform for regulated markets
FansUnite Entertainment Inc said that its official white-label partner MoneyLine Sports Inc will be launching the online sports streaming and wagering portal www.monelinesportsbook.com in January 2022. MoneyLine, an Ontario-based SaaS and gaming technology company providing gaming solutions in the European and overseas...
FansUnite Entertainment's Askott Games division inks deal to launch casino games on Pariplay
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) announced that its B2B division, Askott Games, has entered into an agreement with Aspire Global's Pariplay Ltd to distribute Askott's full suite of Random Number Generator (RNG) casino games to Pariplay's online casinos and sportsbook partners....
FansUnite reports strong 3Q revenue growth and says American Affiliate acquisition positions it for expansion
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) has reported a 22% increase in third-quarter revenue as it saw continued growth across all its business units. The sports and entertainment company said its recent acquisition of American Affiliate will give it a foothold...
FansUnite Entertainment poised to become a global leader in the iGaming industry
Revenue generating asset that has operated for over 10 years Innovative B2B and B2C technology Growth strategy through mergers & acquisitions What FansUnite Entertainment does: FansUnite Entertainment Inc (CSE:FANS) (OTCMKTS:FUNFF) is a sports and entertainment company, focused on its technology related to online...
FansUnite Entertainment says its CEO Scott Burton has been named to the board of the Canadian Gaming Association
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) has announced that its CEO Scott Burton has been named to the board of the Canadian Gaming Association (CGA). The CGA is a national trade association that represents leading operators and suppliers in Canada's gaming,...
FansUnite announces the VamosGG Cup after the record-setting success of its exclusive PGL Major partnership
FansUnite Entertainment Inc (CSE:FANS, OTCQX:FUNFF) revealed that it has been inspired to launch the VamosGG Cup tournament after its Brazilian esports wagering platform VamosGG achieved record registrations and betting activity during the recently completed PGL Major, the world's largest Counter-Strike: Global...
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