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Enthusiast Gaming Holdings Inc. (T:EGLX)

Business Focus: Online Services (NEC)

Sector:  Technology Industry:  Online Services
 
Company Contact
Address: 90 Eglinton Avenue East, Suite 805
TORONTO ON M4P 2Y3
Tel: N/A
Website: N/A
IR: N/A
Key People
Adrian Taylor Montgomery
Chairman of the Board, Interim Chief Executive Officer
Felicia DellaFortuna
Chief Financial Officer
Tara Fournier
Chief People Officer
J.B. Elliott
Senior Vice President, General Counsel
   
Business Overview
Enthusiast Gaming Holdings Inc. is a Canada-based gaming media and entertainment company. The Company's principal business activities are comprised of media and content, entertainment and esports. The Company's digital media platform includes video gaming related websites, YouTube channels and a library of casual games. The Company's esports division, Luminosity Gaming Inc. (Luminosity), is a global esports franchise that consists of professional esports teams under ownership and management, including the Vancouver Titans Overwatch team and the Seattle Surge Call of Duty team. The Company's entertainment business owns and operates a mobile gaming event in Europe, Pocket Gamer Connects. Its subsidiaries include GameCo Esports Canada Inc., GameCo eSports USA Inc., Luminosity Gaming Inc., Luminosity Gaming (USA) LLC, Enthusiast Gaming Properties Inc., Enthusiast Gaming Inc., Enthusiast Gaming Live Inc., Enthusiast Gaming Media (US) Inc., TeachMe, Inc., Outplayed, Inc. and others.
Financial Overview
For the nine months ended 30 September 2023, Enthusiast Gaming Holdings Inc revenues decreased 12% to C$131M. Net loss increased 20% to C$78M. Revenues reflect Media segment decrease of 15% to C$112.2M, United States (Country) segment decrease of 16% to C$107.2M, All other countries segment decrease of 18% to C$12M. Higher net loss reflects Goodwill impairment increase of 43% to C$44.8M (expense).
Employees: 210 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $38.64M as of Sep 30, 2023
Annual revenue (TTM): $185.01M as of Sep 30, 2023
EBITDA (TTM): -$25.55M as of Sep 30, 2023
Net annual income (TTM): -$89.84M as of Sep 30, 2023
Free cash flow (TTM): -$7.54M as of Sep 30, 2023
Net Debt Last Fiscal Year: $13.68M as of Sep 30, 2023
Shares outstanding: 154,393,280 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization