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Interactive Games Technologies Inc. (C:BETS)

Business Focus: Internet Gaming

Sector:  Technology Industry:  Online Services
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1 Adelaide Street, Suite 801
TORONTO ON M5C 2V9
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 primarily engaged in the development and provision of online and mobile sports gambling, and betting products. The Company operates in three geographical segments, including Canada, United Kingdom and India. The Company's product suite includes social gaming, fantasy sports, quiz games, poker, rummy, sports betting, as well as games of chance as part of its certifiably fair online casino. The Company's subsidiaries include Influencers Amalco 1 Ltd., Influencers Amalco 2 Ltd., Deluxe Crown B.V., Nigton Cloud Ltd., BlitzBet Sports Holding Ltd, 1248134 B.C. Ltd., Redrush Online Private Limited, LivePools Private Limited and Esperanza Gaming Private Limited.
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: $6.17M 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