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Financial statements

ESPORTS ENTERTAINMENT GROUP, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ESPORTS ENTERTAINMENT GROUP, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2014FY2015FY2016FY2017FY2017FY2019FY2020FY2021FY2022FY2023
Revenue000016.858.423
Cost of revenue7.8624.28.79
Gross profit8.9234.214.2
Selling and marketing0.010.230.321025.75.95
General and administrative0.070.040.060.152.013.013.7324.651.328.9
Operating expenses0.070.30.350.752.013.014.05
Operating income-2.01-3.01-4.05-25.7-89.4-40.3
Interest expense-0-005.5920.76.422.49
Other non-operating income-3.36-6.3-4.46-18.58.02
Pre-tax income-2.03-6.37-10.3-30.2-108-32.3
Income tax0.010-3.81-5.670
Net income-0.13-0.3-0.340.84-2.03-6.38-10.4-26.4-102-32.3
EBITDA-1.99-2.96-4.03-22.3-77.3-33.8
EPS, basic0.000.000.000.160.31-1.10-1.501.68-356.27-19.63
EPS, diluted0.000.000.000.16-0.31-1.10-1.50-1.68-356.27-19.63
Shares, basic (weighted)2.214.24.394.615.255.796.8815.70.291.71
Shares, diluted (weighted)2.214.24.394.615.255.796.8815.70.291.71

Balance sheet

FY2014FY2015FY2016FY2017FY2017FY2019FY2020FY2021FY2022FY2023
Cash and equivalents0.010.10.050.550.10.0412.419.92.521.75
Receivables0.140.30.09
Other current assets00.03000.340.210.263.261.540.71
Total current assets0.010.130.150.620.460.4513.129.79.974.04
Property, plant and equipment00.030.030.020.010.730.040.02
Lease right-of-use assets1.270.160.09
Goodwill40.922.34.49
Intangible assets000.120.08045.830.313.3
Other non-current assets00.020.011.322.060.14
Total assets0.010.160.180.760.610.5613.112064.922.1
Accounts payable0.030.030.010.030.20.310.52.615.074.47
Accrued liabilities00.010.060.060.09
Deferred revenue0.020.580.99
Short-term debt0.2235.1
Total current liabilities1.7412.265.88.86
Long-term debt6.522.27
Lease liabilities0.880.67
Total liabilities0.120.040.090.090.345.551.7444.968.79.22
Total debt0.4435.1
Paid-in capital0.120.660.962.43.614.9631.9122145173
Retained earnings-0.3-0.6-0.94-1.77-3.8-10.2-20.5-46.9-149-181
Other comprehensive income-0.67-7.38-4.67
Shareholders' equity-0.120.130.090.670.27-4.9911.474.8-11.64.8
Total equity-0.120.130.090.670.27-4.9911.474.8-11.64.8
Total liabilities and equity0.010.160.180.760.610.5613.112064.922.1
Shares outstanding4.034.374.465.085.325.8511.221.90.410.01

Cash flow statement

FY2014FY2015FY2016FY2017FY2017FY2019FY2020FY2021FY2022FY2023
Net income-0.13-0.3-0.340.84-2.03-6.38-10.4-26.4-102-32.3
Depreciation and amortization00.010.050.023.42126.48
Stock-based compensation00.080.71.614.135.171.15
Deferred income tax-4.14-5.67
Change in receivables000.010.08-0.130.21
Change in payables0.03-0.0100.020.220.20.274.315.030.89
Cash from operations-0.1-0.26-0.24-0.48-1.37-2.02-2.27-18.9-21-15.7
Capital expenditures00.02-0-0.06-0.14-0
Acquisitions-0.5-28.9-20.1
Cash from investing0-0.0300.11-0.08-0.01-0.5-56.1-20.12.94
Debt issued35
Stock issued00.380.121.170.650.13.89
Dividends paid-0.5-0.8
Cash from financing0.110.380.191.091.011.9815.186.423.58.68
Net change in cash-0.45-0.0612.311-18.6-2.9
Free cash flow-0.24-0.46-1.37-18.9-21.1-15.7
Interest paid00000.232.432.44
Income taxes paid00000.02-0

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2024; growth uses fiscal years. Valuation uses the share price of $0.18 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin67.9%Gross profit / revenue.
Operating margin-271.1%Operating income / revenue.
EBITDA margin-249.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-260.8%Pre-tax income / revenue.
Net margin-260.8%Net income / revenue.
Operating cash flow margin-100.0%Cash from operations / revenue.
Return on assets (ROA)-548.7%Net income / average total assets.
Stock-based pay / revenue0.6%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue22.1%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-60.6%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y-58.5%Gross profit vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-25.1%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y78.3%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-65.9%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y18.9%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y105.1%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y493.2%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y-37.1%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y-20.1%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.20xCurrent assets / current liabilities.
Quick ratio0.10x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.10x(Cash + short-term investments) / current liabilities.
Debt / assets30.5%Total debt / total assets.
Liabilities / assets263.1%Total liabilities / total assets.
Net debt$457.3KTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital-$7.8MCurrent assets - current liabilities.
Goodwill and intangibles / assets57.0%(Goodwill + intangible assets) / total assets.
Tangible book value-$22.2MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover2.10xRevenue / average total assets.
Receivables turnover1,814xRevenue / average receivables.
Days sales outstanding0 days365 x average receivables / revenue.
Days payables514 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$22.23Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$8.53Revenue / diluted weighted shares.
Operating cash flow per share-$8.53Cash from operations / diluted weighted shares.
Book value per share-$17.08Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$19.39Tangible book value / shares outstanding.
Cash per share$0.84(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$204.0KShare price x shares outstanding.
Enterprise value$661.3KMarket cap + total debt - cash - short-term investments.
P/S0.02xMarket cap / revenue.
EV/Sales0.07xEnterprise value / revenue.
Earnings yield-12,491.0%Net income / market cap (the inverse of P/E).
Dividend yield262.3%Dividends paid over the period / market cap.
Shareholder yield262.3%(Dividends paid + share buybacks) / market cap.
What was ESPORTS ENTERTAINMENT GROUP, INC.'s revenue in fiscal 2023?

ESPORTS ENTERTAINMENT GROUP, INC. reported revenue of $23.0M for fiscal 2023, 60.6% lower than the year before.

Was ESPORTS ENTERTAINMENT GROUP, INC. profitable in fiscal 2023?

No. It reported a net loss of $32.3M.

How much free cash flow did ESPORTS ENTERTAINMENT GROUP, INC. generate in fiscal 2023?

Cash from operations of $15.7M minus capital expenditures of $3.3K left free cash flow of -$15.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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