Sector: Technology | Industry: Blockchain & Cryptocurrency |
Company Contact | |
Address: | Suite 1080, 789 West Pender Street VANCOUVER BC V6C 1H2 |
Tel: | N/A |
Website: | https://gameon.app |
IR: | See website |
Key People | ||
Shafin Diamond Tejani President, Secretary, Director | Matthew Bailey Chief Executive Officer, Director | Sheri Rempel Chief Financial Officer |
Business Overview |
GameOn Entertainment Technologies Inc. is a Canada-based company, which offers fantasy sports platform partnered with sports leagues to launch, operate, and monetize web3 games. The Company partners with sports, media, and entertainment companies to launch brand-building, money-making next-gen games. It helps partners to maximize fan engagement through NFT-based game products. It offers a programmatic end-to-end solution that allows partners to engage, retain, and monetize their audience while capturing first-party data within their own native environments. The Company works with broadcasters, television (TV) networks, streaming platforms, leagues, tournaments and sportsbooks to launch and operate NFT games. Its Primal Pick'Em predictor game gives users the ability to compete and move up leaderboards to gain access to rare NFTs. It also offers cricket prediction games for tournaments, such as the Indian Premier League (IPL) and International Cricket Council (ICC) World Cup. |
Financial Overview |
For the nine months ended 30 September 2023, GameOn Entertainment Technologies Inc revenues increased from C$183K to C$1M. Net loss decreased 16% to C$2.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Sales and marketing decrease of 87% to C$83K (expense), Wages decrease of 20% to C$666K (expense), Investor relations decrease of 72% to C$47K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $7.87M as of Sep 30, 2023 |
Annual revenue (TTM): | $1.22M as of Sep 30, 2023 |
EBITDA (TTM): | -$3.00M as of Sep 30, 2023 |
Net annual income (TTM): | -$3.74M as of Sep 30, 2023 |
Free cash flow (TTM): | -$1.65M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $2.15M as of Sep 30, 2023 |
Shares outstanding: | 70,482,175 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |