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Esports Entmt Group Inc Financials

GMBL
FY2023 annual
Revenue $23.0M -60.6% YoY
Net Income -$32.3M +68.4% YoY
EPS (Diluted) -$19.63 YoY not available
Free Cash Flow -$15.7M +25.5% YoY
Source SEC Filings (10-K/10-Q) Latest period Q3 FY2024, ended Mar 31, 2024 Reported Currency USD FYE June

Esports Entmt Group Inc (GMBL) reported $23.0M in revenue for fiscal year 2023, down 60.6% from the prior fiscal year. This page shows its 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).

Rhea AI GMBL FY2023

The dominant mechanic is a shrinking revenue base paired with persistent operating costs, turning gross profitability into repeated cash financing needs.

Gross margin expansion from 58.6% in FY2022 to 61.7% in FY2023 occurred while revenue contracted, pointing to a cost-of-revenue or mix shift rather than scale-driven improvement. Because operating margin moved from -153.1% to -175.5%, the higher gross margin was absorbed by operating costs instead of reaching the bottom line.

In FY2023, operating cash flow was -$15.7M, nearly the same as free cash flow at -$15.7M; with capital expenditures of $3K, the cash burden was operating rather than reinvestment-driven. The gap between reported net loss and cash flow indicates substantial noncash or timing effects, so earnings and cash are not moving in lockstep.

Balance-sheet repair was incomplete: equity moved from -$11.6M in FY2022 to $4.8M in FY2023, but the FY2023 current ratio was 0.5x alongside debt-to-equity of 3.6x. Improved equity therefore did not translate into comfortable short-term flexibility or a lightly leveraged structure.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Esports Entmt Group Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress
-16.72

Esports Entmt Group Inc scores -16.72, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($309K) relative to total liabilities ($17.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
6/8

Esports Entmt Group Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing
N/A

Esports Entmt Group Inc reported a net loss of $32.3M while operations used $15.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Esports Entmt Group Inc reported an operating loss of $40.3M against $2.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

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.

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.

Cash & Balance Sheet

Free Cash Flow
-$15.7M
YoY+25.5%

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

Cash & Debt
$1.7M
YoY-30.7%
5Y CAGR+77.1%

Esports Entmt Group Inc held $1.7M in cash as of fiscal year 2023; long-term debt is not reported for that period.

Shares Outstanding
67M

Esports Entmt Group Inc had 67M shares outstanding in fiscal year 2023.

Dividends Per Share

Not reported for fiscal year 2023.

Margins & Returns

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.

Return on Equity
-673.1%

Esports Entmt Group Inc's ROE was -673.1% in fiscal year 2023, measuring profit generated per dollar of shareholder equity.

Operating Margin

Not shown for fiscal year 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for fiscal year 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

Capital Expenditures
$3K
YoY-97.6%

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.

R&D Spending

Not reported for fiscal year 2023.

Share Buybacks

Not reported for fiscal year 2023.

GMBL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

GMBL quarterly income statement
MetricQ3'24Q2'24Q1'24Q4'23Q3'23Q2'23Q1'23Q4'22
Revenue$1.7M-33.3%$2.6M-4.0%$2.7M-3.1%$2.8M-33.5%$4.2M-34.8%$6.4M-33.3%$9.6M-18.0%$11.7M
Cost of Revenue$475K-31.1%$689K+14.4%$602K-56.1%$1.4M+6.2%$1.3M-45.5%$2.4M-36.8%$3.8M-23.7%$4.9M
Gross Profit$1.2M-34.1%$1.9M-9.3%$2.1M+48.8%$1.4M-51.4%$2.9M-28.6%$4.0M-31.0%$5.9M-13.9%$6.8M
SG&A Expenses$2.8M-41.5%$4.8M-22.7%$6.2M+37.4%$4.5M-38.9%$7.4M-2.5%$7.6M-20.2%$9.5M-25.0%$12.6M
Operating Income-$1.8M+89.0%-$16.5M-229.7%-$5.0M-60.3%-$3.1M+67.5%-$9.6M+55.3%-$21.5M-254.7%-$6.1M+66.5%-$18.1M
Interest Expense$9KN/AN/A-$5K-101.1%$461K-52.6%$971K-8.2%$1.1M+0.4%$1.1M
Income TaxN/AN/AN/AN/A$376N/AN/AN/A
Net Income-$2.8M+83.3%-$17.0M-255.3%-$4.8M-507.2%-$790K+94.0%-$13.2M+6.6%-$14.1M-239.0%-$4.2M-10.4%-$3.8M
EPS (Diluted)-$3.43-$64.55-$0.68-100.0%$11065.05-$2305.82-$7873.53-$9.91N/A

Not reported in any period shown, so not listed: R&D Expenses.

GMBL Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

GMBL quarterly balance sheet
MetricQ3'24Q2'24Q1'24Q4'23Q3'23Q2'23Q1'23Q4'22
Total Assets$4.6M-38.9%$7.6M-59.7%$18.9M-14.5%$22.1M-9.5%$24.4M-43.4%$43.2M-27.9%$59.9M-7.6%$64.9M
Current Assets$2.0M-57.6%$4.7M+108.5%$2.2M-44.6%$4.0M-25.8%$5.4M-30.8%$7.9M-23.0%$10.2M+2.6%$10.0M
Cash & Equivalents$957K-13.1%$1.1M+263.7%$303K-82.6%$1.7M-7.0%$1.9M+174.9%$682K-77.1%$3.0M+18.5%$2.5M
Accounts Receivable$5K-92.6%$73K-35.6%$113K+20.6%$94K-80.0%$469K-47.5%$894K+68.8%$530K+73.7%$305K
GoodwillN/AN/A$4.4M-2.4%$4.5M+0.4%$4.5M-32.0%$6.6M-68.6%$21.0M-5.8%$22.3M
Total Liabilities$24.2M-0.5%$24.4M+31.8%$18.5M+6.8%$17.3M-54.5%$38.0M-37.7%$61.1M-10.4%$68.2M-0.8%$68.7M
Current Liabilities$9.8M-21.2%$12.4M+22.4%$10.2M+14.7%$8.9M-69.4%$29.0M-47.2%$54.9M0.0%$54.9M-16.6%$65.8M
Long-Term Debt$1.4MN/AN/AN/AN/AN/AN/AN/A
Total Equity-$19.6M-16.9%-$16.7M-4206.3%$408K-91.5%$4.8M+135.3%-$13.6M+47.3%-$25.8M-60.4%-$16.1M-38.6%-$11.6M
Retained Earnings-$206.1M-1.4%-$203.3M-9.2%-$186.2M-2.6%-$181.4M-0.4%-$180.6M-7.9%-$167.4M-9.2%-$153.3M-2.8%-$149.1M

Not reported in any period shown, so not listed: Inventory.

GMBL Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

GMBL quarterly cash flow statement
MetricQ3'24Q2'24Q1'24Q4'23Q3'23Q2'23Q1'23Q4'22
Operating Cash Flow-$1.5M+23.5%-$1.9M+10.6%-$2.2M+49.0%-$4.2M-41.4%-$3.0M+24.4%-$3.9M+14.1%-$4.6M+33.5%-$6.9M
Capital ExpendituresN/AN/AN/A$0$0N/AN/A$51K
Free Cash FlowN/AN/AN/A-$4.2M-41.4%-$3.0MN/AN/A-$7.0M
Investing Cash Flow$0+100.0%-$3K+95.6%-$60K$0-100.0%$2.9MN/AN/A$109K
Financing Cash Flow-$890K-118.6%$4.8M+499.6%$799K-74.0%$3.1M+1713.9%-$191K-109.8%$2.0M-49.1%$3.8M+2083.2%-$194K
Dividends Paid$0-100.0%$134K-33.3%$201K0.0%$201K0.0%$201K0.0%$201K0.0%$201K0.0%$201K

Not reported in any period shown, so not listed: Share Buybacks.

GMBL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

GMBL quarterly financial ratios
MetricQ3'24Q2'24Q1'24Q4'23Q3'23Q2'23Q1'23Q4'22
Gross Margin72.5%-0.9pp73.3%-4.3pp77.6%+27.1pp50.5%-18.5pp69.0%+6.0pp63.0%+2.0pp61.0%+2.9pp58.0%
Operating Margin-105.2%-640.2%-186.4%-112.7%-230.2%-335.4%-63.1%-154.6%
Net Margin-164.9%-660.3%-178.4%-28.5%-315.9%-220.5%-43.4%-11.2pp-32.2%
Return on EquityN/AN/A-1176.6%-1160.1pp-16.5%N/AN/AN/AN/A
Return on Assets-61.2%+163.0pp-224.2%-198.8pp-25.4%-21.8pp-3.6%+50.4pp-54.0%-21.3pp-32.7%-25.8pp-7.0%-1.1pp-5.8%
Current Ratio0.20-0.2x0.38+0.2x0.22-0.2x0.46+0.3x0.190.0x0.140.0x0.190.0x0.15
Debt-to-EquityN/AN/A45.32+41.7x3.61N/AN/AN/AN/A
FCF MarginN/AN/AN/A-152.1%-71.5%N/AN/A-59.4%

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

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.

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.

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

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.

Esports Entmt Group Inc (GMBL) has a return on equity of -673.1% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.

Esports Entmt Group Inc (GMBL) recorded an outflow of $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.

Esports Entmt Group Inc (GMBL) recorded an outflow of $15.7M in operating cash flow during fiscal year 2023, representing cash used by core business activities.

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

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

Esports Entmt Group Inc (GMBL) had 67M shares outstanding as of fiscal year 2023.

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.

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.

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.

At the end of fiscal year 2023, Esports Entmt Group Inc (GMBL) held $1.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $15.7M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Esports Entmt Group Inc (GMBL) has an Altman Z-Score of -16.72, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Esports Entmt Group Inc (GMBL) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Esports Entmt Group Inc (GMBL) reported a net loss of $32.3M while operations used $15.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.

Esports Entmt Group Inc (GMBL) reported an operating loss of $40.3M against $2.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.

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