FansUnite Entertainment Inc. (C:FANS)
Business Focus: Casinos & Gaming (NEC)
| Sector: Consumer Cyclicals | Industry: Casinos & Gaming |
| Company Contact | |
| Address: | 780 Beatty Street VANCOUVER BC V6B 2M1 |
| Tel: | N/A |
| Website: | https://www.fansunite.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| FansUnite Entertainment Inc. is a Canada-based global sports entertainment and gaming company. The Company is focused on the regulated and lawful sports betting affiliate market, which includes customer acquisition, retention, support, and reactivation. The Company, through its subsidiary, American Affiliate Co LLC (AmAff), is focused on covering both retail and digital customer activation for sportsbooks, casinos, poker, and fantasy sports platforms. AmAff is a North American omni-channel customer acquisition company, which operates affiliate brands, including Betting Hero and Props.com. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Fansunite Entertainment Inc revenues increased 3% to C$23.7M. Net loss before extraordinary items decreased 56% to C$18.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Impairment loss decrease from C$60.4M (expense) to C$0K, Accretion on liabilities decrease of 84% to C$1.7M (expense). |
| Employees: | 44 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $14.92M as of Dec 31, 2023 |
| Annual revenue (TTM): | $24.40M as of Dec 31, 2023 |
| EBITDA (TTM): | -$6.48M as of Dec 31, 2023 |
| Net annual income (TTM): | -$19.27M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$3.04M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $0.66M as of Dec 31, 2023 |
| Shares outstanding: | 357,697,305 as of Apr 10, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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