Esports Entmt Group Inc Financials

GMBL

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2024 Currency USD FYE June

Financial Health Signals

Financial Profile 0/100

Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Esports Entmt Group Inc has an operating margin of -175.5%, meaning the company retains $-175 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -153.1% the prior year.

Growth

Esports Entmt Group Inc's revenue declined 60.6% year-over-year, from $58.4M to $23.0M. This contraction results in a growth score of 0/100.

Leverage

Esports Entmt Group Inc has elevated debt relative to equity (D/E of 3.61), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Esports Entmt Group Inc's current ratio of 0.46 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While Esports Entmt Group Inc generated -$15.7M in operating cash flow, capex of $3K consumed most of it, leaving -$15.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

6/9

Esports Entmt Group Inc passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.49x

For every $1 of reported earnings, Esports Entmt Group Inc generates $0.49 in operating cash flow (-$15.7M OCF vs -$32.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-16.2x

Esports Entmt Group Inc earns $-16.2 in operating income for every $1 of interest expense (-$40.3M vs $2.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Esports Entmt Group Inc (GMBL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$23.0M

YoY-60.6%

Esports Entmt Group Inc generated $23.0M in revenue in fiscal year 2023. This represents a decrease of 60.6% from the prior year.

EBITDA

-$33.8M

YoY+56.3%

Esports Entmt Group Inc's EBITDA was -$33.8M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 56.3% from the prior year.

Free Cash Flow

-$15.7M

YoY+25.5%

Esports Entmt Group Inc generated -$15.7M in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 25.5% from the prior year.

Net Income

-$32.3M

YoY+68.4%

Esports Entmt Group Inc reported -$32.3M in net income in fiscal year 2023. This represents an increase of 68.4% from the prior year.

EPS (Diluted)

$-19.63

Esports Entmt Group Inc earned $-19.63 per diluted share (EPS) in fiscal year 2023. This represents an increase of 94.5% from the prior year.

Cash & Debt

$1.7M

YoY-30.7%

5Y CAGR+77.1%

Esports Entmt Group Inc held $1.7M in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

Esports Entmt Group Inc had 3M shares outstanding in fiscal year 2023. This represents a decrease of 91.8% from the prior year.

Gross Margin

61.7%

YoY+3.1pp

Esports Entmt Group Inc's gross margin was 61.7% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 3.1 percentage points from the prior year.

Operating Margin

-175.5%

YoY-22.3pp

Esports Entmt Group Inc's operating margin was -175.5% in fiscal year 2023, reflecting core business profitability. This is down 22.3 percentage points from the prior year.

Net Margin

-140.6%

YoY+34.6pp

Esports Entmt Group Inc's net profit margin was -140.6% in fiscal year 2023, showing the share of revenue converted to profit. This is up 34.6 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$3K

YoY-97.6%

5Y CAGR+4.7%

Esports Entmt Group Inc invested $3K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 97.6% from the prior year.

GMBL Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	$23.0M-60.6%	$58.4M+247.7%	$16.8M	N/A	N/A	N/A
Cost of Revenue	$8.8M-63.6%	$24.2M+207.4%	$7.9M	N/A	N/A	N/A
Gross Profit	$14.2M-58.5%	$34.2M+283.2%	$8.9M	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$28.9M-43.7%	$51.3M+108.5%	$24.6M+560.3%	$3.7M+23.6%	$3.0M+50.3%	$2.0M
Operating Income	-$40.3M+54.9%	-$89.4M-247.4%	-$25.7M-535.3%	-$4.0M-34.3%	-$3.0M-50.3%	-$2.0M
Interest Expense	$2.5M-61.3%	$6.4M+818.9%	$699K-65.0%	$2.0M-64.3%	$5.6M+4616938.8%	$121
Income Tax	$376+100.0%	-$5.7M-48.9%	-$3.8M-159046.5%	$2K-75.3%	$10K	N/A
Net Income	-$32.3M+68.4%	-$102.2M-287.6%	-$26.4M-154.8%	-$10.4M-62.2%	-$6.4M-214.6%	-$2.0M
EPS (Diluted)	$-19.63	$-356.27	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'23	Q1'23	Q3'23	Q2'22	Q1'22	Q3'22	Q2'21
Revenue	$1.7M-33.3%	$2.6M-4.0%	$2.7M-35.6%	$4.2M-34.8%	$6.4M-33.3%	$9.6M-38.8%	$15.7M+8.0%	$14.5M
Cost of Revenue	$475K-31.1%	$689K+14.4%	$602K-53.4%	$1.3M-45.5%	$2.4M-36.8%	$3.8M-40.3%	$6.3M-3.6%	$6.5M
Gross Profit	$1.2M-34.1%	$1.9M-9.3%	$2.1M-27.6%	$2.9M-28.6%	$4.0M-31.0%	$5.9M-37.8%	$9.4M+17.5%	$8.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.8M-41.5%	$4.8M-22.7%	$6.2M-16.0%	$7.4M-2.5%	$7.6M-20.2%	$9.5M-34.0%	$14.3M+8.9%	$13.2M
Operating Income	-$1.8M+89.0%	-$16.5M-229.7%	-$5.0M+47.9%	-$9.6M+55.3%	-$21.5M-254.7%	-$6.1M+88.0%	-$50.6M-320.9%	-$12.0M
Interest Expense	$9K	N/A	N/A	$461K-52.6%	$971K-8.2%	$1.1M+73.2%	$611K-74.7%	$2.4M
Income Tax	N/A	N/A	N/A	$376	N/A	N/A	$431+100.0%	-$5.5M
Net Income	-$2.8M+83.3%	-$17.0M-255.3%	-$4.8M+63.6%	-$13.2M+6.6%	-$14.1M-239.0%	-$4.2M+93.4%	-$63.6M-85.1%	-$34.3M
EPS (Diluted)	$-3.43	$-64.55-9392.6%	$-0.68	$-2305.82	$-7873.53-79350.4%	$-9.91	N/A	N/A

GMBL Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$22.1M-65.9%	$64.9M-45.8%	$119.7M+811.7%	$13.1M+2237.8%	$562K-7.9%	$610K
Current Assets	$4.0M-59.5%	$10.0M-66.4%	$29.7M+126.5%	$13.1M+2831.0%	$448K-1.9%	$456K
Cash & Equivalents	$1.7M-30.7%	$2.5M-87.4%	$19.9M+61.2%	$12.4M+28356.0%	$43K-56.7%	$100K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$94K-69.2%	$305K+123.1%	$137K	N/A	N/A	N/A
Goodwill	$4.5M-79.8%	$22.3M-45.6%	$40.9M	N/A	N/A	N/A
Total Liabilities	$17.3M-74.8%	$68.7M+52.8%	$44.9M+2484.2%	$1.7M-68.7%	$5.6M+1516.8%	$344K
Current Liabilities	$8.9M-86.5%	$65.8M+440.6%	$12.2M+600.0%	$1.7M	N/A	N/A
Long-Term Debt	N/A	N/A	$6.5M	N/A	N/A	N/A
Total Equity	$4.8M+141.3%	-$11.6M-115.5%	$74.8M+556.4%	$11.4M+328.2%	-$5.0M-1976.2%	$266K
Retained Earnings	-$181.4M-21.6%	-$149.1M-217.9%	-$46.9M-128.4%	-$20.5M-101.6%	-$10.2M-167.8%	-$3.8M

Metric	Q3'24	Q2'23	Q1'23	Q3'23	Q2'22	Q1'22	Q3'22	Q2'21
Total Assets	$4.6M-38.9%	$7.6M-59.7%	$18.9M-14.5%	$22.1M-48.8%	$43.2M-27.9%	$59.9M-30.0%	$85.7M-31.0%	$124.2M
Current Assets	$2.0M-57.6%	$4.7M+108.5%	$2.2M-44.6%	$4.0M-48.6%	$7.9M-23.0%	$10.2M-40.3%	$17.1M+42.4%	$12.0M
Cash & Equivalents	$957K-13.1%	$1.1M+263.7%	$303K-82.6%	$1.7M+155.8%	$682K-77.1%	$3.0M-68.3%	$9.4M+804.2%	$1.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5K-92.6%	$73K-35.6%	$113K+20.6%	$94K-89.5%	$894K+68.8%	$530K+41.5%	$374K-55.8%	$847K
Goodwill	N/A	N/A	$4.4M-2.4%	$4.5M-31.8%	$6.6M-68.6%	$21.0M-25.3%	$28.1M-45.9%	$52.0M
Total Liabilities	$24.2M-0.5%	$24.4M+31.8%	$18.5M+6.8%	$17.3M-71.7%	$61.1M-10.4%	$68.2M-18.2%	$83.3M+25.1%	$66.6M
Current Liabilities	$9.8M-21.2%	$12.4M+22.4%	$10.2M+14.7%	$8.9M-83.9%	$54.9M0.0%	$54.9M-28.1%	$76.3M+25.0%	$61.1M
Long-Term Debt	$1.4M	N/A	N/A	N/A	N/A	N/A	$112K+1.1%	$111K
Total Equity	-$19.6M-16.9%	-$16.7M-4206.3%	$408K-91.5%	$4.8M+118.6%	-$25.8M-60.4%	-$16.1M-202.7%	-$5.3M-110.6%	$50.0M
Retained Earnings	-$206.1M-1.4%	-$203.3M-9.2%	-$186.2M-2.6%	-$181.4M-8.4%	-$167.4M-9.2%	-$153.3M-5.5%	-$145.4M-77.7%	-$81.8M

GMBL Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	-$15.7M+25.0%	-$21.0M-11.2%	-$18.9M-732.0%	-$2.3M-12.3%	-$2.0M-47.4%	-$1.4M
Capital Expenditures	$3K-97.6%	$138K+120.8%	$62K	N/A	N/A	$3K
Free Cash Flow	-$15.7M+25.5%	-$21.1M-11.6%	-$18.9M	N/A	N/A	-$1.4M
Investing Cash Flow	$2.9M+114.6%	-$20.1M+64.2%	-$56.1M-11126.7%	-$500K-4020.7%	-$12K+85.0%	-$81K
Financing Cash Flow	$8.7M-63.0%	$23.5M-72.8%	$86.4M+472.7%	$15.1M+663.2%	$2.0M+96.5%	$1.0M
Dividends Paid	$803K+60.0%	$502K	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'23	Q1'23	Q3'23	Q2'22	Q1'22	Q3'22	Q2'21
Operating Cash Flow	-$1.5M+23.5%	-$1.9M+10.6%	-$2.2M+49.0%	-$4.2M-7.0%	-$3.9M+14.1%	-$4.6M+29.3%	-$6.5M-54.5%	-$4.2M
Capital Expenditures	N/A	N/A	N/A	$0-100.0%	$51K	N/A	$3K-87.1%	$27K
Free Cash Flow	N/A	N/A	N/A	-$4.2M+39.3%	-$7.0M	N/A	-$6.5M-53.6%	-$4.2M
Investing Cash Flow	$0+100.0%	-$3K+95.6%	-$60K	$0-100.0%	$109K	N/A	-$3K+99.9%	-$5.1M
Financing Cash Flow	-$890K-118.6%	$4.8M+499.6%	$799K-74.0%	$3.1M+57.6%	$2.0M-49.1%	$3.8M-75.5%	$15.7M+75.4%	$8.9M
Dividends Paid	$0-100.0%	$134K-33.3%	$201K0.0%	$201K0.0%	$201K0.0%	$201K0.0%	$201K	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GMBL Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Gross Margin	61.7%+3.1pp	58.6%+5.4pp	53.2%	N/A	N/A	N/A
Operating Margin	-175.5%-22.3pp	-153.1%+0.1pp	-153.3%	N/A	N/A	N/A
Net Margin	-140.6%+34.6pp	-175.2%-18.1pp	-157.1%	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-146.1%+11.5pp	-157.6%-135.6pp	-22.0%+56.8pp	-78.8%+1057.1pp	-1135.9%-803.2pp	-332.7%
Current Ratio	0.46+0.3	0.15-2.3	2.44-5.1	7.54	N/A	N/A
Debt-to-Equity	3.61+9.5	-5.92-6.0	0.09-0.1	0.15+1.3	-1.11-2.4	1.29
FCF Margin	-68.6%-32.3pp	-36.2%+76.6pp	-112.9%	N/A	N/A	N/A

Metric	Q3'24	Q2'23	Q1'23	Q3'23	Q2'22	Q1'22	Q3'22	Q2'21
Gross Margin	72.5%-0.9pp	73.3%-4.3pp	77.6%+8.6pp	69.0%+6.0pp	63.0%+2.0pp	61.0%+1.0pp	60.0%+4.8pp	55.2%
Operating Margin	-105.2%+535.0pp	-640.2%-453.9pp	-186.4%+43.8pp	-230.2%+105.2pp	-335.4%-272.3pp	-63.1%+259.4pp	-322.5%-239.7pp	-82.8%
Net Margin	-164.9%+495.3pp	-660.3%-481.9pp	-178.4%+137.6pp	-315.9%-95.4pp	-220.5%-177.1pp	-43.4%+361.5pp	-404.9%-168.6pp	-236.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-61.2%+163.0pp	-224.2%-198.8pp	-25.4%+28.6pp	-54.0%-21.3pp	-32.7%-25.8pp	-7.0%+67.2pp	-74.2%-46.6pp	-27.6%
Current Ratio	0.20-0.2	0.38+0.2	0.22-0.2	0.46+0.3	0.14-0.0	0.19-0.0	0.22+0.0	0.20
Debt-to-Equity	-0.07+1.4	-1.45-46.8	45.32+41.7	3.61+6.0	-2.37+1.9	-4.24-4.2	-0.02-0.0	0.00
FCF Margin	N/A	N/A	N/A	-71.5%	N/A	N/A	-41.4%-12.3pp	-29.1%

Note: The current ratio is below 1.0 (0.46), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Esports Entmt Group Inc's annual revenue?

Esports Entmt Group Inc (GMBL) reported $23.0M in total revenue for fiscal year 2023. This represents a -60.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Esports Entmt Group Inc's revenue growing?

Esports Entmt Group Inc (GMBL) revenue declined by 60.6% year-over-year, from $58.4M to $23.0M in fiscal year 2023.

Is Esports Entmt Group Inc profitable?

No, Esports Entmt Group Inc (GMBL) reported a net income of -$32.3M in fiscal year 2023, with a net profit margin of -140.6%.

What is Esports Entmt Group Inc's earnings per share (EPS)?

Esports Entmt Group Inc (GMBL) reported diluted earnings per share of $-19.63 for fiscal year 2023. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Esports Entmt Group Inc's EBITDA?

Esports Entmt Group Inc (GMBL) had EBITDA of -$33.8M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

What is Esports Entmt Group Inc's gross margin?

Esports Entmt Group Inc (GMBL) had a gross margin of 61.7% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What is Esports Entmt Group Inc's operating margin?

Esports Entmt Group Inc (GMBL) had an operating margin of -175.5% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Esports Entmt Group Inc's net profit margin?

Esports Entmt Group Inc (GMBL) had a net profit margin of -140.6% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Esports Entmt Group Inc's free cash flow?

Esports Entmt Group Inc (GMBL) generated -$15.7M in free cash flow during fiscal year 2023. This represents a 25.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Esports Entmt Group Inc's operating cash flow?

Esports Entmt Group Inc (GMBL) generated -$15.7M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Esports Entmt Group Inc's total assets?

Esports Entmt Group Inc (GMBL) had $22.1M in total assets as of fiscal year 2023, including both current and long-term assets.

What are Esports Entmt Group Inc's capital expenditures?

Esports Entmt Group Inc (GMBL) invested $3K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How many shares does Esports Entmt Group Inc have outstanding?

Esports Entmt Group Inc (GMBL) had 3M shares outstanding as of fiscal year 2023.

What is Esports Entmt Group Inc's current ratio?

Esports Entmt Group Inc (GMBL) had a current ratio of 0.46 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.

What is Esports Entmt Group Inc's debt-to-equity ratio?

Esports Entmt Group Inc (GMBL) had a debt-to-equity ratio of 3.61 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Esports Entmt Group Inc's return on assets (ROA)?

Esports Entmt Group Inc (GMBL) had a return on assets of -146.1% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Esports Entmt Group Inc's cash runway?

Based on fiscal year 2023 data, Esports Entmt Group Inc (GMBL) had $1.7M in cash against an annual operating cash burn of $15.7M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Esports Entmt Group Inc's Piotroski F-Score?

Esports Entmt Group Inc (GMBL) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Esports Entmt Group Inc's earnings high quality?

Esports Entmt Group Inc (GMBL) has an earnings quality ratio of 0.49x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Esports Entmt Group Inc cover its interest payments?

Esports Entmt Group Inc (GMBL) has an interest coverage ratio of -16.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Esports Entmt Group Inc?

Esports Entmt Group Inc (GMBL) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.