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Jackpot Digital Inc. (V:JP)

Business Focus: Internet Gaming

Sector:  Technology Industry:  Internet Services
 
See Regulatory Filings on SEDAR
Company Contact
Address: 570 Granville St Suite 400
VANCOUVER BC V6C 3P1
Tel: N/A
Website: https://www.jackpotdigital.com
IR: See website
Key People
Jacob H. Kalpakian
Chairman of the Board, President, Chief Executive Officer
Neil Spellman
Chief Financial Officer, Director
 
Business Overview
Jackpot Digital Inc., formerly Las Vegas From Home.com Entertainment Inc., is a developer and provider of electronic table games. The Company is also a software developer and provider for online and mobile gaming platforms. The Company's segments include Electronic Gaming Tables and Licensing Gaming Software. The Company has developed and deployed its Hypertext Markup Language 5 (HTML5) mobile game suite to Carnival Corporation's cruise ships. The Company's HTML5 mobile game suite allows users to play directly on the Web browser of smart phones and tablets. The Company's Derby Draft fantasy sports site is a horse racing contest Website and mobile application, where players select real horses and compete with other players around the world. The Company's multiplayer poker platform offers various poker products, including Fixed Limit, Pot Limit and No-Limit Texas Hold'em, Fast Fold Poker and Chinese Poker (13 Card Poker). It offers 90 Ball Bingo games, which are online bingo games.
Financial Overview
For the nine months ended 30 September 2019, Jackpot Digital Inc revenues increased 7% to C$1.7M. Net loss decreased 68% to C$1.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Foreign exchange loss/(gain) decrease from C$256K (expense) to C$184K (income), Salaries and benefits decrease of 26% to C$1.1M (expense).
Employees: 7 as of Dec 31, 2005
Reporting Currency: Canadian Dollars
Enterprise value: $7.99M as of Sep 30, 2019
Annual revenue (TTM): $2.23M as of Sep 30, 2019
EBITDA (TTM): -$2.12M as of Sep 30, 2019
Net annual income (TTM): -$0.98M as of Sep 30, 2019
Free cash flow (TTM): -$2.35M as of Sep 30, 2019
Net Debt Last Fiscal Year: $5.79M as of Sep 30, 2019
Shares outstanding: 128,793,124 as of Oct 4, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization