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ESE Entertainment Inc V.ESE

Alternate Symbol(s):  ENTEF

ESE Entertainment Inc. is a Canada-based gaming and e-sports company, which provides a range of services to video game developers, publishers, and brands by providing technology, infrastructure, and fan engagement services internationally. It also operates its own ecommerce channels, esports teams, and gaming leagues. The Company operates in three segments: Digital media and entertainment; Telecommunications and call center services, and Advanced simulation racing infrastructure, technology, and support. It also has a portfolio of intellectual property related to racing simulator solutions, components, and is developing cloud-based racing services. It owns and operates multiple assets across the gaming and esports sectors. Its assets include K1CK, WPG, Digital Motorsports, Frenzy and GameAddik. GameAddik is focused on developing technology and data to bring new players to its customers, who are video game developers and publishers. It also offers blockchain and Web3 gaming solution.


TSXV:ESE - Post by User

Post by yopmemama021on Jul 26, 2021 4:42pm
95 Views
Post# 33606878

ESE.V

ESE.V

ESE up 3.3% today @ $1.24 , market cap $71.54 M following last weeks corporate update. Was really stoked to get a refresh on financial performance and acquisitions  from CEO Konrad Wasiela.

 

A few Highlights: 

 

  • $716,293 quarterly revenue with over 350% increase over the prior quarter 
    • (only include results of the WPG Acquisition from the closing date until the end of the quarter - In future periods, they’ll be able to reflect the combined operations for the full period in consolidated financial statements)

 

 

  • Total assets of $6,087,941, compared to $842,093 in the year prior (2020);

 

 

  • Completion of bought deal financing for gross proceeds of $8,629,600

 

  • To date, ESE has completed two acquisitions: K1CK in January 2021, and WPG in April 2021

 

  • currently working towards completing the potential transaction with award-winning and leading simulation racing organization , Digital Motorsports. ESE is excited to work closely with DMS to execute a strategic growth strategy

 

full update 

https://finance.yahoo.com/news/ese-entertainment-provides-corporate-130000965.html

 

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