Interactive Games Technologies Inc. (C:BETS)
Business Focus: Internet Gaming
| Sector: Technology | Industry: Online Services |
| Company Contact | |
| Address: | 810-789 West Pender Street VANCOUVER BC V6C 1H2 |
| Tel: | N/A |
| Website: | https://i3company.com |
| IR: | See website |
| Key People | ||
| Troy James Grant Interim Chief Executive Officer, Director | James Henning Chief Financial Officer | |
| Business Overview |
| i3 Interactive Inc. is engaged in the business of providing customers with an online and mobile gaming platform, which provides sports fans worldwide with an engaging social gaming product, and sports betting and casino product offering. The Company operates in three geographical jurisdictions: India, Canada, and the United States. The Company operates through brands and platforms, including Blitzbet, Blitzpoker, and Blitzpools. Blitzbet is an online sports book and casino brand operated by the Company's subsidiary, Deluxe Crown B.V., under a master license granted by Curacao. The Company operates Blitzpoker through its subsidiaries in India, Redrush Online Private Limited and Esperanza Gaming Private Limited. Blitzpoker is an online poker platform, which provides residents of certain Indian states with free to play poker games, as well as pay to play poker games. Blitzpools is an online fantasy platform available on Android, iOS, and desktop. |
| Financial Overview |
| For the nine months ended 30 September 2021, i3 Interactive Inc revenues increased from C$94K to C$2.2M. Net loss decreased 63% to C$10.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Listing expense decrease from C$11.9M (expense) to C$0K, Share-based compensation decrease of 90% to C$920K (expense), Consulting decrease of 80% to C$661K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $3.02M as of Sep 30, 2021 |
| Annual revenue (TTM): | $2.51M as of Sep 30, 2021 |
| EBITDA (TTM): | -$13.68M as of Sep 30, 2021 |
| Net annual income (TTM): | -$13.38M as of Sep 30, 2021 |
| Free cash flow (TTM): | -$7.60M as of Sep 30, 2021 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 439,213,155 as of Sep 30, 2021 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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