See more : Ningbo Sanxing Medical Electric Co.,Ltd. (601567.SS) Income Statement Analysis – Financial Results
Complete financial analysis of NIP Group Inc. (NIPG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of NIP Group Inc., a leading company in the Entertainment industry within the Communication Services sector.
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NIP Group Inc. (NIPG)
About NIP Group Inc.
NIP Group Inc., through its subsidiaries, operates as an esports company primarily in the People's Republic of China, Sweden, and internationally. It operates Ninjas in Pyjamas, a PC/console esports brand; eStar Gaming, a mobile esports brand. The company also operates a portfolio of esports teams competing at various level in video game titles; and engages in talent management, event production, creative studios, and advertising businesses. In addition, it offers esports education related services to educational institutions; and licenses companies to use the image, including AI and virtual image of its athletes for promotion. NIP Group Inc. was incorporated in 2021 and is based in Stockholm, Sweden.
| Metric | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Revenue | 83.67M | 65.84M | 31.80M | 5.67M |
| Cost of Revenue | 76.47M | 62.09M | 32.40M | 4.73M |
| Gross Profit | 7.20M | 3.74M | -593.12K | 942.64K |
| Gross Profit Ratio | 8.60% | 5.68% | -1.87% | 16.61% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 15.27M | 7.82M | 5.22M | 2.45M |
| Selling & Marketing | 6.58M | 7.21M | 2.64M | 1.37M |
| SG&A | 21.85M | 11.82M | 7.86M | 3.82M |
| Other Expenses | 0.00 | 1.99M | 897.29K | -24.18K |
| Operating Expenses | 21.85M | 11.82M | 7.86M | 3.82M |
| Cost & Expenses | 98.32M | 73.92M | 40.25M | 8.55M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 523.32K | 460.00K | 519.50K | 178.25K |
| Depreciation & Amortization | 6.53M | 5.49M | 3.48M | 313.12K |
| EBITDA | -7.40M | -2.59M | -4.97M | -2.57M |
| EBITDA Ratio | -8.85% | -3.93% | -15.64% | -45.23% |
| Operating Income | -14.65M | -8.08M | -8.45M | -2.88M |
| Operating Income Ratio | -17.51% | -12.27% | -26.57% | -50.75% |
| Total Other Income/Expenses | 193.24K | 1.13M | 377.79K | -202.43K |
| Income Before Tax | -14.46M | -6.45M | -8.07M | -3.08M |
| Income Before Tax Ratio | -17.28% | -9.79% | -25.39% | -54.32% |
| Income Tax Expense | -1.20M | -139.45K | 65.89K | 130.21K |
| Net Income | -13.26M | -6.22M | -8.00M | -3.21M |
| Net Income Ratio | -15.85% | -9.44% | -25.16% | -56.61% |
| EPS | -1.02 | -0.11 | -0.14 | -0.06 |
| EPS Diluted | -1.02 | -0.11 | -0.14 | -0.06 |
| Weighted Avg Shares Out | 56.06M | 56.06M | 56.06M | 56.06M |
| Weighted Avg Shares Out (Dil) | 56.06M | 56.06M | 56.06M | 56.06M |
NIP Group Expands Esports Portfolio Through Strategic Partnership with The9 Limited
Partnership to Transform MIR M into Global Esports Title WUHAN, China , Nov. 26, 2024 /PRNewswire/ -- NIP Group Inc. (NASDAQ: NIPG) ("NIP Group" or the "Company"), a leading digital entertainment company, and The9 Limited ("The9") today announced that NIP Group...
NIP Group Inc. Reports First Half 2024 Unaudited Financial Results
Net revenues from Events Production Increased by 376.5% YoY Total operating expenses reduced by 49% YoY, narrowing net loss by 59% Leveraging core competencies to create an expansive digital entertainment ecosystem with diverse revenue streams.
NIP Group to Report Financial Results for the First Half of 2024 on November 25, 2024
WUHAN, China, Nov. 20, 2024 (GLOBE NEWSWIRE) -- NIP Group Inc. (NASDAQ: NIPG) (“NIP Group” or the “Company”), a leading digital entertainment company, today announced that it plans to report its financial results for the six months ended June 30,...
NIP Group Signs Definitive Agreement to Acquire Young Will
Strategic acquisition strengthens NIP Group's position in talent management and expands its digital entertainment ecosystem Strategic acquisition strengthens NIP Group's position in talent management and expands its digital entertainment ecosystem
NIP Group Announces Appointment of New Independent Director
SHENZHEN, China, Oct. 07, 2024 (GLOBE NEWSWIRE) -- NIP Group Inc. (NASDAQ: NIPG) (“NIP Group” or the “Company”), a leading digital entertainment company, today announced the appointment of Randy Hearst Harris as an independent director to its Board of Directors...
eStar Gaming and Dalian Young Boy Football Club Announce Intention of Collaboration to Pioneer "The Integration of Esports and Traditional Sports"
DALIAN, China , Sept. 11, 2024 /PRNewswire/ -- China's leading esports brand, eStar Gaming, a subsidiary of NIP Group (NASDAQ: NIPG), today announced its intention to collaborate with Dalian Young Boy Football Club.
NIP Group's eStar FPS Division Claims 2024 WCG CrossFire Championship
JAKARTA, Indonesia , Sept. 10, 2024 /PRNewswire/ -- In a thrilling display of skill and teamwork, eStar Gaming (eStar) 's FPS division, representing the NIP Group, stormed to victory at the 2024 World Cyber Games (WCG) CrossFire tournament.
NIP Group Inc. Enters Game Publishing Market, Expanding Digital Entertainment Ecosystem
Esports Powerhouse Diversifies into Game Development Industry Veteran Allen Sui to Lead New Venture SHENZHEN, China, Sept. 09, 2024 (GLOBE NEWSWIRE) -- NIP Group Inc. (NASDAQ: NIPG) (the “Company” or “NIP Group”), a leading digital entertainment company, today announced that...
NIP Group Promotes Inclusivity in Esports for Disabled Individuals
WUHAN, China , Aug. 22, 2024 /PRNewswire/ -- NIP Group, a leading digital entertainment company with an expansive global audience, remains committed to serving its community, and society more broadly, in its engagement with socially responsible initiatives. On July 12-13, the...
NIP Group Enters Esports Hotel Sector with Strategic Partnership with Homeinns
SHANGHAI, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Digital entertainment company, NIP Group Inc. (NASDAQ: NIPG) (the “Company” or “NIP Group”), today announced a strategic partnership with Homeinns Hotels Group (“Homeinns”, affliated with the BTG Homeinns Hotels Group), a leading hospitality...
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