Consumer Cyclical - Gambling, Resorts & Casinos - NASDAQ - MT
$ 0.269
-22.9 %
$ 308 K
Market Cap
0.0
P/E
Esports Entertainment Group, Inc. operates as an iGaming and entertainment company in the United States and internationally. The company operates Vie.bet, an esports focused platform; Sportnation.bet, an online sportsbook and casino; iDefix, a casino-platform; Bethard, an online sportsbook and casino; Vie.gg, an online esports wagering website; and ggCircuit, a local area network center management software for managing mission critical functions, such as game licensing and payments. It also organizes professional and amateur esports events. The company was formerly known as VGambling, Inc. and changed its name to Esports Entertainment Group, Inc. in May 2017. Esports Entertainment Group, Inc. was incorporated in 2008 and is based in St. Julian's, Malta.[ Read More ]
The intrinsic value of one GMBL stock under the base case scenario is HIDDEN Compared to the current market price of 0.269 USD, Esports Entertainment Group, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart GMBL
FINANCIALS
23 M
REVENUE
-20.7 M
OPERATING INCOME
-32.3 M
NET INCOME
-15.7 M
OPERATING CASH FLOW
2.94 M
INVESTING CASH FLOW
8.68 M
FINANCING CASH FLOW
1.72 M
REVENUE
-1.81 M
OPERATING INCOME
-2.84 M
NET INCOME
-1.47 M
OPERATING CASH FLOW
0
INVESTING CASH FLOW
-890 K
FINANCING CASH FLOW
Balance Sheet Decomposition
Esports Entertainment Group, Inc.
| Current Assets | 4.04 M |
| Cash & Short-Term Investments | 1.75 M |
| Receivables | 1.42 M |
| Other Current Assets | 874 K |
| Non-Current Assets | 18.1 M |
| Long-Term Investments | 0 |
| PP&E | 106 K |
| Other Non-Current Assets | 18 M |
| Current Liabilities | 8.86 M |
| Accounts Payable | 4.47 M |
| Short-Term Debt | 95.9 K |
| Other Current Liabilities | 4.29 M |
| Non-Current Liabilities | 366 K |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 366 K |
EFFICIENCY
Earnings Waterfall
Esports Entertainment Group, Inc.
| Revenue | 23 M |
| Cost Of Revenue | 8.79 M |
| Gross Profit | 14.2 M |
| Operating Expenses | 54.5 M |
| Operating Income | -20.7 M |
| Other Expenses | 11.6 M |
| Net Income | -32.3 M |
RATIOS
61.74%
GROSS MARGIN
-90.00%
OPERATING MARGIN
-140.58%
NET MARGIN
-250.66%
ROE
-146.08%
ROA
-160.48%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Esports Entertainment Group, Inc.
| Net Income | -32.3 M |
| Depreciation & Amortization | 6.52 M |
| Capital Expenditures | -3.32 K |
| Stock-Based Compensation | 1.15 M |
| Change in Working Capital | -100 K |
| Others | 8.65 M |
| Free Cash Flow | -15.7 M |
Wall Street Analysts Price Targets
Esports Entertainment Group, Inc.
GMBL has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Esports Entertainment Group, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 years ago
May 26, 2022
|
Bought 18.8 K USD
|
JOHNSON GRANT
Chief Executive Officer |
+ 50000
|
0.3767 USD |
|
5 years ago
May 08, 2019
|
Sell 590 K USD
|
Erickson Shawn
10 percent owner |
- 983931
|
0.6 USD |
|
5 years ago
Feb 14, 2019
|
Sell 1.8 K USD
|
Erickson Shawn
10 percent owner |
- 3000
|
0.6 USD |
|
5 years ago
Feb 15, 2019
|
Sell 3.6 K USD
|
Erickson Shawn
10 percent owner |
- 5900
|
0.61 USD |
|
5 years ago
Feb 19, 2019
|
Sell 1.06 K USD
|
Erickson Shawn
10 percent owner |
- 1712
|
0.62 USD |
|
5 years ago
Feb 05, 2019
|
Sell 2.14 K USD
|
Erickson Shawn
10 percent owner |
- 3450
|
0.62 USD |
|
5 years ago
Feb 07, 2019
|
Sell 981 USD
|
Erickson Shawn
10 percent owner |
- 1609
|
0.61 USD |
|
5 years ago
Feb 08, 2019
|
Sell 188 USD
|
Erickson Shawn
10 percent owner |
- 308
|
0.61 USD |
|
7 years ago
Feb 09, 2017
|
Sell 4.5 K USD
|
PARTLOW MATT
VP INVESTOR RELATIONS |
- 10000
|
0.45 USD |
|
7 years ago
Feb 10, 2017
|
Sell 5.6 K USD
|
PARTLOW MATT
VP INVESTOR RELATIONS |
- 11207
|
0.5 USD |
|
7 years ago
Feb 13, 2017
|
Sell 5.5 K USD
|
PARTLOW MATT
VP INVESTOR RELATIONS |
- 10000
|
0.55 USD |
|
7 years ago
Feb 15, 2017
|
Sell 1.78 K USD
|
PARTLOW MATT
VP INVESTOR RELATIONS |
- 3245
|
0.55 USD |
7. News
Esports Entertainment Group Files Form 15 to Voluntarily Deregister and Suspend its SEC Reporting Obligations
St. Julian's, Malta--(Newsfile Corp. - July 9, 2024) - Esports Entertainment Group, Inc. (OTCQB: GMBL) (OTCQB: GMBLP) (OTC Pink: GMBLW) (OTC Pink: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced that it filed a Form 15 with the Securities and Exchange Commission (the "SEC") to deregister its common stock, common purchase warrants and 10% Series A Cumulative Redeemable Convertible Preferred Stock under Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and to suspend its reporting obligations under Section 15(d) of the Exchange Act. The Company's obligation to file periodic reports with the SEC, including reports on Forms 10-K, 10-Q and 8-K, will be suspended immediately upon filing of the Form 15.
newsfilecorp.com
- 4 months ago
Esports Entertainment Group Announces Upgrade to the OTCQB
St. Julian's, Malta, March 28, 2024 (GLOBE NEWSWIRE) -- Esports Entertainment Group, Inc. (OTCQB: GMBL) (OTCQB: GMBLP) (“Esports Entertainment Group”, “EEG”, or the “Company”), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced its common stock, trading under the symbol GMBL, par value $0.001, and 10% Series A Cumulative Redeemable Convertible Preferred Stock, trading under the symbol GMBLP, have been approved for upgraded quotation on the OTCQB Venture Market, effective as of March 28, 2024.
globenewswire.com
- 7 months ago
Esports Entertainment Group Announces Secured Note and Amendments to its Convertible Preferred Stock
Secures Non-Convertible Secured Note of $1.42 Million and a Restructuring of the Existing Preferred Stock Secures Non-Convertible Secured Note of $1.42 Million and a Restructuring of the Existing Preferred Stock
globenewswire.com
- 8 months ago
Esports Entertainment Group Announces Update to Voluntary Delisting from the Nasdaq
St. Julian's, Malta, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (“Esports Entertainment”, “EEG”, or the “Company”), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced an update to its voluntary delisting from the Nasdaq Stock Market LLC (“Nasdaq”). On the opening of trading on February 21, 2024, the Company's Common Stock, par value $0.01 per share, 10.0% Series A Cumulative Redeemable Convertible Preferred Stock and Common Stock Warrants (the “Securities”) will be suspended on Nasdaq and will be quoted on the OTC Pink Market of the OTCMarkets initially, while seeking to subsequently have its Securities quoted on the OTCQB® Venture Market of the OTCMarkets.
globenewswire.com
- 8 months ago
GMBL Stock Alert: What to Know as Esports Entertainment Preps to Delist
Esports Entertainment (NASDAQ: GMBL ) stock is a hot topic among traders on Wednesday after the company announced plans to voluntarily delist its shares from the Nasdaq Stock Market. Esports Entertainment said this action was approved by its Board of Directors in an effort to reduce the costs of maintaining a listing on the exchange.
investorplace.com
- 9 months ago
Esports Entertainment Group Announces Voluntary Delisting from the Nasdaq and Transfer to the OTCQB Venture Market
Temporary Shift to OTC Markets Expected to Drive Additional Cost Savings St. Julian's, Malta--(Newsfile Corp. - February 13, 2024) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced that its Board of Directors, after thorough and careful consideration of all available information, has approved a voluntary delisting of the Company's Common Stock, par value $0.01, 10.0% Series A Cumulative Redeemable Convertible Preferred Stock and Common Warrants (the "Securities") from the Nasdaq Stock Market ("Nasdaq"), which is expected to reduce the Company's public costs as it advances its strategy to drive growth and profitability. As a result, the Company anticipates that it will file with the Securities and Exchange Commission a Form 25 relating to the delisting of its Securities and expects its Securities will be listed on the OTCQB® Venture Market of the OTC Markets, until such time it decides to reapply and is approved to relist on a senior U.S. Exchange.
newsfilecorp.com
- 9 months ago
Esports Entertainment Group Announces Reverse Stock Split
St. Julian's, Malta--(Newsfile Corp. - December 20, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced that its Board of Directors has approved a 1-for-400 reverse stock split of the Company's common stock, par value $0.001 (the "Common Stock"). The reverse stock split will become effective at 4:01 PM ET on December 21, 2023.
newsfilecorp.com
- 10 months ago
Esports Entertainment Group Temporarily Suspends Series A Preferred Stock Dividend
Julians, Malta--(Newsfile Corp. - December 8, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today announced that its Board of Directors has suspended payment of the monthly cash dividend on the Company's outstanding 10% Series A Cumulative Redeemable Convertible Preferred Stock (the "Series A Preferred Stock"), commencing with the monthly dividend that would otherwise be payable in December 2023. Alex Igelman, CEO of Esports Entertainment, stated, "We are temporarily suspending the dividend on our 10% Series A Cumulative Redeemable Convertible Preferred Stock, as we believe we can effectively reinvest the capital in the business in order to drive the greatest return on capital for shareholders.
newsfilecorp.com
- 11 months ago
Esports Entertainment Group Provides Fiscal First Quarter Business Update
Initiatives Expanding Esports and iGaming Offerings, Focusing on End-to-End Betting Solutions High Standards and Regulatory Compliance Remain at the Forefront; Ensuring Solutions Meet State-by-State Standards to Support Expected Rapid Expansion within Sizable U.S. Market Julians, Malta--(Newsfile Corp. - November 21, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment", "EEG", or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports content and solutions provider, today provided strategic, financial, and operational updates for the fiscal first quarter ended September 30, 2023. "In recent months, we have thoroughly reviewed our Company, focusing on the expected trends in esports and iGaming," said Alex Igelman, CEO of Esports Entertainment.
newsfilecorp.com
- 11 months ago
Esports Entertainment Group, Inc. Announces Preferred Stock Dividend
St. Julians, Malta--(Newsfile Corp. - November 3, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or "EEG") announced today that its Board of Directors has declared a monthly cash dividend for its 10.0% Series A Cumulative Redeemable Convertible Preferred Stock for Nov 2023. Dividend per share $0.08 Record date Nov. 15, 2023 Payment date Nov. 30, 2023 About Esports Entertainment Group Esports Entertainment Group is a leading, global MGA-licensed, "esports-first" iGaming B2C operator and a US-focused B2B aggregator and supplier of esports solutions and e-simulator content.
newsfilecorp.com
- 1 year ago
Esports Entertainment Group Announces Strategic Investment in Drafted.gg, a Leading Esports Event Organizer and Producer of Short-Cycle Wagerable Esports Content
Expands Company's B2B Esports Betting Offerings; Provides Revenue-Sharing from Wagerable Content Distribution Esports Entertainment to Coordinate Comprehensive Third-Party Operations Integrity Audit to Support U.S. Market Expansion St. Julians, Malta--(Newsfile Corp. - October 31, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment" or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports solutions provider, today announced that it has signed a binding Letter of Intent to acquire a 30% minority interest, in furtherance of strategic collaboration and revenue sharing agreement with Drafted.gg, a leading wagerable esports content producer based in Czech Republic. Alex Igelman, CEO of Esports Entertainment, stated, "We are excited to obtain a minority interest and participate in a revenue-sharing agreement that Drafted.gg has in place, as a first step in a broader planned collaboration.
newsfilecorp.com
- 1 year ago
Esports Entertainment Group Provides Fiscal Year-End 2023 Business Update
Continues Strategic Restructuring to Optimize Operations; Reduces Total Liabilities by Over $51 Million Since Beginning of Calendar 2023 Cuts Non-Profitable Operations and Contracts; Projects Over $4 Million in Annual Savings Broadens Offerings with Key Partnerships in iGaming and Esports Wagering St. Julians, Malta--(Newsfile Corp. - October 16, 2023) - Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) ("Esports Entertainment" or the "Company"), a leading, global iGaming company and business-to-business (B2B) esports solutions provider, today provided strategic, financial, and operational updates for the fiscal year end June 30, 2023. "Over recent months, the Company has undertaken a comprehensive examination of our organization, focusing on the anticipated trajectory of the esports and iGaming sectors," commented Alex Igelman, CEO of Esports Entertainment.
newsfilecorp.com
- 1 year ago
8. Profile Summary
Esports Entertainment Group, Inc. GMBL
COUNTRY
MT
INDUSTRY
Gambling, Resorts & Casinos
MARKET CAP
$ 308 K
Dividend Yield
0.00%
Description
Esports Entertainment Group, Inc. operates as an iGaming and entertainment company in the United States and internationally. The company operates Vie.bet, an esports focused platform; Sportnation.bet, an online sportsbook and casino; iDefix, a casino-platform; Bethard, an online sportsbook and casino; Vie.gg, an online esports wagering website; and ggCircuit, a local area network center management software for managing mission critical functions, such as game licensing and payments. It also organizes professional and amateur esports events. The company was formerly known as VGambling, Inc. and changed its name to Esports Entertainment Group, Inc. in May 2017. Esports Entertainment Group, Inc. was incorporated in 2008 and is based in St. Julian's, Malta.
Contact
Triq Paceville, St. Julian's, 89109
https://www.esportsentertainmentgroup.com
IPO Date
July 20, 2017
Employees
100
Officers
Leon Martynenko
Director of Strategic Planning & Chief of Staff to the Chief Executive Officer
Mr. Alex Abraham Igelman L.L.B., LLB
Chief Executive Officer
Brian Cordry
Head of Esports
Mr. David Williams
Senior Vice President of Esports
Andrew Woodman
Controller