See more : Pulsar Helium Inc. (PLSR.V) 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 closes $24.8M financing to fuel new growth opportunities
FansUnite Entertainment Inc (CSE:FANS) closed a $24.8 million financing to fuel new acquisitions as well as a host of growth opportunities. The gaming company issued 27,547,100 units at a price of $0.90 per unit for gross proceeds of $24,792,390.
Wall Street in the red after unexpected rise in jobless claims
12:35pm: Wall Street still lower at noon The Dow was down 203 points, 0.6%, to 34,473 at midday. The Nasdaq fell 95 points, 0.7%, to 14,570, and the S&P 500 shed 30 points, 0.7%, to 4,329.
FansUnite Entertainment adds iGaming fraud expert Anna Smith as head of compliance
FansUnite Entertainment Inc (CSE:FANS) (OTCQX:FUNFF) (FRA:4UY) has appointed Anna Smith as its head of compliance, the gaming company announced. With more than a decade of gaming industry experience, Smith has built a career working in anti-money laundering, fraud detection, payments...
FansUnite Appoints Prominent Gaming Industry Leader Anna Smith as Head of Compliance
Smith has worked in several key areas of compliance at major sports betting and casino companiesVancouver, British Columbia--(Newsfile Corp. - July 8, 2021) - FansUnite Entertainment Inc. (CSE: FANS) (OTCQX: FUNFF) ("FansUnite" or the "Company") is pleased to announce that...
FansUnite Entertainment applauds Senate's passage of Bill C-218 to legalize single sports betting in Canada
FansUnite Entertainment Inc (CSE:FANS) (OTCQX:FUNFF) is applauding the Senate's passage of Bill C-218, which would make betting on single games of football, hockey, and other sports legal in Canada. Also known as The Safe and Regulated Sports Betting Act, the legislation...
FansUnite Entertainment Issues Statement on Senate's Approval of Bill C-218
-Bill C-218 will legalize single-event sports betting in Canada-Vancouver, British Columbia--(Newsfile Corp. - June 24, 2021) - FansUnite Entertainment Inc. (CSE: FANS) (OTCQX: FUNFF) ("FansUnite" or the "Company") is pleased to announce that the Senate has passed Bill C-218, also...
FansUnite Entertainment files preliminary short form prospectus seeking to raise up to $21.7M in upsized offering
FansUnite Entertainment Inc (CSE:FANS) (OTCQB:FUNFF) has filed a preliminary short form prospectus for a unit offering that has been upsized to raise gross proceeds of up to $21.7 million, from $10 million initially, due to strong investor demand. In addition, the company...
FansUnite Entertainment files preliminary short form prospectus seeking to raise up to $10M in offering
FansUnite Entertainment Inc (CSE:FANS) (OTCQB:FUNFF) has filed a preliminary short form prospectus for a unit offering to raise gross proceeds of up to $10 million. The company said each unit, offered at $0.90 apiece, will consist of one common share...
FansUnite Entertainment Files Preliminary Short Form Prospectus in Connection with a Unit Offering Co-Led by Stifel GMP and Gravitas Securities
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2021) - FansUnite Entertainment Inc. (CSE: FANS) ("FansUnite" or the "Company"), a technology company providing leading online gaming solutions, is pleased to announce that it has filed a preliminary short form prospectus (the...
FansUnite Entertainment says Brazilian Vamosgg.com brand inks gaming rights deal for esports major CS:GO
FansUnite Entertainment Inc (CSE:FANS) (OTCQB:FUNFF) has said its Brazilian Vamosgg.com (VamosGG) brand has signed an agreement with top Brazilian streamer Gaules to secure the exclusive gaming partner rights for Brazil in the upcoming CS:GO Major to be held in Stockholm, Sweden between...
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