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Bullboard - Stock Discussion Forum Fansunite Entertainment Inc T.FANS

Alternate Symbol(s):  FUNFF

FansUnite Entertainment Inc. is a Canada-based global sports entertainment and gaming company. The Company is focused on the regulated and lawful sports betting affiliate market, which includes customer acquisition, retention, support, and reactivation. The Company, through its subsidiary, American Affiliate Co LLC (AmAff), is focused on covering both retail and digital customer activation for... see more

TSX:FANS - Post Discussion

Fansunite Entertainment Inc > Money printer in the making ????
View:
Post by CrazyProphet on Nov 15, 2022 7:26am

Money printer in the making ????

  • Total revenue of $4.95 million in Q3 Fiscal 2022, an increase of 753% over Q3 Fiscal 2021
  • Total revenue for the nine months ended September 30, 2022 was $20.08 million, which is an all-time high for any nine-month period in FansUnite's history
  •  
Comment by RetailInvestor9 on Nov 17, 2022 1:05am
This appears to be selective, can you also comment on their convoluted net earnings/bottom line and cash position. How long before we see another round of dilution? Honest questions and will be happy to hear answers from anyone this board..glta
Comment by Doozer on Nov 17, 2022 9:12am
Re: cash...far from money printing.  We're low on cash at ~4.5m and now have a loan to service, but FANS is doing what they can to reduce burn rate, including pausing all RNG work and reducing such expenses (related note - see the impairments for this Q to this business unit that has not performed well). For Q4, we'll see what net value dragonbet starts to bring to the table.  I ...more  
Comment by RetailInvestor9 on Nov 17, 2022 1:05pm
Thanks a lot for the details, truly appreciated. It looks like we have to wait for q1 to get a real sense for the direction this is headed..
Comment by cashworx44 on Nov 17, 2022 6:18pm
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