Esports Entertainment Group Inc. (GMBL) Financial Statements (2023 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)
| 6/30/2023 | 12/31/2022 MRQ | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 682 | 2,517 | 19,917 | 12,353 | 43 | ||||
| Cash and cash equivalents | 682 | 2,517 | 19,917 | 12,353 | 43 | ||||
| Receivables | 2,187 | 677 | 3,086 | ||||||
| Prepaid expense | 1,076 | 857 | 3,264 | 190 | |||||
| Deposits current assets | 500 | ||||||||
| Other undisclosed current assets | 3,927 | 5,920 | 3,443 | 263 | 214 | ||||
| Total current assets: | 7,872 | 9,972 | 29,710 | 13,117 | 448 | ||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 126 | 164 | 1,273 | ✕ | ✕ | ||||
| Property, plant and equipment | 36 | 44 | 727 | 8 | |||||
| Intangible assets, net (including goodwill) | 33,632 | 52,622 | 86,710 | 2 | 81 | ||||
| Goodwill | 6,584 | 22,275 | 40,937 | ||||||
| Intangible assets, net (excluding goodwill) | 27,048 | 30,346 | 45,773 | 2 | 81 | ||||
| Deposits noncurrent assets | 16 | ||||||||
| Other noncurrent assets | 1,522 | 2,062 | 1,315 | 7 | |||||
| Other undisclosed noncurrent assets | 17 | ||||||||
| Total noncurrent assets: | 35,317 | 54,892 | 90,025 | 17 | 114 | ||||
| TOTAL ASSETS: | 43,189 | 64,864 | 119,735 | 13,134 | 562 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 14,399 | 12,344 | 8,459 | 591 | |||||
| Taxes payable | ✕ | ✕ | 10 | ||||||
| Employee-related liabilities | ✕ | ✕ | 1,093 | 86 | |||||
| Accounts payable | 6,689 | 5,070 | 2,609 | 311 | |||||
| Accrued liabilities | 5,833 | 5,697 | 4,324 | 185 | |||||
| Other undisclosed accounts payable and accrued liabilities | 1,877 | 1,578 | 433 | ||||||
| Deferred revenue | 1,090 | 5,246 | 22 | ✕ | ✕ | ||||
| Debt | 223 | ||||||||
| Derivative instruments and hedges, liabilities | 800 | 9,400 | 4,655 | ||||||
| Customer refund liability | 3,058 | ||||||||
| Business combination, contingent consideration, liability | 3,013 | 3,328 | |||||||
| Due to related parties | 22 | 2 | |||||||
| Other undisclosed current liabilities | 35,568 | 35,504 | 414 | ||||||
| Total current liabilities: | 54,870 | 65,822 | 12,176 | 22 | 5,248 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 669 | 7,403 | |||||||
| Long-term debt, excluding current maturities | 6,524 | ||||||||
| Liabilities, other than long-term debt | 6,186 | 1,871 | |||||||
| Deferred revenue | 1,871 | ✕ | ✕ | ||||||
| Operating lease, liability | 549 | 669 | 879 | ✕ | ✕ | ||||
| Business combination, contingent consideration, liability | 3,180 | ||||||||
| Derivative instruments and hedges, liabilities | 2,457 | ||||||||
| Other undisclosed noncurrent liabilities | 1,523 | 23,500 | |||||||
| Total noncurrent liabilities: | 6,186 | 2,862 | 32,773 | ||||||
| Other undisclosed liabilities | 1,718 | 307 | |||||||
| Total liabilities: | 61,057 | 68,684 | 44,950 | 1,739 | 5,555 | ||||
| Temporary equity, carrying amount | 7,781 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (25,800) | (11,601) | 74,785 | 11,394 | (4,993) | ||||
| Common stock | 85 | 41 | 22 | 11 | 88 | ||||
| Additional paid in capital | 148,923 | 144,874 | 122,341 | 31,803 | 4,873 | ||||
| Accumulated other comprehensive loss | (7,366) | (7,376) | (669) | ||||||
| Accumulated deficit | (167,442) | (149,140) | (46,908) | (20,536) | (10,184) | ||||
| Other undisclosed equity, attributable to parent | 115 | 230 | |||||||
| Other undisclosed equity | 7,932 | ||||||||
| Total equity: | (17,868) | (11,601) | 74,785 | 11,394 | (4,993) | ||||
| TOTAL LIABILITIES AND EQUITY: | 43,189 | 64,864 | 119,735 | 13,134 | 562 | ||||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 | 12/31/2022 TTM | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 43,427 | 58,352 | 16,784 | |||||
| Cost of revenue | (17,320) | (24,165) | (7,861) | (50) | ||||
| Cost of goods and services sold | (50) | |||||||
| Gross profit: | 26,107 | 34,187 | 8,923 | (50) | ||||
| Operating expenses | (122,399) | (123,549) | (34,649) | (4,050) | (3,014) | (2,006) | ||
| Other undisclosed operating loss | ||||||||
| Operating loss: | (96,292) | (89,362) | (25,726) | (4,050) | (3,014) | (2,056) | ||
| Nonoperating income (expense) | 10,475 | (18,545) | (4,458) | (6,299) | 2,520 | |||
| Investment income, nonoperating | (2,432) | 2,520 | ||||||
| Interest and debt expense | (2,641) | (28,479) | (699) | (2,796) | (5,587) | |||
| Loss from continuing operations before equity method investments, income taxes: | (88,458) | (136,385) | (30,883) | (13,145) | (6,081) | (2,056) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 2,641 | 28,479 | 699 | 2,796 | (291) | |||
| Loss from continuing operations before income taxes: | (85,817) | (107,907) | (30,184) | (10,349) | (6,372) | (2,056) | ||
| Income tax expense (benefit) | 171 | 5,674 | 3,812 | (2) | (10) | |||
| Loss from continuing operations: | (85,646) | (102,232) | (26,373) | (10,351) | (6,381) | (2,056) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (71,514) | (102,232) | (26,373) | (10,351) | (6,381) | (2,056) | |
| Net loss: | (85,646) | (102,232) | (26,373) | (10,351) | (6,381) | (2,056) | ||
| Other undisclosed net income attributable to parent | 4,085 | |||||||
| Net income (loss) attributable to parent: | (85,646) | (102,232) | (26,373) | (10,351) | (6,381) | 2,029 | ||
| Preferred stock dividends and other adjustments | (1,099) | (684) | ||||||
| Other undisclosed net loss available to common stockholders, basic | ||||||||
| Net income (loss) available to common stockholders, diluted: | (86,746) | (102,916) | (26,373) | (10,351) | (6,381) | 2,029 | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 | 12/31/2022 TTM | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (85,646) | (102,232) | (26,373) | (10,351) | (6,381) | (2,056) | ||
| Other comprehensive income (loss) | (4,480) | (6,707) | (669) | |||||
| Comprehensive loss, net of tax, attributable to parent: | (90,127) | (108,939) | (27,042) | (10,351) | (6,381) | (2,056) | ||
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.