Esports Technologies, Inc. Reports Earnings Results for the Third Quarter Ended June 30, 2021
August 14, 2021 at 02:01 am IST
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Esports Technologies, Inc. announced earnings results for the third quarter ended June 30, 2021. For the third quarter, the company announced sales was USD 41,356 compared to USD 63,740 a year ago. Operating loss was USD 3.579 million compared to USD 28,916 a year ago. Net loss was USD 3.957 million compared to USD 27,654 a year ago. Basic loss per share from continuing operations was USD 0.38. For the nine months, sales was USD 85,984 compared to USD 141,618 a year ago. Operating loss was USD 7.726 million compared to USD 47,271 a year ago. Net loss was USD 9.084 million compared to USD 46,009 a year ago. Basic loss per share from continuing operations was USD 0.85 compared to USD 0.01 a year ago.
EBET, Inc. operates platforms to provide a real money online gambling experience focused on i-gaming, including casino, sportsbook, and esports events. The Company operates under a Curacao gaming sublicense and under a strategic partnership with Aspire Global plc (Aspire), allowing the Company to provide online betting services to various countries around the world. The Company operates online casino and sportsbook brands consisting of Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP. It operates six online wagering brands, through Websites and mobile applications, where it accepts deposits and funds from its customers and offer its customers the ability to use those funds to wager on slot and table games, live casino games as well as virtual sport computer simulated games and sports betting. The Company is focused on bringing better i-gaming products to market in order to cater to the Millennial and Gen-Z demographics in the wagering space.