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
Q3
12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1023031,7451,8766822,982
Cash and cash equivalents1,1023031,7451,8766822,982
Restricted cash and investments2,350     
Receivables3675985918542,1871,568
Prepaid expense3763443314871,076617
Other undisclosed current assets4729931,3752,2323,9275,062
Total current assets:4,6672,2384,0435,4487,87210,229
Noncurrent Assets
Operating lease, right-of-use asset436286106126134
Property, plant and equipment  1620303639
Intangible assets, net (including goodwill)2,89416,4374,49118,84533,63247,865
Goodwill  4,3864,4914,4746,58420,993
Intangible assets, net (excluding goodwill)2,89412,051 14,37027,04826,872
Other noncurrent assets  13713751,5221,665
Other undisclosed noncurrent assets   13,325   
Total noncurrent assets:2,93716,65218,05818,98635,31749,703
TOTAL ASSETS:7,60418,89022,10124,43543,18959,933
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8,4888,3227,1068,89514,39912,292
Accounts payable4,5134,8074,4704,6546,6894,910
Accrued liabilities3,4022,7992,3993,6495,8335,758
Other undisclosed accounts payable and accrued liabilities5737162375921,8771,624
Deferred revenue   9891,2761,0901,040
Derivative instruments and hedges, liabilities 2,357  1,9648009,125
Customer refund liability271620664   
Business combination, contingent consideration, liability     3,0133,149
Other undisclosed current liabilities1,3171,2189616,83435,56836,919
Total current liabilities:12,43310,1608,85528,96954,87062,524
Noncurrent Liabilities
Long-term debt and lease obligation     2,872
Long-term debt, excluding current maturities     2,266
Liabilities, other than long-term debt861603661,0626,186 
Operating lease, liability    18549606
Business combination, contingent consideration, liability     3,180 
Derivative instruments and hedges, liabilities861603661,0442,457 
Other undisclosed noncurrent liabilities     2,156
Total noncurrent liabilities:861603661,0626,1865,635
Total liabilities:12,51910,3219,22130,03161,05768,158
Temporary equity, carrying amount11,8318,1618,084  7,856
Equity
Equity, attributable to parent, including:(16,746)4084,796(13,603)(25,800)(16,082)
Common stock159438571
Additional paid in capital188,472182,455173,462171,822148,923147,059
Accumulated other comprehensive loss(4,442)(5,002)(4,667)(4,793)(7,366)(9,903)
Accumulated deficit(203,272)(186,224)(181,426)(180,636)(167,442)(153,309)
Other undisclosed equity, attributable to parent 2,4969,12017,424   
Other undisclosed equity    8,0077,932 
Total equity:(16,746)4084,796(5,596)(17,868)(16,082)
TOTAL LIABILITIES AND EQUITY:7,60418,89022,10124,43543,18959,933

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

3/31/2024
Q3
12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
Revenues2,5822,6902,7754,1766,4099,605
Cost of revenue(689)(602)(1,372)(1,293)(2,372)(3,750)
Gross profit:1,8932,0881,4032,8834,0385,855
Operating expenses(18,424)(7,101)(21,366)(8,298)(25,538)(11,916)
Other undisclosed operating income (loss)   16,836(4,198)  
Operating loss:(16,531)(5,013)(3,127)(9,613)(21,500)(6,062)
Nonoperating income (expense)(518)2152,337(3,580)7,3681,893
Other nonoperating income (expense)(55)10(141)(552)48646
Interest and debt expense   1,795(3,616)(971)(1,058)
Income (loss) from continuing operations before equity method investments, income taxes:(17,048)(4,798)1,005(16,810)(15,104)(5,227)
Other undisclosed income (loss) from continuing operations before income taxes   (1,795)3,6169711,058
Loss from continuing operations before income taxes:(17,048)(4,798)(790)(13,194)(14,133)(4,169)
Income tax expense    (0)  
Loss from continuing operations:(17,048)(4,798)(790)(13,194)(14,133)(4,169)
Loss before gain (loss) on sale of properties:(4,169)
Net loss attributable to parent:(17,048)(4,798)(790)(13,194)(14,133)(4,169)
Preferred stock dividends and other adjustments(346)(543)(217)(277)(276)(275)
Other undisclosed net loss available to common stockholders, basic(14,016)(13,220)(302)   
Net loss available to common stockholders, diluted:(31,411)(18,562)(1,309)(13,471)(14,409)(4,444)

Comprehensive Income ($ in thousands)

3/31/2024
Q3
12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
Net loss:(17,048)(4,798)(790)(13,194)(14,133)(4,169)
Other comprehensive income (loss)   2,5732,537(2,526)
Other undisclosed comprehensive income   2,709   
Comprehensive income (loss):(17,048)(4,798)1,919(10,621)(11,596)(6,695)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent560(335)(2,583)   
Comprehensive loss, net of tax, attributable to parent:(16,488)(5,133)(665)(10,621)(11,596)(6,695)

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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