Esports Entertainment Group Inc. (GMBLZ) Financial Statements (2024 and earlier)

Company Profile

Business Address BLOCK 6, TRIQ PACEVILLE
MALTA, BKR 9077
State of Incorp. NV
Fiscal Year End June 30
Industry (SIC) 79 - Amusement And Recreation Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1021,7452,51719,91712,35343
Cash and cash equivalents1,1021,7452,51719,91712,35343
Restricted cash and investments2,350     
Receivables3675916773,086  
Prepaid expense3763318573,264 190
Deposits current assets     500 
Other undisclosed current assets4721,3755,9203,443263214
Total current assets:4,6674,0439,97229,71013,117448
Noncurrent Assets
Operating lease, right-of-use asset43861641,273 
Property, plant and equipment  20447278 
Intangible assets, net (including goodwill)2,8944,49152,62286,710281
Goodwill  4,49122,27540,937  
Intangible assets, net (excluding goodwill)2,894 30,34645,773281
Deposits noncurrent assets      16
Other noncurrent assets  1372,0621,3157 
Other undisclosed noncurrent assets  13,325   17
Total noncurrent assets:2,93718,05854,89290,02517114
TOTAL ASSETS:7,60422,10164,864119,73513,134562
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8,4887,10612,3448,459 591
Taxes payable   10
Employee-related liabilities 1,093 86
Accounts payable4,5134,4705,0702,609 311
Accrued liabilities3,4022,3995,6974,324 185
Other undisclosed accounts payable and accrued liabilities5732371,578433  
Deferred revenue  9895,24622 
Debt    223  
Derivative instruments and hedges, liabilities 2,357 9,400  4,655
Customer refund liability271664 3,058  
Business combination, contingent consideration, liability   3,328   
Due to related parties   222
Other undisclosed current liabilities1,3179635,504414  
Total current liabilities:12,4338,85565,82212,176225,248
Noncurrent Liabilities
Long-term debt and lease obligation  6697,403  
Long-term debt, excluding current maturities   6,524  
Liabilities, other than long-term debt86366 1,871  
Deferred revenue    1,871 
Operating lease, liability   669879 
Derivative instruments and hedges, liabilities86366    
Other undisclosed noncurrent liabilities  1,52323,500  
Total noncurrent liabilities:863662,86232,773  
Other undisclosed liabilities     1,718307
Total liabilities:12,5199,22168,68444,9501,7395,555
Temporary equity, carrying amount11,8318,0847,781   
Equity
Equity, attributable to parent, including:(16,746)4,796(11,601)74,78511,394(4,993)
Common stock1441221188
Additional paid in capital188,472173,462144,874122,34131,8034,873
Accumulated other comprehensive loss(4,442)(4,667)(7,376)(669)  
Accumulated deficit(203,272)(181,426)(149,140)(46,908)(20,536)(10,184)
Other undisclosed equity, attributable to parent 2,49617,424  115230
Total equity:(16,746)4,796(11,601)74,78511,394(4,993)
TOTAL LIABILITIES AND EQUITY:7,60422,10164,864119,73513,134562

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues12,22322,96658,35216,784  
Cost of revenue(3,956)(8,787)(24,165)(7,861)  
Gross profit:8,26714,17934,1878,923  
Operating expenses(55,189)(50,984)(123,549)(34,649)(4,050)(3,014)
Other undisclosed operating income (loss)12,638(3,497)    
Operating loss:(34,284)(40,302)(89,362)(25,726)(4,050)(3,014)
Nonoperating income (expense)(1,546)8,017(18,545)(4,458)(6,299)2,520
Investment income, nonoperating     (2,432)2,520
Other nonoperating expense(738)(160)(584)(460)  
Interest and debt expense(1,821)(1,821)(28,479)(699)(2,796)(5,587)
Loss from continuing operations before equity method investments, income taxes:(37,651)(34,106)(136,385)(30,883)(13,145)(6,081)
Other undisclosed income (loss) from continuing operations before income taxes1,8211,82128,4796992,796(291)
Loss from continuing operations before income taxes:(35,830)(32,285)(107,907)(30,184)(10,349)(6,372)
Income tax expense (benefit) (0)(0)5,6743,812(2)(10)
Loss from continuing operations:(35,830)(32,285)(102,232)(26,373)(10,351)(6,381)
Loss before gain (loss) on sale of properties:(102,232)(26,373)(10,351)(6,381)
Net loss attributable to parent:(35,830)(32,285)(102,232)(26,373)(10,351)(6,381)
Preferred stock dividends and other adjustments(1,383)(1,044)(684)   
Other undisclosed net loss available to common stockholders, basic(27,538)(302)    
Net loss available to common stockholders, diluted:(64,752)(33,632)(102,916)(26,373)(10,351)(6,381)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net loss:(35,830)(32,285)(102,232)(26,373)(10,351)(6,381)
Other comprehensive income (loss)2,5732,709(6,707)(669)  
Other undisclosed comprehensive income2,709     
Comprehensive loss:(30,548)(29,577)(108,939)(27,042)(10,351)(6,381)
Other undisclosed comprehensive loss, net of tax, attributable to parent(2,359)     
Comprehensive loss, net of tax, attributable to parent:(32,907)(29,577)(108,939)(27,042)(10,351)(6,381)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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