FANSUNITE ENTERTAINMENT - $FUNFF STOCK NEWS

Welcome to our dedicated page for FANSUNITE ENTERTAINMENT news (Ticker: $FUNFF), a resource for investors and traders seeking the latest updates and insights on FANSUNITE ENTERTAINMENT stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FANSUNITE ENTERTAINMENT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FANSUNITE ENTERTAINMENT's position in the market.

04/01/2024 07:12 PM

News

FansUnite Reports Fourth Quarter and Full Year 2023 Financial Results

Rhea-AI Summary

FansUnite Entertainment Inc. reports a total revenue of $23.72 million for Fiscal 2023, showing a 3% increase over Fiscal 2022. The company achieved a gross margin of $14.88 million (63%) in 2023 compared to $12.83 million (56%) in 2022. FansUnite is hosting its Year End earnings call on April 2, 2024, to discuss its financial results and growth outlook for the remainder of 2024.

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-6.45%

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03/20/2024 08:00 AM

News

FansUnite to Report Fiscal 2023 Financial Results and Host Investor Webinar

Rhea-AI Summary

FansUnite Entertainment Inc. will file its audited financial statements for 2023 on April 1st, 2024. An investor webinar discussing the fiscal results and growth outlook is scheduled for April 2nd, 2024.

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03/14/2024 08:00 AM

News

FansUnite Announces Preliminary Unaudited Fiscal 2023 Financial Results

Rhea-AI Summary

FansUnite Entertainment Inc. reports preliminary unaudited revenue and gross margin results for Fiscal 2023. Total revenue for the twelve months ended December 31, 2023, was in the range of $23.4 million to $23.9 million, with a gross margin of 61% to 65%. The strategic divestment of iGaming assets resulted in annualized cash savings of $7.8 million. Total revenue for the three months ended December 31, 2023, was in the range of $6.2 million to $6.7 million, showing an increase of at least 12% compared to the same period in 2022.

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11.33%

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12/20/2023 08:00 AM

News

FansUnite CEO Provides Year End Corporate Update

Rhea-AI Summary

FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) has released a comprehensive corporate update highlighting the successful restructuring, strategic asset sales, strong financial performance, and positive cash flow generation, positioning the company for sustained success and growth in the future.

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43.48%

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11/14/2023 06:35 PM

News

FansUnite Reports Third Quarter 2023 Financial Results

Rhea-AI Summary

FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) reported a 12% increase in total revenue for the quarter, reaching $4.8 million, with a 9% rise in gross margin to 59%. The Q3 Fiscal 2023 Financial Results also showed a 27% increase in gross profit to $2.8 million and a $1.5 million rise in Total Adjusted EBITDA. The company achieved net working capital of $1.5 million as of September 30, 2023, compared to ($4.2) million as of December 31, 2022. However, for the nine months ended September 30, 2023, total revenue decreased by approximately 2% to $17.2 million. The company also announced a strategic transition away from business-to-business platform licensing, which is expected to result in annualized cost savings of approximately $7.8 million.

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10/31/2023 07:30 AM

News

FansUnite to Report Third Quarter Fiscal 2023 Financial Results and Host Earnings Call

Rhea-AI Summary

FansUnite Entertainment Inc. announces preliminary unaudited financial results for Q3 Fiscal 2023. Total revenue from continuing operations is expected to be $4.5 million to $4.8 million, a 5% to 12% increase compared to the same period last year. Gross margin is projected to be 56% to 59%, up from 50% in 2022. Total adjusted EBITDA is estimated to be $(0.1) million to $0.2 million, a year-over-year increase of at least $1.2 million. The strategic divestment of iGaming assets will result in annualized cash savings of $7.8 million.

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08/24/2023 08:00 AM

News

FansUnite Announces Migration of DragonBet and Departure of Chief Technology Officer

Rhea-AI Summary

FansUnite expects to achieve approximately $7.1 million in cost savings and generate positive cash flow in Q4 2023. The company will focus on the more profitable Affiliate segment, which contributed $23.0 million of its $27.3 million in revenue during Fiscal 2022.

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5.71%

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08/14/2023 06:17 PM

News

FansUnite Reports Second Quarter 2023 Financial Results

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16.22%

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08/09/2023 08:00 AM

News

FansUnite to Report Second Quarter Fiscal 2023 Financial Results and Host Earnings Call

Rhea-AI Summary

FansUnite Entertainment Inc. will release its condensed consolidated interim financial statements and management's discussion and analysis for Q2 2023 on August 14, 2023. An earnings call will be held on August 15, 2023, to discuss the financial results and growth outlook for the remainder of 2023.

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End-of-Day

-2.94%

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06/30/2023 05:30 PM

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FansUnite Announces Results of Annual General Meeting

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