ESE Entertainment just released their corporate updates/financial results (ending April 30) yesterday so let’s look and do some analysis on the numbers.
- Quarterly revenues hit $716,293 (last year = $42,174). 1698% YOY increase and 350% over the previous Q
- $ESE’s milestone acquisition of World Performance Group (not really included/revenue only accounted for 28 days of operation. April 12-30), next quarter should see a far higher number and more revenue growth over the quarter
- Total assets of $6,087,941 (last year = $842,093). 723% YOY increase
- Completed bought deal financing on July 19th. 6,164,000 shares at $1.40, raising a total of $7,870,955 (after expenses). With $7.9M in the bank, the cash is expected to improve capital stability further, support business growth, and allow ESE to execute on its existing M&A pipeline
- Acquisitions: K1CK and WPG ($14M revenue in 2020) have been completed this year, with Digital Motorsports still under an LOI
https://finance.yahoo.com/news/ese-entertainment-provides-corporate-130000965.html
There’s so much great stuff in the update so make sure to check it out. $ESE has been sending out deal-after-deal this year, and I expect some significant revenue growth next quarter, which will make these look like amateur numbers. Every day $ESE’s goal of becoming a leading infrastructure provider, team franchise owner, and distributor of eSports. Will be loading up here as they continue to expand the business aggressively!
Will be buying the dip today